Proactiveinvestors United Kingdom Applied Graphene Materials https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Applied Graphene Materials RSS feed en Mon, 27 May 2019 08:00:29 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Applied Graphene Materials gets closer to 'joining the dots' for wonder material ]]> https://www.proactiveinvestors.co.uk/companies/news/218075/applied-graphene-materials-gets-closer-to--joining-the-dots--for-wonder-material-218075.html Excitement over the potential for graphene was considerable when the first companies launched on the stock market.

A few years on and some of the froth has blown off. Despite a lot of testing, serious commercial revenues have remained elusive.

WATCH: Applied Graphe ne predicts more sales ahead of new product launches

Adrian Potts, chief executive of Applied Graphene Materials PLC (LON:AGM), says sales might be coming through slower than anticipated but under the water, there is lots of activity underway.

He is no doubt graphene is the “wonder material” that it has been dubbed ever since it was first discovered by researchers in one of the University of Manchester’s labs back in 2004.

Made from a layer of carbon one atom thick, the semi-metal is many times stronger than steel, despite being so thin that 3mln sheets of it would barely reach 1 millimetre in thickness.

That helps to make it extremely flexible and ultra-lightweight, while it is also an extremely efficient conductor of heat and electricity.

Endless applications

The list of potential applications is seemingly endless: it could be used in planes to make them lighter and improve fuel efficiency or mixed with paint to prevent rust, while Head has already designed a graphene-enhanced tennis racquet.

The issue is getting the dispersion technology right, he says, adding you can’t just add graphene powder to another substance.

“The aim is to join the dots between graphene and its application in any relevant industry.”

The right dispersion technology makes it easy to handle and to put into a product.

Coatings and composites are Applied Graphene's focus especially anti-corrosion products.

Tackling rust

Rust is a problem that afflicts many industries.

Cars are an obvious market and Applied Graphene is close to launching its first product – an aerosol-based car paint primer – with Hycote, a brand of chemicals group James Briggs Limited.

But it is in harsher environments that Potts sees the big prize and where rust is a big problem.

Oil rigs, ships, wind turbines – all are highly prone to corrosion and a product that can prevent it would be in high demand.

AGM has developed a dispersed format of graphene, which Potts says is easy to use for many applications and has the potential to provide benefits for barrier protection right up to true anti-corrosion enhancement and chemical resistance.

That’s what it has been working on, but it's not a quick process.

For example, AGM has been working with James Briggs a long time to get to the point of a product launch, he says.

Satellites for Airbus

Other collaborations include another paint manufacturer, HMG, which is testing an anti-corrosion primer for commercial vehicles.

Swedish group ANS, meanwhile, is carrying out scale-up trials of a low friction direct to metal application, while aerospace giant Airbus is testing a high temperature, low-density glue for use on satellites.

True, these are still not orders, but that point is getting ever nearer especially as AGM now has technical data to back up the claims for the performance benefits.

“Now, we can explain why and how it happens, so the story hangs together better.”

AGM has cash of £8.26mln, which should be enough to see it through until 2021 at current expenditure.

Losses in the six months to January rose to £2.37mln (£2.29mln).

Another part of the strategy is to engage more with the graphene industry says Potts.

“We will be presenting at the NGA's Graphene Summit in May 2019 in Washington DC and have also joined The Graphene Council“.

At 30p, the group is valued at £14.8mln.

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Fri, 05 Apr 2019 13:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218075/applied-graphene-materials-gets-closer-to--joining-the-dots--for-wonder-material-218075.html
<![CDATA[Media files - Applied Graphene predicts more sales ahead of new product launches ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12848/applied-graphene-predicts-more-sales-ahead-of-new-product-launches-12848.html Wed, 03 Apr 2019 12:33:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/12848/applied-graphene-predicts-more-sales-ahead-of-new-product-launches-12848.html <![CDATA[News - Applied Graphene Materials expects contracts soon as testing continues ]]> https://www.proactiveinvestors.co.uk/companies/news/217854/applied-graphene-materials-expects-contracts-soon-as-testing-continues-217854.html Applied Graphene Materials PLC (LON:AGM) expects sales momentum to build in the current six months as new products reach the commercial stage.

