Applied Graphene Materials PLC AGM Statement (7817A)
03 January 2018 - 6:00PM
UK Regulatory
TIDMAGM
RNS Number : 7817A
Applied Graphene Materials PLC
03 January 2018
Applied Graphene Materials plc
("Applied Graphene Materials", "the Group" or "the Company")
Annual General Meeting Statement
Applied Graphene Materials, the producer of specialty graphene
materials, will be holding its Annual General Meeting at 11.00am
today at The Farndale Suite, The Wilton Centre, Redcar, Cleveland,
TS10 4RF, during which the Chairman, Bryan Dobson, will make the
following statement:
"The Board remains pleased with the progress that the Group is
making towards the commercialisation of its products and
proprietary technologies; funding customer collaborations and joint
development activity as well as continuing to target further
production orders. Following on from our initial production orders
the business secured additional production orders in 2017. Whilst
the magnitude of these orders is not large, they represent
important milestones in the development of the Company.
The number of active engagements increased significantly in the
year and currently stands at around 100. Targeting further
additional production orders remains the greatest ongoing priority
for the Group, as we focus on converting these additional
opportunities into production orders. Following the equity raise in
October 2017, the Group is well funded as it seeks to capitalise on
these opportunities"
Ends
For further information, please contact:
For further information, please contact:
Applied Graphene Materials +44 (0) 1642 438 214
Jon Mabbitt, Chief Executive Officer
Gareth Jones, Chief Financial Officer
N+1 Singer +44 (0) 207 496 3000
Richard Lindley / James White
Hudson Sandler +44 (0) 207 796 4133
Charlie Jack / Emily Dillon
Notes to Editors
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 is based at
the Wilton Site on Teesside and was admitted to AIM in November
2013, initially raising GBP11 million.
The Group has developed proprietary bottom-up processes which
are capable of producing high purity graphene nanoplatelets using a
continuous process. The manufacturing processes are based on
sustainable, readily available raw materials and therefore do 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 these processes.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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