Proactive Investors - Run By Investors For Investors

Applied Graphene Materials shares rise ahead of AGM

"The board remains pleased with the progress that the group is making towards the commercialisation of its products and proprietary technologies," said chairman, Bryan Dobson
Representation of graphene, a nano-material
The Graphene stock rose around 8%

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.

View full AGM profile View Profile

Applied Graphene Materials Timeline

Related Articles

Ski wear
June 27 2019
Graphene has been dubbed a “miracle” material, being around 200-times stronger than steel, transparent and able efficiently to conduct heat and electricity
November 14 2018
The company is a leading global producer of Halloysite clay and owns the only deposit in the western hemisphere big enough for large-scale commercial production
December 07 2018
The group is also now launching new product lines, including trampoline parks, which complement its soft play parks

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use