5 Jun 2020 07:00
05 June 2020
Applied Graphene Materials plc
("Applied Graphene Materials", "AGM", "the Group" or "the Company")
Applied Graphene Materials signs distribution agreement with Dichem Polymers SA, Greece.
Agreement provides AGM with a strong route into the Greek coatings and polymers markets.
Applied Graphene Materials (LSE:AGM), is pleased to announce it has signed an exclusive distribution agreement with Dichem Polymers SA (Headquarters Acharnes, Greece). The agreement helps to extend AGM's commercial reach directly into the coatings and polymers sectors across Greece.
Founded in 1977, Dichem Group, has a strong history of delivering high performance chemicals to a wide range of markets including cosmetics, pharmaceuticals, food industry, polymers and coatings. The company's focus on supporting customers, with their specialist, technical focus, allows them the opportunity to actively participate in R&D programmes to establish new technologies in their selected sector.
AGM and Dichem have an exclusive agreement that will see the two companies collaborate on customer opportunities and introduce AGM's proprietary Genable® graphene dispersions technology into the Greek coatings and polymers 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 Greece, Italy, South Africa and Japan.
Adrian Potts, AGM CEO commented:
"I am delighted to be able to continue the development of our platform for revenue generation with the addition of Dichem Polymers SA to the commercial team. Having done the hard work of developing graphene dispersions as the primary route to utilisation of nanoplatelet technology, we are pleased to be able to offer our standardised product offering to the global market through a strong distribution network across a growing number of countries. We are keen to advance our development pipeline for revenue through this approach from the sale of both our easy-to-use Genable® dispersions as well as customised product offerings to suit individual customer project requirements."
Demetrios Gkikas. Dichem Polymers CEO commented:
We are very pleased to have started a collaboration with AGM, a highly innovative organisation, with a technology that we expect to have significant growth in the Coatings Industry in the coming years. We believe that our long-standing relationships with local customers on one hand, and the high level of expertise of AGM on the other, will provide a clear benefit for those seeking a high-quality solution in certain sections of the Paint Industry. From our side we will do all we can to ensure this collaboration is very successful.
About Dichem Polymers SA
Dichem Polymers is active in the stocking and distribution of chemical raw materials for the construction, paint, insulation, packaging and signage industry. The company has been operating for 20 years in the Greek market where it also represents some of the largest international brands, constantly broadening its product, customer and supplier portfolio. Dichem Polymers' highly trained and skilled technical staff provide technical support at all levels (research, development and production of the final product).
http://www.dichem.gr/index.php?lang=EN
For further information, please contact:
Applied Graphene Materials | +44 (0) 1642 438 214 |
Adrian Potts, Chief Executive Officer David Blain, Chief Financial Officer | |
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.