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.