A new paint primer using graphene is set to be launched shortly by chemicals group James Briggs Limited, a new coating system is on trial with Applied Nano Systems while accreditation with Airbus for a thermal glue is nearing completion.

WATCH: Applied Graphene predicts more sales ahead of new product launches

Adrian Potts, chief executive, said while commercial progress has been slower than it would have liked it was making progress in the coatings technology space.

New products 

For example, the deal with JBL’s Hycote division is running a little behind schedule due to a colour suite upgrade, but the product should be launched over the next six months.

Near-term revenues have been affected a result, but Applied Graphene is confident about its longer-term potential saying initial feedback from the market has been very positive.

Another paint manufacturer, HMG is testing an anti-corrosion product using graphene for commercial vehicles, with a technical evaluation underway for a primer for this market.

Elsewhere in rust prevention, ten aerospace groups are looking at the use of graphene to improve the performance of aluminium substrates used on aircraft.

The work with Swedish group ANS, meanwhile, has led to one of the first direct-to-metal water-based graphene-fortified coating systems with scale-up trials underway.

Applied Graphene also expects to get its thermal paste adhesive, Genable 4400, approved with Airbus Space and Defence for use on satellites.

First orders here might be in the second half of this year or early next year dependent on when approval from Airbus comes through.

Early stages

Interim results reflected that the graphene and nanotechnology coatings specialist is still in the early stages of its development.

Revenues were minimal over the past six months to January while losses rose to  £2.37mln (£2.29mln) with cash at bank of  £8.26mln.

“We will be presenting at the NGA's Graphene Summit in May 2019 in Washington DC, and will have the opportunity to input to policy and environmental standards development for this new technology,” said Potts.

“We have also joined The Graphene Council and anticipate the opportunity to present webinars such as graphene solutions for anti-corrosion coatings to an ever-widening audience “.

Shares were unchanged at 32.5p, valuing the group at £16mln.

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Wed, 03 Apr 2019 10:27:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/217854/applied-graphene-materials-expects-contracts-soon-as-testing-continues-217854.html
<![CDATA[News - JBL to launch paint primer in New Year enhanced by Applied Graphene ]]> https://www.proactiveinvestors.co.uk/companies/news/211388/jbl-to-launch-paint-primer-in-new-year-enhanced-by-applied-graphene-211388.html A range of anti-corrosive vehicle paint primer using Applied Graphene Materials PLC (LON:AGM) enhancements is set to launch in the New Year.

James Briggs Ltd (JBL) has prepared its first commercial batch in preparation for full product launch.

READ: Applied Graphene Materials stuck in the red as orders remain elusive

"JBL has successfully completed its first production batch which is a significant milestone for commercial realisation."

Extensive testing has shown its effectiveness, Applied Graphene said, and JBL is now ready to launch the range of graphene-enhanced anti-corrosion aerosols under their Hycote brand.

Applied Graphene overhauled its management team recently with the appointment of Adrian Potts as chief executive and David Blain as chief financial officer.

“Both have settled into their new roles very quickly,” said chairman Bryan Robson ahead of the AGM.

Applied Graphene also took part in last week’s opening of the UK’s Graphene Engineering and Innovation Centre (GEIC) in Manchester.

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Tue, 18 Dec 2018 08:36:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/211388/jbl-to-launch-paint-primer-in-new-year-enhanced-by-applied-graphene-211388.html
<![CDATA[News - Applied Graphene Materials stuck in the red as orders remain elusive ]]> https://www.proactiveinvestors.co.uk/companies/news/207361/applied-graphene-materials-stuck-in-the-red-as-orders-remain-elusive-207361.html Industrial coatings group Applied Graphene Materials PLC (LON:AGM) says it is working to convert some of its 120 commercial engagements into supply agreements after another heavy loss.

