Graphene-based products supplier Directa Plus Plc (LON:DCTA) has continued to make good progress since it released its results at the end of April.
At today’s annual general meeting, Giulio Cesareo, chief executive of the company, which listed just over a year ago, said it had been a significant year for the company.
Directa Plus gained new customers and saw existing customers launch new products that incorporate the company’s graphene-plus (G+) graphene.
“We have recently received our first order for two different grades of G+ graphene from a leading manufacturer of brake pads (with whom we have a formal JDA) and in the environmental segment, we delivered products for decontamination activities to be performed in the Oil & Gas sector in Nigeria; this was done in collaboration with ENI,” Cesareo told shareholders.
The chief executive added that the company remains in commercial discussions over its products aimed at environmental markets, with the company pursuing sales leads in Romania, Italy and Oman for its mobile decontamination solutions.
In the textile market, it continues to work closely with global textile producers to develop new applications for G+.
"In 2017, our intentions are to build on these foundations, continue to further develop our marketing and production processes, and better position ourselves to address market opportunities. In light of the significant opportunities for the company's G+ products, the board continues to look to the future with optimism," Cesareo declared.