If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGraphene Nanochem Regulatory News (GRPH)

  • There is currently no data for GRPH

PlatQuartZ Commercial Deployment

1 Oct 2014 08:41

RNS Number : 1246T
Graphene NanoChem PLC
01 October 2014
 



1 October 2014

Graphene NanoChem PLC

("Graphene NanoChem" or the "Group")

PlatQuartZ Commercial Deployment

Graphene NanoChem (AIM: GRPH), the performance chemicals and advanced materials company, is pleased to announce the receipt of the second commercial order of the PlatQuartZ Series, its second high value graphene-enhanced products line for the oilfield chemicals market, valued at US$5.6 million.

Highlights

· Second commercial order of 2,640 drums of the PlatQuartZ Series, representing 6 fold increase over the first commercial order of 380 drums announced by the Group yesterday;

· Order from Scomi Oiltools Sdn Bhd ("Scomi Oiltools") for dispersion into water and oil based drilling systems and deployment to a National Oil Company;

· The revenue from the commercial order is US$5.6 million.

The PlatQuartZ Series offers high performance non-toxic lubricant additive solution for oilfield drilling, designed to enhance drilling rates by improving drilling efficiency and increasing wellbore stability with market-leading enhancement in torque and drag reduction.

Jespal Deol, Chief Executive Officer of Graphene NanoChem, commented: "We are delighted to announce the increase in sales of our PlatQuartZ Series that will boost revenues for the fourth quarter, further validating the commercial rollout of our products into the oilfield chemicals marketplace through our partnership with Scomi. We anticipate further orders for the PlatDrill Series in the near term.

 

Our Board is committed in strengthening the fundamentals of the Group as we continue to build sustainable long-term value for the business in realizing opportunities into higher margin specialty products within the oil and gas sector."

 

 

For further information:

 

Graphene NanoChem

Tel: +603 2282 3080

Jespal Deol, Chief Executive Officer

Panmure Gordon (NOMAD and Broker)

Fred Walsh / Adam James / Tom Salvesen

Tel: +44 (0) 20 7886 2500

Tom Nicholson

Tel: +65 68248204

Buchanan

Tel: +44 (0) 20 7466 5000

Mark Edwards / Fiona Henson / Jason Day

 

About Graphene NanoChem

Graphene Nanochem plc is a technology commercialisation company that operates two commercial platforms, the Advanced Chemicals platform that manufactures renewable chemical products for high growth sectors and the Advanced Materials platform that focuses on graphene nanomaterials applications for selected industries targeting high performance use.

Headquartered in Malaysia, Graphene Nanochem was admitted to the AIM of the London Stock Exchange on 26 March 2013, following the reverse acquisition of Biofutures International plc, and trades under the symbol GRPH.L.

To find out more, please visit www.graphenenanochem.com.

 

About Scomi Oiltools

Scomi Oiltools is one of the world's leading providers of high performance drilling fluids solutions with an order book of RM5.4 billion (£1.0 billion) With a combined group experience of more than 60 years and global presence at 42 locations in 21 countries, Scomi Oiltools possesses the formulation expertise, global presence, customers, products distribution channels, back office infrastructures and logistical capabilities needed to effectively develop the global market share for PlatDrill in the immediate and long term.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEAXEFELELFEF
Date   Source Headline
16th Mar 20187:00 amRNSAcquisition Update and AIM Cancellation
16th Feb 20187:00 amRNSConfirmation of Resignation of Nomad and Broker
31st Jan 20181:47 pmRNSNotice of Resignation of Nomad and Broker
17th Jan 20189:24 amRNSResignation of Director
8th Jan 20182:50 pmRNSProposed Acquisition Update
30th Nov 20177:30 amRNSSuspension - Graphene Nanochem Plc
30th Nov 20177:00 amRNSProposed Acquisition and Suspension of Trading
12th Oct 20174:40 pmRNSSecond Price Monitoring Extn
12th Oct 20174:35 pmRNSPrice Monitoring Extension
11th Oct 20174:40 pmRNSSecond Price Monitoring Extn
11th Oct 20174:35 pmRNSPrice Monitoring Extension
29th Sep 201711:30 amRNSInterim Results
13th Sep 20179:31 amRNSHolding(s) in Company
13th Sep 20179:27 amRNSHolding(s) in Company
11th Sep 201712:07 pmRNSSecond Price Monitoring Extn
11th Sep 201712:02 pmRNSPrice Monitoring Extension
11th Sep 201711:45 amRNSConversion of Loan Notes and Issue of Equity
4th Sep 201710:15 amRNSConversion of loan note and issue of equity
2nd Aug 20171:20 pmRNSConversion of loan note and issue of equity
26th Jul 201711:30 amRNSResult of Annual General Meeting
4th Jul 20179:59 amRNSConversion of loan note and issue of equity
30th Jun 20177:03 amRNSPreliminary Results
27th Jun 20174:35 pmRNSPrice Monitoring Extension
23rd Jun 20174:35 pmRNSPrice Monitoring Extension
13th Jun 20177:00 amRNSPolymer Division Paid Pilot
22nd May 201712:54 pmRNSPlatDrill Deployment In Myanmar
15th May 201712:35 pmRNSIssuance of Tranche 2 Loan Notes
12th Apr 20172:47 pmRNSConversion of loan note and issue of equity
3rd Apr 201711:47 amRNSConversion of Loan Note and Issue of Equity
31st Mar 20179:05 amRNSUpdate on Debt Rationalisation
8th Mar 201712:00 pmRNSConversion of loan note and issue of equity
3rd Mar 20177:00 amRNSCommercial deployment in Turkmenistan
20th Feb 20174:40 pmRNSSecond Price Monitoring Extn
20th Feb 20174:35 pmRNSPrice Monitoring Extension
3rd Feb 20177:00 amRNSConversion of loan note and issue of equity
29th Dec 20164:19 pmRNSFurther information on 2015 report and accounts
28th Dec 20167:00 amRNSContract Win
23rd Dec 201612:35 pmRNSPrice Monitoring Extension
23rd Dec 20168:45 amRNSRestoration - Graphene NanoChem PLC
23rd Dec 20168:15 amRNSIssuance of Loan Notes and Resumption of Trading
6th Dec 20162:44 pmRNSResult of AGM
14th Nov 20165:04 pmRNSInterim Results
14th Nov 20165:01 pmRNSProposed Share Capital Reorganisation
14th Nov 20165:00 pmRNSPreliminary Results
31st Oct 20164:35 pmRNSUpdate on pending 2015 Annual Results
30th Sep 20163:20 pmRNSUpdate on 2015 Annual Results & 2016 Interims
1st Sep 20161:21 pmRNSUpdate on pending 2015 Annual Results
29th Jul 20167:00 amRNSUpdate on pending 2015 Annual Results
29th Jun 20167:30 amRNSStatement re. Suspension
29th Jun 20167:30 amRNSSuspension - Graphene Nanochem Plc

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.