The graphene product specialist posted negligible revenues in the year to July, while losses rose slightly to £4.55mln.

READ: Applied Graphene Materials is already ramping up revenues from paint and other composites

Adrian Potts, chief executive, said the adoption of its graphene by JBL, Brit Tipp, Airbus and Puraglobe was evidence customers are beginning to recognise the significant benefits the product can offer. 

He added, however, that at JBL and Airbus completion of the testing regime required to meet customer expectations has taken longer than originally expected.

As a result, the ramp-up in sales is likely to be later than previously anticipated.

"The launch of our Genable product range combined with our test results earlier in the year has been well received across the coatings sector and this has enabled us to accelerate a number of programmes," he added.

Cash at the year-end was £10.4mln.

 

 

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Thu, 18 Oct 2018 08:50:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/207361/applied-graphene-materials-stuck-in-the-red-as-orders-remain-elusive-207361.html
<![CDATA[News - Applied Graphene Materials shares rise ahead of AGM ]]> https://www.proactiveinvestors.co.uk/companies/news/189450/applied-graphene-materials-shares-rise-ahead-of-agm-189450.html Applied Graphene Materials Plc (LON:AGM) shares advanced around 8% to 47.4p in Wednesday morning’s deals, ahead of the group’s annual general meeting.

Chairman, Bryan Dobson, said in a statement today that: "The board remains pleased with the progress that the group is making towards the commercialisation of its products and proprietary technologies; funding customer collaborations and joint development activity as well as continuing to target further production orders.

READ: Applied Graphene Materials is already ramping up revenues from paint and other composites

“Following on from our initial production orders the business secured additional production orders in 2017."

“Whilst the magnitude of these orders is not large, they represent important milestones in the development of the company.”

Dobson told investors that the number of ‘active engagements’ had increased significantly in the year, with the figure currently standing at around 100, and the company is now targeting further production orders as it seeks to convert the opportunities into production orders.

WATCH: Applied Graphene Materials' Jon Mabbitt on their 'protected, proven technology'

This remains the greatest ongoing priority for the group, he highlighted.

He also told investors that, following an October raise, the group is now “well funded” to capitalise on the targeted opportunities.

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Wed, 03 Jan 2018 09:52:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/189450/applied-graphene-materials-shares-rise-ahead-of-agm-189450.html
<![CDATA[News - Applied Graphene Materials is already ramping up revenues from paint and other composites ]]> https://www.proactiveinvestors.co.uk/companies/news/179544/applied-graphene-materials-is-already-ramping-up-revenues-from-paint-and-other-composites-179544.html It may be miracle science, but turning the wonder of graphene into profits for investors is a hard-nosed business that will involve some judicial decision-making.

Graphene famously, is only one atom thick. Except that it doesn’t have to be.

“There is no agreed standard for the number of atomic layers that comprise graphene,” says Jon Mabbitt, chief executive of Applied Graphene Materials PLC (LON:AGM).

“But typically, if there are up to 100 layers, it’s graphene. If there are over 100 layers it’s graphite.”

Nevertheless, a good working definition for graphene remains that it’s a single atomic layer of carbon held together in a two-dimensional lattice.

And it’s only in commercial applications that the nuance of difference really comes in. If graphene does vary, exactly how and why it varies will be the trick in making it pay.

“A lot of the IP is what you do with graphene,” says Mabbitt.

“The challenge with us is to unlock the potential, and that comes with having patented graphene production technology that produces consistent quality platelets, and having the know-how and IP to ensure the dispersion transfers graphene’s enhancement properties.”

So, it’s not so much what it is, as what is done with it.

And Applied Graphene Materials has taken a commercial approach from the get-go.

The intellectual property has a strong pedigree, coming into the company straight out of Durham University, and already AGM’s graphene has been applied in coatings and composites, including but by no means limited to in the manufacture of fishing rods, and in the manufacture of paint.

