Applied Graphene Materials

Applied Graphene Materials (AGM) recently announced that the company aimed to raise money to fund its operations, but in the current market conditions, this is no longer possible. Shares of AGM dropped by over 40% following the announcement, and are down around 80% since the beginning of 2022.

Image

In the six months that ended on January 2022, AGM 's revenues were only £46,000, while its net loss was £1.9 million. The company's cash reserves will likely only last till the first quarter of 2023 or so.

Applied Graphene Materials (AGM) has signed a supply agreement with a global leader in the car detailing industry for an exclusively developed graphene-based solution. The partnership with an undisclosed 'global household name brand' is said to represent a significant milestone for AGM in the car care sector, where it has already announced multiple product launches with smaller participants.

AGM said its new partner is driving innovation in the market and now leads the way in the supply of high-performance auto detailing and finishing products. The addition of AGM's Genable graphene nanoplatelet dispersion technology into car care systems has the potential to significantly improve the barrier performance of waxes, polishes and finishing sprays for vehicles, the company added.

Applied Graphene Materials (AGM) announced its interim results for the six months that ended on January 2022. Revenues were £46,000 (up from £42,000 in the previous half year period), while net loss was £1.9 million (up from £1.8 million).

Despite the low revenues and large loss, AGM's management says that there's a steady growth in potential pipeline projects - as these increased to 192 from 135 last year. The company also updates that it has been progressing with its developments for the battery and hydrogen fuel and storage industries.

Applied Graphene Materials (AGM) has announced that Stanvac-Superon Group, an India-based manufacturer of industrial repair and maintenance solutions, has launched a conductive coating incorporating AGM’s Genable graphene dispersions, for use on industrial power transmission equipment.

Following successful development and testing, the new protective, conductive coating incorporating AGM’s A-GNP35 graphene dispersions will reduce contact resistance in coated copper and aluminium electrical cable joints to reduce the power lost over the connection.

Applied Graphene Materials has announced that England’s Environment Agency (EA) has successfully completed its first application of AGM’s harsh environment anti-corrosion product to one of its flood defense assets on the North East coast of England. The coastal flood defense gates were coated with AGM’s new graphene-enhanced Genable CX-based anti-corrosion primer.

The AGM’s coating system used in this project is a further iteration of AGM’s product offerings for barrier performance and anti-corrosion application. It represents the culmination of 18 months of in-depth testing and evaluation of anti-corrosion performance for both salt-spray and immersion in harsh test regimes.

Applied Graphene Materials (AGM) has announced the introduction of two new products based on its GNPs.

The Company has launched a range of industrial anti-corrosion paint incorporating its Genable graphene additives. The two epoxy-based prototype primer systems are said the AGM to represent an easy way for those considering the adoption of graphene to quickly test and evaluate its potential benefits.

Applied Graphene Materials (AGM), the producer of specialty graphene nanoplatelet (GNP) dispersions, has launched a range of industrial anti-corrosion primers based on its Genable technology.

Graphene nanoplatelets have been shown to provide highly effective barrier and anti-corrosion properties in paints and coatings at extremely low loading levels. AGM reports that following outstanding results through extensive inhouse research and testing, it has developed two new prototype paint systems using its graphene products.

Applied Graphene Materials (AGM) has announced the implementation of a key component of its technology roadmap, following a successful grant application supported by the Tees Valley Business Growth Fund (TVBGF), which supports SMEs in the Tees Valley to grow their business, improve productivity and stimulate local growth.

AGM has installed a new paint and coatings spray booth facility, using the funding secured, to facilitate accelerated internal research and customer developments, offer additional specialist training opportunities for staff, and enable AGM to complete projects more efficiently and with a broader scope.

Applied Graphene Materials has announced that its partnership with Tru-Tension has resulted in the launch of a new detailing spray enhanced with AGM’s graphene nanoplatelet technology.

UK-based Tru-Tension designs and manufactures products for biking enthusiasts, that include tools, cleaning products, lubricants and accessories. Following in-house research and testing, the manufacturer claims that the new formulation enhanced with AGM’s industry-leading Genable® graphene dispersion technology delivers extended performance benefits.

Applied Graphene Materials (AGM) has announced that its customer, Constellation Chemicals, has launched two new sealants in its car detailing product range enhanced with AGM’s graphene nanoplatelet technology.

The two products, Parallax, a graphene-enhanced ceramic sealant and Gravity, a graphene-enhanced snow sealant, launch after research and testing by Constellation Chemicals. The growing UK-based manufacturer of car care products claims that they offer performance enhancements such as hydrophobicity, chemical resistance to acid rain, road salt and bird lye and produce excellent durability, gloss, water repellence and beading.