14 Jan 2021 07:00
Applied Graphene Materials plc
("Applied Graphene Materials", "AGM", "the Group" or "the Company")
Applied Graphene Materials announces that EU regulator ECHA has approved the use of graphene powder at larger volumes
Approval represents a major milestone for the adoption and use of graphene in the EU
Applied Graphene Materials (LSE:AGM), is delighted to announce that approval has been granted by ECHA, the European Chemical Agency, for a volume threshold of 1 to 10 tonnes of powder usage per annum of graphene products supplied by individual members of the Graphene REACH registration consortium, of which AGM is a founding member.
Following rigorous evaluation of the range of graphene materials which each consortium member offers, and completion of the final submission documents to ECHA towards the end of 2020, the successful outcome represents a major milestone for the graphene industry and enables consortium members such as AGM to supply quantities of graphene materials in volume. The tonnage band registration of 1 to 10 tonnes p.a. provides confidence in the potential for volume quantity use of graphene materials in the range of applications which consortium members including AGM are pursuing.
Adrian Potts, CEO of AGM, commented:
"I am delighted to announce the successful REACH registration for this volume tonnage band, which represents the culmination of almost four years of work. Strategically, we identified the critical importance of regulatory registration to the long-term success of our business and have committed significant resources to achieving this result today. This registration underpins the effective and safe use of AGM's graphene materials at higher volumes. AGM continues to demonstrate the excellent utility of our graphene products with our customer engagements, and this registration will ensure we can meet our ambitions for larger volume orders as our commercial pipeline continues to develop.
I would like to recognise the tireless efforts of our Technical team as members of the graphene consortium who have pursued the substantial workload that is represented in this registration announcement."
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
Hudson Sandler +44 (0) 207 796 4133
Charlie Jack / Emily Dillon
Notes to Editors
REACH is a regulation of the European Union launched in 2017, adopted to improve the protection of human health and the environment from the risks that can be posed by chemicals, while enhancing the competitiveness of the EU chemicals industry. It also promotes alternative methods for the hazard assessment of substances in order to reduce the number of tests on animals.
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. Their 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. 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 a partner in Japan. 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/