Each usage is unique in its effects, but the common theme, that the material looks set to start a slow revolution in materials science, is already making itself apparent.

Thus in fishing rods, Applied Graphene Materials’ product underpins the resin in the rod structure material and helps prevent micro-cracking to give the rod additional flexibility and strength. In paints, corrosion is effectively combated by the inclusion of graphene, such that James Briggs Limited has signed a joint development agreement to incorporate it into a new range of primers, expected to be launched this year.

And Applied Graphene is also working with potential partners in aerospace and defence for materials to go into aircraft and satellites.

All told, the company has over 100 “active engagements” with companies that are testing the products, according to Mabbitt.

“We expect we will gather momentum quickly as our product gets out into market,” he says.

In the medium term that’s likely to lead to sales of the order of tens of millions of pounds, although precise forecasting is a little tricky at this early stage.

Nevertheless, the company is already in talks with potential customers for deals, which if signed, would take it to breakeven.

Further down the line, sales into the aerospace industry, in particular on the back of the Company’s partnership with the UK’s National Aerospace Technology Programme (NATEP), could boost profits still further.

There may need to be another funding in the meantime to tide the company over, but there’s clearly a plan in place that is being adhered to.

“We’ve gone a long way to de-risk the proposition,” says Mabbitt. “The zinc client would take us to breakeven, but it’s likely it’s going to be a combination of larger and smaller opportunities that get us there.” 

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Tue, 20 Jun 2017 13:18:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/179544/applied-graphene-materials-is-already-ramping-up-revenues-from-paint-and-other-composites-179544.html
<![CDATA[Media files - Applied Graphene Materials' Jon Mabbitt on their 'protected, proven technology' ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/7606/applied-graphene-materials-jon-mabbitt-on-their-protected-proven-technology--7606.html Fri, 09 Jun 2017 11:28:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/7606/applied-graphene-materials-jon-mabbitt-on-their-protected-proven-technology--7606.html <![CDATA[News - Applied Graphene eyeing commercial partnerships ]]> https://www.proactiveinvestors.co.uk/companies/news/167496/applied-graphene-eyeing-commercial-partnerships-167496.html Securing its first production order has increased confidence at Applied Graphene Materials PLC (LON:AGM) that it is on the right path.

In the year to the end of July, the group added to its pipeline of commercial opportunities, while remaining carefully focused on its core target market sectors of paints and coatings, composites and functional fluids, where it believe its graphene formulation know-how can add most value.

Read Applied Graphene Materials hooks first customer Paints and coatings

In the paints and coatings division, the company is currently working with James Briggs, one of Europe’s largest consumer chemicals businesses, on an accelerated product development programme incorporating Applied Graphene’s materials into several of James Briggs’s existing products.

“We are currently working with James Briggs to determine the optimum format that we should supply the material in and exactly what that means in terms of production volumes for the group,” Applied Graphene revealed. The first of the products being developed is expected to go on sale early next year.

Sherwin-Williams, the world’s largest supplier of paints, is testing out graphene in their paint formulations in conjunction with Applied Graphene. Revenues from this collaboration are likely to be small in 2017, but the relationship has the potential to increase volumes to the extent that Applied Graphene would have to invest in substantial investment capacity.

Composites and functional fluids

On the composites side, the company’s efforts have been focused on improving mechanical strength of materials.

During 2016 Applied Graphene Materials commenced the exploratory phases of a development programme with Airbus Defence and Space. The programme work is covered under a non-disclosure agreement but is targeted at using the unique properties of graphene in satellites.

Initial development work has been successful and both parties are optimistic of moving quickly to a product development programme in 2017, with product adoption soon after.

Applied Graphene Materials has also been developing its knowledge base concerning the deployment of graphene into bulk polymers and resins, and consistent with the company’s business model, it is working alongside a select number of industrial and consumer brands.

A range of plastics has been demonstrated to be capable of enhancement by the addition of a small amount of graphene, the company said.

