30 Oct 2019 07:00
30.10.2019
Applied Graphene Materials
("Applied Graphene Materials", "AGM", "the Group" or "the Company")
Customer product launched to mainstream consumer market via leading UK retailer
Major British retail chain Halfords now selling AGM-graphene enhanced primer instore and online
James Briggs' Hycote graphene anti-corrosion primer also launched on amazon.co.uk and through Tetrosyl Express
Applied Graphene Materials, the producer of specialty graphene materials, is delighted to note that Graphene primer is now on sale at Halfords, the UK's leading retailer of motoring, cycling and leisure products and services, with 465+ retail stores, under Halfords' own brand.
James Briggs Ltd (JBL) has also launched its Hycote graphene anti-corrosion primer, developed in collaboration with AGM, for sale on Amazon, the world's largest e-commerce marketplace, and through Tetrosyl Express, the largest supplier of car care, parts and accessories in the UK.
The launch of a product enhanced with AGM's graphene to the mainstream consumer market represents a significant milestone for the Company.
Adrian Potts, Chief Executive Officer of AGM, said:
"This is a landmark moment for AGM. The fact that a leading mainstream retailer is now advertising and selling a product with AGM's graphene in it, both online and instore, gives a clear signal of the confidence that paint formulators and their customers now have in the exceptional performance benefits and value opportunity, as well as the stability and long-term reliability, of our graphene products."
Jim Miller, Commercial Director at JBL, commented:
"We are delighted to launch these ground-breaking products into the market. They have been received very positively in the marketplace and will offer the end user significant benefits over and above existing products in the market, as well as adding value to our customers' propositions."
The key advantage of the new aerosol primer, as advertised to consumers, is the exceptional corrosion protection (1750+ hours ASTM G-85), that has resulted from the incorporation of AGM's graphene dispersion. As a zinc-free primer system, the paint also has positive environmental and performance features.
JBL formally launched its Hycote anti-corrosion automotive aerosol primer at the Automechanika trade event earlier in 2019 following extensive and rigorous testing of the product with AGM's technical team. AGM expects JBL to continue to ramp up sales through both their distribution channels and direct retail selling based on growing consumer demand.
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
Richard Lindley / Justin McKeegan (Corporate Finance)
Mia Gardner (Corporate Broking)
Hudson Sandler +44 (0) 207 796 4133
Charlie Jack / Emily Dillon
Notes to Editors
Applied Graphene Materials works in partnership with its customers using its knowledge and expertise to provide bespoke graphene dispersions and formats to deliver enhancements and benefits for a wide range of applications. The Group's strategy is to target commercial applications in three core markets: coatings, composites and functional materials.
The Group has developed proprietary bottom-up processes which are capable of producing high purity graphene nanoplatelets using a continuous process. The manufacturing 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. Applied Graphene Materials owns the intellectual property and know-how behind this process.
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. In January 2016 the Group raised £8.5m to support its ongoing activities and in October 2017 the Group raised a further £9.8m.