It is pleasing that our graphene dispersions are driving the performance of composite materials
Chief executive, Adrian Potts.
Technology firm that works with partners on the production of high specification graphene
Its expertise is in dispersion and product integration to enable solutions for a wide range of applications
Graphene is a disruptive technology with the potential to replace or enhance the performance of existing materials
What Applied Graphene does
The company’s products include graphene nanoplatelets, thin stacks of graphene used to enhance the properties of certain materials, its Genable dispersion technology used for coating or painting graphene onto surfaces, and multiple pre-dispersed forms of graphene for use by various industries.
Graphene has multiple properties that make it useful to industry including protecting materials against atmospheric, marine or chemical elements as well as improving thermal of electrical conductivity.
- The technology has been incorporated into two resin systems for cryogenic containers that were currently being considered for use by NASA space missions
- The company presented at two major coatings conferences in September after launching two new adhesives systems with high thermal conductivity for space and defence sectors
- In July, AGM hailed “significant technological progress” in development work on using graphene in water-based anti-corrosion coatings
In an outlook statement accompanying its full-year results, the group said that it was “well positioned” in its market and that with a reduced cost base and its existing cash resources it will have time to “significantly grow revenues”.
Chief executive Adrian Potts added that while revenue development during the year had been “slower to materialise than expected”, efforts to reduce costs would allow the firm to sustain itself while it focused on converting a pipeline of what Potts said was around 100 active engagements into revenue.
The CEO also said the company was progressing “a large number of collaborations with customers” and would update the market in due course.
In the figures for the year ended 31 July, AGM reported an EBITDA loss of £4.83mln, compared to a £4.54mln loss in the prior year, while incomes fell to £0.12mln from £0.2mln.
The company also said in the post-period that it had received a £0.62mln research & development tax credit which had boosted its cash position.
More recently, an anti-corrosion primer, Hycote, which AGM developed in partnership with consumer chemicals group James Briggs Ltd, has been put on sale on Amazon Inc’s (NASDAQ:AMZN) website, Tetrosyl Express, the UK’s largest supplier of car care, parts and accessories, and bike and car accessory retailer Halfords Group PLC (LON:HFD).
AGM's chief executive Adrian Potts says there is lots of activity underway in the young industry.
He is in no doubt graphene is the “wonder material” that it has been dubbed ever since it was first discovered by researchers in one of the University of Manchester’s labs back in 2004.
The list of potential applications is seemingly endless: it could be used in planes to make them lighter and improve fuel efficiency or mixed with paint to prevent rust, while Head has already designed a graphene-enhanced tennis racquet.
“The aim is to join the dots between graphene and its application in any relevant industry.”
With shares trading at 18p as of 30 October 2019, Applied Graphene carries a market cap of £8.2mln.