On the functional fluids side, the company has, since October 2015, been working with Puraglobe to understand how its graphene can best be incorporated into Puraglobe’s products. This has progressed to a point where tripartite agreements are  being formed, particularly with metalworking and cutting fluids companies but also adjacent market companies.

P&L and outlook

As is common with technology companies at this stage of development, the company is currently loss-making.

In the full-year it made a loss before tax of £4.5mln, versus a loss the previous year of £4.0mln.

Total revenues rose to £75,000 from £41,000 the year before, arising from the supply of evaluation quantities of graphene to commercial partners.

Cash at the end of the reporting period stood at £7.7mln, up from £4.7mln a year earlier.

“The achievement of our first production orders gives the board confidence that our strategic approach to the commercialisation of graphene is effective and on track. Our focus on supplying formatted graphene to our customers such that they can adopt this readily into their production processes and benefit from the performance enhancements in their existing markets is beginning to bear fruit,” said chief executive officer, Jon Mabbitt.

“Graphene has the potential to be a disruptive technology and we are targeting applications where graphene can be incorporated with minimal change to production processes. We believe this to be the most expeditious route to market. The depth of our customer engagements is setting the foundations for a long term, stable and highly attractive business. Our intent remains to become a global graphene market leader and the board believes that Applied Graphene Materials remains well placed to meet its ambition,” he added.

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Mon, 17 Oct 2016 10:17:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/167496/applied-graphene-eyeing-commercial-partnerships-167496.html
<![CDATA[News - Applied Graphene Materials hooks first customer ]]> https://www.proactiveinvestors.co.uk/companies/news/167416/applied-graphene-materials-hooks-first-customer-167416.html Applied Graphene Materials PLC (LON:AGM), the producer of speciality graphene materials, has secured its first production order and commercial application.

The shares opened 5% higher at 155p as the company said it had supplied its graphene material for use in the production of a range of high performance fishing rods, made by Century Composites. Century has introduced a new range of fishing rods to the market, containing the group's graphene nanoplatelets. These fishing rods are being sold under the brand Graphex.

Jon Mabbitt, chief executive officer of Applied Graphene Materials, said the production order follows a period of successful collaboration with Century to ensure the effective transfer of the properties of its graphene nanoplatelets into the fishing rods manufacturer’s production processes.

Interest in the so-called “miracle material” graphene seems to be growing; yesterday, Haydale Graphene Industries PLC (LON:HAYD) said it has received over 140 enquiries to use or distribute its graphene-enhanced 3D printer material (filament) since it was launched in August.

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Fri, 14 Oct 2016 08:17:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/167416/applied-graphene-materials-hooks-first-customer-167416.html
<![CDATA[News - Applied Graphene Materials plc strengthening commercial pipeline ]]> https://www.proactiveinvestors.co.uk/companies/news/124014/applied-graphene-materials-plc-strengthening-commercial-pipeline-124014.html Applied Graphene Materials plc (LON:AGM) is making progress in its bid to be a global leader in graphene and has strengthened its commercial pipeline, it said in latest half year results.

It has developed proprietary processes capable of producing high purity graphene which can be used in a number of applications.

The period to end January saw the group provide over 70 evaluation samples and raise £8.5mln in a placing and open offer.

Chief executive Jon Mabbitt said: "As the business pursues production orders we have made strong progress during the period in the key areas of graphene formulation know-how and strengthening our commercial pipeline.

"We continue to be focused on three target market sectors where we believe our products can add most value and where we see large scale and long term commercial opportunity."

In the field of paints and coatings, the firm has shown graphene can be used to improve barrier properties by as much as 300% and is collaborating with Sherwin Williams to target corrosion protection - an area estimated to cost the British economy £10bn a year.

In the composites sector, the group is looking at improving mechanical strength, and in polymers, it is looking to deploy graphene and is working alongside a number of industrial and consumer brands.

