15 Dec 2014 07:00
15 December 2014
Applied Graphene Materials plc
("Applied Graphene Materials", "the Group" or "the Company")
Annual General Meeting Statement
Applied Graphene Materials plc, the producer of specialty graphene materials, is today holding its Annual General Meeting at 10.30am at The Lecture Theatre, The Wilton Centre, Redcar, Cleveland, TS10 4RF, during which the Chairman, Bryan Dobson, will make the following statement:
"The Board is pleased with the progress that the Group is making over the course of the new financial year and in particular in the period since the announcement of full year results. November 2014 was a record month for Applied Graphene Materials for the number of samples provided to customers. Sampling was principally to the Group's three core target markets of advanced composites, coatings and functional fluids, encompassing global operators in these markets.
We will seek to further build sampling momentum over the remainder of the financial year. The Group also continues to maintain focus on its key objectives of developing customer relationships and ongoing improvements to its manufacturing and dispersion processes.
Customer feedback received on the transfer of the properties of graphene into other materials, whilst at early stages, has been encouraging.
The Board remains confident that Applied Graphene Materials is well placed to play a leading role in meeting the growing global appetite for graphene."
Ends
For further information, please contact:
Applied Graphene Materials +44 (0) 1642 438 214
Jon Mabbitt, Chief Executive Officer
Oliver Lightowlers, Chief Financial Officer
N+1 Singer +44 (0) 207 496 3000
Shaun Dobson / Richard Lindley
Hudson Sandler +44 (0) 207 796 4133
Charlie Jack / Emily Dillon
Notes to Editors
Applied Graphene Materials was founded by Professor Karl Coleman in 2010 with its operations and processes based on technology that he initially developed at Durham University. The Group was admitted to AIM in November 2013, raising £11 million, and is based at the Wilton Site on Teesside.
The Group has developed a proprietary bottom-up process for the production of high purity graphene nanoplatelets and owns the intellectual property and know-how behind this process. Applied Graphene Materials' process is based on sustainable, readily available raw materials and therefore does not rely on the supply of graphite, unlike a number of other graphene production techniques. It is capable of producing high purity graphene using a continuous process. Applied Graphene Materials provides dispersion and product integration expertise to deliver solutions for a wide range of applications.