7 Dec 2021 07:00
Reach - non-regulatory announcement
AGM Receives UK Patent for Water-based Anti-corrosion Innovation
Industry leader gains formal recognition for its latest nanotechnology development
Applied Graphene Materials (LSE:AGM), the producer of specialty graphene nanoplatelet dispersions, is pleased to announce the issuance of UK Patent No. GB2585648, covering the use of Graphene Nanoplatelets in water-based anti-corrosion protective coatings applications.
Graphene nanoplatelets have been shown to provide highly effective barrier properties, enhancing corrosion prevention in solvent-based paints through the use of high-performance dispersions. The introduction of Graphene nanoplatelets into water-based paints has been historically problematic due to the challenges in producing effective and stable dispersions for water-based systems. AGM's range of water-based dispersions have now been demonstrated to enhance corrosion performance in such systems. This technology development enables primer systems to achieve ISO 12944 category C3 or C4 corrosion rating performance where typical environments include urban and industrial atmospheres, moderate sulphur dioxide pollution, or coastal areas with low to moderate salinity.
This latest patent reflects AGM's commitment to continuous development as a leading innovator in graphene dispersion and application technology.
Adrian Potts, Chief Executive Officer or AGM said:
"The global cost of corrosion is substantial and there is significant and growing pressure within the international coatings industry to reduce and ultimately remove the dependence on harmful volatile organic compounds (VOCs). The move towards a water-based technology solution is a primary goal for many protective coatings innovators. Overcoming the challenge of dispersing graphene nanoplatelets into such coatings has been a significant area of development for AGM's technical team, and I am pleased that this technology has resulted in patent coverage. This latest dispersed product technology offers the coatings industry a new tool in the formulation of water-based systems. It provides a further opportunity to narrow the gap in solvent and water-based coating performance by enabling the use of graphene nanoplatelet materials thereby supporting the move away from solvent-based products."
END
For further information, please contact:
Applied Graphene Materials +44 (0) 1642 438 214
Adrian Potts, Chief Executive Officer
David Blain, Chief Financial Officer
Singer Capital Markets +44 (0) 207 496 3000
Peter Steel / Amanda Gray
Allenby Capital Limited +44 (0) 203 328 5656
Nick Athanas / Liz Kirchner (Corporate Finance)
Matt Butlin / Kelly Gardiner (Sales and Corporate Broking)
Hudson Sandler +44 (0) 207 796 4133
Nick Lyon / Emily Dillon
Notes to Editors
Applied Graphene Materials - For the last decade, AGM has been at the forefront of harnessing the possibilities of graphene. Founded originally by Professor Karl Coleman, the Group has grown from an academic idea from Durham University to a world leader in the development and application of graphene nanoplatelet dispersions for customers in the coatings, composites and functional materials sectors.
The Group utilises its proprietary bottom-up manufacturing process to produce high purity graphene nanoplatelets. Its expertise in dispersion chemistry enables AGM to create optimised, stable and easy to handle dispersions that customers use in real-world industrial products. AGM's unique approach enables industries to fully realise the potential of graphene in a simple, safe and easy to formulate way.
AGM, based at the Wilton Centre on Teesside, was admitted to AIM in November 2013, raising £11 million. The Group successfully raised £8.5m in January 2016, £9.8m in November 2017 and a further £6m gross in January 2021. The Group's shares are also cross-traded on OTCQX in the United States. As a result of the funding support and its industry leading technology platform, AGM has been able to develop a significant sales distribution network covering Europe, North America and Asia. The Group continues to work closely with industrial partners, and has seen the successful launch of numerous commercial products enhanced by its Graphene Dispersions.
https://www.appliedgraphenematerials.com/