Underlying earnings for the six months was a loss of £2.1mln versus a loss of £1.8mln in the previous year, while cash in the bank rose to £10.2mln compared to £6.6mln in the same period last year.

Shares  eased  1.76% to stand at 186.65p.

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Wed, 23 Mar 2016 08:55:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/124014/applied-graphene-materials-plc-strengthening-commercial-pipeline-124014.html
<![CDATA[News - Applied Graphene does better than expected and eyes expansion ]]> https://www.proactiveinvestors.co.uk/companies/news/110915/applied-graphene-does-better-than-expected-and-eyes-expansion-110915.html Applied Graphene Materials :(LON:AGM) unveiled better-than-expected trading and said it was ramping up production to meet rising demand.

AGM said its overall trading performance in the year to July 31 had been slightly ahead of its expectations, with net cash about £4.7mln at the year end.

It said the rate of progress and momentum picked up as the year went on as it provided more than 120 evaluation samples to customers in over 20 countries.

The group, which is developing the super-strong material for a range of industrial uses, provided more evaluation quantities in the final quarter of the financial year than during the previous nine months combined.

It received its first patent approval received from the Japanese Patent Office and generated positive data from independent coating and oil trials.

The group remains focussed on its three core target markets of polymers & composites, coatings and functional fluids, and is developing a portfolio of commercial opportunities extending less than 12 months, less than three years and longer.

It has started to form joint development agreements or programmes including Millers Oils, a leading independent blender of oil and fuel additives, plus others with leading consumer brands who wish to remain anonymous.

AGM said: "Such collaborations represent an important milestone on the route to production orders and a fuller update will be provided with the full year results in November."

The company also said it expected to start continuous 24 hour running of the manufacturing process later in the current financial year as demand increases.  It plans to add more manufacturing space to handle higher demand.

It added: "There is clear evidence that a single method of manufacture of graphene nanoplatelets will not satisfy the full range of market opportunities that exist for graphene.

"Therefore, in addition to developing the capacity of our existing proprietary manufacturing process, the group is investing in additional complementary production techniques based on processes, for which we have already made patent applications, which will open up an even broader addressable market." Shares rose 20p to 207.5p.

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Fri, 18 Sep 2015 12:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/110915/applied-graphene-does-better-than-expected-and-eyes-expansion-110915.html
<![CDATA[News - Applied Graphene Materials' shares surge on preliminary trial results ]]> https://www.proactiveinvestors.co.uk/companies/news/68130/applied-graphene-materials-shares-surge-on-preliminary-trial-results--79386.html Applied Graphene Materials (LON:AGM) has reported positive preliminary findings from independent trials of graphene-based coatings it produces.

The producer of speciality graphene materials said the performance testing on graphene reinforced polyurethane coatings was undertaken by a globally recognised independent coatings expert.

Polyurethane coatings are used in a wide range of industries including automotive, aircraft and general industrial coatings.

The testing programme is still in progress, Applied Graphene revealed, but early results demonstrate that low loading levels of the group's graphene nanoplatelets substantially enhance the scratch resistance and ultimate tensile strength of a polyurethane clearcoat, with minimal impact on transparency or colour.

“This opens up the route to further development for commercial applications in numerous high performance paints and coatings,” Applied Graphene said.

“The results confirm our own research findings and indicate that these results can be translated to higher volume applications,” said an understandably delighted Jon Mabbitt, chief executive officer of Applied Graphene Materials.

“With a scalable manufacturing process and a strong supporting technical team within Applied Graphene Materials, we are well placed to help our customers apply and exploit graphene in their end products and markets," he added.

Shares shot up more than 16% on the news to 270p.

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Fri, 17 Apr 2015 09:39:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/68130/applied-graphene-materials-shares-surge-on-preliminary-trial-results--79386.html
<![CDATA[News - Graphene boom hints at possible bubble ]]> https://www.proactiveinvestors.co.uk/companies/news/57279/graphene-boom-hints-at-possible-bubble-67507.html The hype surrounding graphene has seen a stampede of investor interest in the so-called ‘miracle material’, which is just a single molecule thick and 20 times tougher than diamond.

