15 Mar 2022 07:00
Reach - non-regulatory announcement
15 March 2022
AGM signs distribution agreement with Rayoung Chemtech Inc., Taiwan
Applied Graphene Materials (LSE:AGM), the producer of specialty graphene nanoplatelet dispersions, is pleased to announce that it has signed an exclusive distribution agreement with Rayoung Chemtech Inc. (Headquarters, Taipei, Taiwan). The partnership will extend AGM's commercial reach directly into the region's liquid resins, coatings, composites and polymers sectors.
Founded in 2008, Rayoung Chemtech Inc. has always been committed to delivering high performance specialty chemicals and shares AGM's vision for helping customers improve material performance and strengthen product competitiveness. The distribution agreement will see the two companies collaborate on customer opportunities and introduce AGM's proprietary Genable graphene dispersion technology into the Taiwanese coatings and composites market.
In addition to its own commercial hubs in the U.K. and the United States, AGM now has distribution agreements with local expert chemicals and coatings distributors in a growing number of export markets. As a result, AGM has achieved excellent regional coverage providing detailed customer understanding and appreciation of graphene's potential.
Adrian Potts, AGM CEO commented:
"I am really pleased to welcome Rayoung Chemtech Inc. to the commercial team, in line with our strategy to continue expanding our distributor footprint. We believe that the key to graphene's continued commercialisation is to combine innovative materials technology with a local customer approach that presents the practical advantages of use and the true potential of graphene dispersions in their applications. We look forward to working with the highly motivated team at Rayoung Chemtech Inc. to take advantage of the many opportunities in the Taiwanese market."
Ray Chung from Rayoung Chemtech Inc. commented:
"AGM is a world-leading graphene material innovator and dispersions manufacturer and through their advanced technology, we see the vision, potential and great possibilities for supporting the development of a wide spread of industries. We are very happy to become AGM's partner and jointly introduce new materials that can be practically applied to the Taiwan market. I believe that we can bring higher value to the industry chain and create a better future together, just as Rayoung Chemtech believes in "Better Chemistry, Better Life!"
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/
Rayoung Chemtech Inc. - Rayoung Chemtech Inc. was established in 2008 in Taipei, Taiwan, supported by a group of experienced stock holders. The company's vision is to become a leader in special chemicals across Asia, integrating resources from upstream and downstream. In 2016, Rayoung Chemtech Inc. started its own inhouse formulation research and manufacture of specialty chemicals.
http://www.rayoungnet.com/en/
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