Applied Graphene Materials states that early results for the first half of the current financial year suggest a performance that meets the company's expectations, with net cash of approximately £6.6m at the period end, January 31.
According to the company, operational priorities are customer sampling, developing customer relationships, performance data generation and ongoing enhancements to the manufacturing and dispersion processes. A reported 90% of AGM’s ongoing engagements are with its three core target markets of advanced composites, coatings and functional fluids.
The company continued to update on the commencement of preliminary work on the front end engineering design of a larger scale mk4 production asset that will continue in the second half of the financial year.