Haydale Graphene Industries is the latest company to map out plans for a stock market listing, raising fears that there is a bubble forming around shares in graphene groups.

The company says it plans to use the cash raised in the IPO to increase staff across the business, which in turn will aid product development.

It has pioneered a “scalable plasma process” to “functionalise” graphene and other nanomaterials, which can be used in battery and energy storage and electronic devices.

This so-called “functionalisation” process is an essential part of the commercialisation of graphene, it claims.

The trouble with graphene is that it is difficult to mix with other materials. Commercialising the substance has proved tricky for this reason, but Haydale believes it has a solution to the problem.

And it says the National Physical Laboratory backs up these claims, positively reporting on the plasma process in February this year.

Haydale chief executive Ray Gibbs said: “We have received very positive support from private clients and our existing shareholders plus institutions with several of them expressing a desire to support us as we continue to develop the business.

“Very quickly we had sufficient commitments from institutions to ensure a successful float.”

The listing then looks as though it could be a roaring success on a similar level to Applied Graphene Materials’ (LON:AGM) float in November. 

Floating at 155p, AGM shares trebled in the space of three days to 450p. They are now above 500p, valuing the group, which has a novel way of producing graphene, at £85mln.

Shares in the graphene groups were on the rise on Monday on the back of two joint venture deals from Graphene NanoChem (LON:GRPH). 

The group unveiled JVs with Malaysia’s Scomi Oiltools and Emery Advanced Materials to produce a range of graphene-enhanced specialty chemicals.

AGM was up 5.5% at new all-time highs of 512p, minnow Cientifica (LON:CTFA) shot up 19% to 2.7p, while Graphene NanoChem itself rose 8% to 98.5p.

Investors have been keen to benefit from the commercialisation of graphene, which was first discovered by scientists at Manchester University, who were then awarded the Nobel Prize for Physics in 2010.

So much so that even fraudsters are getting in on the act. In January, the FCA issued a stark warning, urging investors to do their due diligence to avoid investing in any duds.

“We first uncovered this issue when we found evidence of a 'graphene investment firm' on the computers of a suspected boiler room,” the FCA said.

“So we believe that the same firms that have sold other high risk, dubious products such as carbon credits, rare earth metals and overseas land and crops, are now trying to sell graphene.”

The City watchdog said there is a strong possibility of fraud with graphene as it is unregulated and it is difficult to confirm you have bought a genuine product.


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Wed, 09 Apr 2014 15:24:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57279/graphene-boom-hints-at-possible-bubble-67507.html
<![CDATA[News - Graphene NanoChem deals propel graphene shares ]]> https://www.proactiveinvestors.co.uk/companies/news/57207/graphene-nanochem-deals-propel-graphene-shares-67434.html Shares in London’s listed graphene companies rose on Monday on the back of two joint venture deals from Graphene NanoChem (LON:GRPH).

The group unveiled JVs with Malaysia’s Scomi Oiltools and Emery Advanced Materials to produce a range of specialty chemicals.

The deal with Scomi is to produce and supply a range of specialty chemicals, including PlatDrill and other graphene-enhanced green chemicals, exclusively for the oilfield chemicals market.

The agreement signed with Emery meanwhile is to develop a new generation of specialty chemicals for plastic additives, biolubricants and rubber.

Graphene is an ultra-thin material which is tougher than diamond. It was discovered by a pair of scientists at Manchester University, who were subsequently awarded the Nobel Prize for Physics.

Shares in the sub-sector rose on the backs of the two deals. Applied Graphene Materials (LON:AGM) was up 5.5% at new all-time highs of 512p, Cientifica (LON:CTFA) shot up 19% to 2.7p, while Graphene NanoChem rose 8% to 98.5p.

Panmure Gordon’s Dr Mike Mitchell hailed the news.

