UK's Graphene Nanochem announced a profitable fourth quarter in 2014 partly thanks to successful sales of its PlatDrill and PlatQuartZ products. This profit is especially noteworthy in light of former projections by the company that warned of losses due to delays in the deployment of its PlatDrill series.
Graphene Nanochem declared that it has remained focused in advancing key areas of applications of its nanotechnology platforms: Performance Chemicals, Energy and Nanocomposites with the Water Treatment solution as the latest expansion.
The company is planning to commercially launch five new higher margin speciality products in 2015 and 2016 and outlined its key mid-term targets to achieve by the end of 2017, including targeting a compound annual growth rate of 25% for the period of 2014 to 2017, and improving gross margins to 20-30%.