TIDMAGM
Applied Graphene Materials PLC
14 December 2020
Applied Graphene Materials signs distribution agreement with
Manho Polymers Co. Ltd., South Korea.
Agreement provides AGM with a new route into the coatings and
polymers markets in South Korea.
Applied Graphene Materials (AGM), the producer of specialty
graphene additives, is pleased to announce that it has signed a
distribution agreement with Manho Polymers Co. Ltd. The agreement
further extends AGM's commercial focus directly into the coatings
and polymers sectors across South Korea.
Manho Polymers is a leading chemicals distributor in South Korea
with a history of delivering innovative products to the coatings
and polymers market. The agreement enables AGM to access the fourth
largest coatings market in the Asia region, estimated in 2018 to be
producing in excess of 900 million litres of paint annually, with a
market value of over USD4.6billion per year.
AGM and Manho Polymers have an exclusive agreement that will see
the two companies collaborate on customer opportunities and
introduce AGM's proprietary G enable(R) graphene dispersions
technology into the South Korean coatings and broader liquid resins
markets.
Adrian Potts, CEO of AGM, commented:
"The agreement with ManHo Polymers in South Korea represents
further major progress in the development of our global network of
specialist distributors to our key customer market sectors. AGM's
strategy is to partner with outstanding, skilled, distribution
companies with the right technical understanding and capability to
effectively support customer engagement around our innovative
graphene nanoplatelet technology. We look forward to working
closely with ManHo Polymers to ensure their success in the
significant South Korean market as they create opportunities for
our products in the high-performance coatings and polymers
spaces."
Min-Haeng Lee, CEO of Manho Polymer, commented:
"We are very glad to start cooperation with AGM. AGM is one of
the leading innovators in graphene materials, with high potential
and vision to change the future.
We are excited to introduce AGM's graphene solution into South
Korea, which is one the of biggest coating markets in Asia.
Furthermore, we will do our best to contribute to AGM's business by
expanding its applications to new industries, such as batteries,
semi-conductors, and electronics, which have a strong presence in
our country. We look forward to developing our cooperation and to
joint successes in South Korea."
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:
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 GBP11 million. The Group successfully
raised GBP8.5m in January 2016 and a further GBP9.8m in November
2017. Since August 2020, the Group's shares are also listed on
OTCQX 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 and South Korea. 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/
About Manho Polymer
Established in 2004, Manho Polymer has grown as one of the
leading chemical distributors in Korea for rubber, fluoropolymer,
flame retardants, fillers, and additives, which are related with
various industries, including semi-conductor, display, automotive,
telecommunication, battery, and coating. The company has advantages
of having sound capital structure, many customers in broad business
portfolio, and highly trained passionate people.
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