“The joint venture [with Scomi] will deliver, we believe, a material enhancement for both companies in terms of their strategic positioning in the oilfields chemicals markets, not least for Scomi as it aims to move upstream,” said Mitchell.

“The announcement of heads of terms for a joint venture with Emery, the leading natural based chemicals company, means the group has received crucial endorsements from two large industrial players,” he added.


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Mon, 07 Apr 2014 16:08:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57207/graphene-nanochem-deals-propel-graphene-shares-67434.html
<![CDATA[News - Applied Graphene Materials more than doubles in first two days on AIM ]]> https://www.proactiveinvestors.co.uk/companies/news/53499/applied-graphene-materials-more-than-doubles-in-first-two-days-on-aim-63472.html The IPO fever shows no sign of abating as shares in Applied Graphene Materials (LON:AGM) jumped more than 120% in its first two days on the stock market.

The Teeside-based company, spun out of Durham University in 2010, floated at £1.55 a share on Wednesday, but the stock is already changing hands for £3.42, giving it a stock market valuation of £57mln.

It has developed a novel way of producing graphene nanoplatelets, which does not rely on the supply of graphite, unlike most other techniques.

The ultra-thin material first hit the headlines in 2010 when two scientists from the University of Manchester won the Nobel Prize for Physics for its discovery.

Graphene is said to be a million times lighter than a human hair and harder than diamond.

Bill Gates’s charity has just given the University of Manchester a US$100,000 grant to use graphene to create stronger, thinner condoms. It is already being used to make mobile phone screens and in food packaging.

Chairman Bryan Dobson said on Wednesday: “We are delighted with the investor response to the placing which recognises Applied Graphene Materials' proprietary, scalable manufacturing process and its associated intellectual property and know-how. Joining AIM marks a significant milestone for the group.”

Applied Graphene is another example of the increasing appetite for new flotations following the successful IPOs of Royal Mail (LON:RMG) and Madame Tussauds owner Merlin Entertainments (LON:MERL).

Over-50s women’s clothing retailer Bonmarché (LON:BON) also made a strong start to life on AIM on Wednesday. Having floated at £2, its shares are already worth £2.28.

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Thu, 21 Nov 2013 15:55:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/53499/applied-graphene-materials-more-than-doubles-in-first-two-days-on-aim-63472.html
<![CDATA[News - Applied Graphene Materials makes premium AIM debut ]]> https://www.proactiveinvestors.co.uk/companies/news/53446/applied-graphene-materials-makes-premium-aim-debut-63418.html Manufacturer Applied Graphene Materials (LON:AGM) made a premium debut on AIM on Wednesday.

The spin-out from FTSE 250 IP Group was changing hands at 206p a share in early deals.

That's a 32.9% increase on the placing price, which saw the firm raise £11mln via the issue of over 7mln shares at 155p each.

Based at the first morning's share price the firm has a market cap of around £34.8mln.

The AIM listing will allow the high tech company to increase production and accelerate commercial opportunities with blue chip partners.

The work of Nobel Prize winning physicists Andre Geim and Konstantin Novoselov showed that graphene, a one molecule thick layer of graphite, has huge potential.

It is incredibly strong (a layer of it no thicker than cling film could support an elephant) as well as being a marvellous conductor of heat and electricity.

Such is its potential that companies such as Samsung and Nokia are considering graphene as a replacement for the traditional silicon based technology.

Jon Mabbitt, the chief executive of the company, said today: "This funding will allow us to begin the next phase of development and to strengthen relationships with our partners. Applied Graphene Materials is now well positioned to meet the growing global appetite for graphene as a wonder material of the 21st Century."

Chairman of Applied Graphene Materials, Bryan Dobson, added: "We are delighted with the investor response to the placing which recognises Applied Graphene Materials' proprietary, scalable manufacturing process and its associated intellectual property and know-how. Joining AIM marks a significant milestone for the group."

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Wed, 20 Nov 2013 09:40:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/53446/applied-graphene-materials-makes-premium-aim-debut-63418.html