Applied Graphene Materials (previously Durham Graphene Science) was established in 2010 as a spin-off from Durham University to develop a new graphene synthesis method and produce graphene materials. AGM's technology is a unique patented scalable 'bottom-up' CVD approach to produce graphene. AGM is a public company that lists in the UK's AIM stock exchange (AIM:AGM).
AGM mainly targets graphene composites, coatings, lubricants, thermal management solutions and energy storage devices. In October 2016 AGM announced its first commercial customer, UK's Century Composites, that will use graphene in a new range of fishing rods. In 2018 the company launched two new product series and a growing pipeline.
The latest AGM graphene news:
Applied Graphene Materials (AGM) announced that its revenues in the first half of its calendar year (six months ended 31 January 2020) increased to £35,000 (up from £26,000 in the first half of its last calendar year). Net loss decreased slightly to £2.3 million.
AGM says that the company is making good progress in converting customer engagement into product launches, with several applications launched in the period that are now available to retail as well as specialist industrial customers.
Applied Graphene Materials has announced that its graphene primer product is now on sale at Halfords, the UK's leading retailer of motoring, cycling and leisure products and services.
James Briggs (JBL) has also launched its Hycote graphene anti-corrosion primer, developed in collaboration with AGM, for sale on Amazon, and through Tetrosyl Express, the largest supplier of car care, parts and accessories in the UK.
Applied Graphene Materials, which recently reported a widening annual loss, has decided to re-align itself and focus on graphene dispersion, a process of mixing graphene with other materials to enhance the mechanical and barrier properties of the material.
The company said it will work primarily to grow revenue from a "pipeline of approximately 100 active engagements".
Applied Graphene Materials (AGM) recently reported a wider annual loss as costs increased and revenue development was slower than expected.
AGM booked a loss before tax of £4.8 million for the 12 months ended 31 July, compared with £4.5 million of loss during the year before, as its cost of sales leapt by 89% to £0.5m.
The partnership saw the use of AGM’s graphene technology in two resin systems for cryogenic pressure tanks. These vessels are currently being explored by Nasa for use in several spaceflight missions, as well as International Space Station Experiments (MISSE), Artemis and Lunar Gateway programmes.