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Applied Graphene Materials hails “significant technological progress” in development of anti-corrosion coatings

Initial findings showed that AGM's Genable anti-corrosion technology could be added to water-based products in levels that were commercially viable

Graphene
AGM is trying to replicate the success of Genable in solvent-based products in water-based ones

Applied Graphene Materials PLC (LON:AGM) has hailed “significant technological progress” in development work on using graphene in water-based anti-corrosion coatings.

The AIM-listed firm said on Wednesday that it would be sharing the findings of its recent efforts with its existing customer base and the wider industry.

READ: Applied Graphene Materials partner launches anti-corrosion roof coating

Adrian Potts, AGM’s chief executive, said the company was working to replicate the success achieved with the incorporation of its Genable anti-corrosion technology into solvent-based products with water-based ones.

The firm said effective incorporation of graphene into water-based products had been problematic due to issues around material compatibility and film formation, however initial findings showed that the levels of Genable required to enhance anti-corrosion performance in water-based products were low enough to be commercially viable.

AGM added that while the findings were in a commercial acrylic direct to metal coating, it believed that water-based Genable technology could be equally well adopted into more complex applications.

“We are delighted to be able to present significant technological progress to our customers, reaffirming AGM as the leader in the development of cutting-edge graphene applications”, Potts said, adding that “increasing regulatory pressure” remained a key driver for coatings developers to improve the environmental impact and safety of their products.

In early trading, the shares were down 0.6% at 26.4p.

Quick facts: Applied Graphene Materials PLC

Price: 16.5 GBX

AIM:AGM
Market: AIM
Market Cap: £8.16 m
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