18 May 2021 07:00
Applied Graphene Materials plc
("Applied Graphene Materials", "AGM", "the Group" or "the Company")
Bike product customer launches graphene-based detailing spray
Applied Graphene Materials (LSE:AGM) is delighted to announce that its partnership with a leading innovator in the cycling market, Tru-Tension, has resulted in the launch of a brand new detailing spray enhanced with AGM's graphene nanoplatelet technology.
UK-based Tru-Tension designs and manufactures products for biking enthusiasts, from tools and cleaning products for commuters and adventure riders, to lubricants and accessories for high performance motorcycle racing. Following a programme of in-house research and testing, the manufacturer claims that the new formulation enhanced with AGM's industry-leading Genable® graphene dispersion technology delivers extended performance benefits.
Since successfully securing a substantial investment from retail guru Touker Suleyman on BBC's Dragons' Den back in 2018, Tru-Tension has grown from strength to strength, expanding its range of high-quality bike maintenance solutions. Tru-Tension suggests the graphene-based spray offers an unrivalled high gloss finish that also acts as a protective layer to leave paintwork glistening, and that the newly formulated hydrophobic coating also reduces dirt build-up to make future cleaning easier.
The Graphene Bike Detailer product represents a further milestone for both companies in bringing graphene nanoplatelet-based products to the wider market. The brand is now available to purchase in Halfords and many other national retailers, as well as through the Tru-Tension website: https://www.tru-tension.co.uk/
Working with industry pioneers like Tru-Tension, AGM continues to realise the benefits of graphene for detailing product applications. This latest product launch represents another example of how the incorporation of the Company's unique graphene dispersion technology can transform customers' products and help manufacturers to stand out in the car and bike care market.
Adrian Potts, Chief Executive Officer of AGM, said:
"It is a pleasure to see yet another product enhanced with AGM's graphene dispersions coming to market. Our graphene products have demonstrated exceptional performance in an increasingly broad range of applications, made possible thanks to our focus on delivering graphene nanoplatelets in a format that makes them easy to adopt in practical applications. This approach continues to deliver new customer product momentum for innovative companies like Tru-Tension. The development of our relationship with Tru-Tension is exciting and I look forward to seeing the commercial results of their current and future cutting-edge product launches."
Chris Frappell, Founder of Tru-Tension, commented:
"It has been great working with AGM's team to create our new Graphene Bike Detailer. The unrivalled formulation and hydrophobic performance of the graphene delivers a world leading bike detailer with a shine that reduces the build-up of dirt. This addition to our diverse range allows us to continue to deliver market leading products, for motorcycles and bicycles, at the forefront of what is capable with technology. We look forward to working with AGM on future products and continuing to push the boundaries and performance of our products."
For further information, please contact:
Applied Graphene Materials +44 (0) 1642 438 214
Adrian Potts, Chief Executive Officer
David Blain, Chief Financial Officer
N+1 Singer +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
Tru-Tension - Founded in 2015 by inventor Chris Frappell, Tru-Tension designs, manufactures and sells high quality maintenance solutions for motorcycles. The company also designs and formulates high performance lubricants and cleaning products to keep all moving components and bodywork in optimum condition for reduced wear and increased performance.
https://www.tru-tension.co.uk/
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 and a further £9.8m in November 2017. Since August 2020, the Group's shares are also listed on OTCQB in the United States and, in January 2021, the Group successfully raised a further £6m gross. As a result of the funding support and their industry leading technology platform, AGM have 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 have seen the successful launch of numerous commercial products enhanced by their Graphene Dispersions.
https://www.appliedgraphenematerials.com/