logo-loader
viewApplied Graphene Materials PLC

Applied Graphene Materials hooks first customer

The "miracle material" is to be used in a new range of fishing rods to be marketed under the brand name "Graphex"

Fishing rod
Century has made composite fishing rods in the UK for nearly 40 years

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.

Quick facts: Applied Graphene Materials PLC

Price: 17.5 GBX

AIM:AGM
Market: AIM
Market Cap: £8.65 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Applied Graphene Materials PLC named herein, including the promotion by the Company of Applied Graphene Materials PLC in any Content on the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Commerical momentum at Applied Graphene Materials 'continues...

Applied Graphene Materials PLC's (LON:AGM) Adrian Potts tells Proactive London's Andrew Scott they're seeing positive traction among its customers and are enjoying ongoing momentum in its commercial pipeline. He says a restructuring process they're introducing will re-align the business to...

2 days, 16 hours ago

2 min read