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Applied Graphene Materials launches new graphene-enhanced car polish

Infinity Wax said that QDX Graphene was the first graphene-enhanced product in its retail range

Applied Graphene Materials PLC -

Applied Graphene Materials PLC (LON:AGM) shares jumped higher on Wednesday on news the firm is to launch a new graphene-enhanced car polishing product in partnership with Infinity Wax, a specialist car care distributor

Infinity Wax will start to market the ground-breaking QDX Graphene Detailing Spray in the fourth quarter of 2020, Applied Graphene Materials said.

Detailing sprays enhance the shine of a vehicle and make it much easier to wipe any dirt away.

This new product is enhanced with Applied Graphene Materials' market-leading G enable graphene/dispersions and will be available to car owners of all types, Applied Graphene Materials added.

In a statement, Adrian Potts, Applied Graphene Materials' chief executive said: "We have seen growing interest from the car care sector for graphene nanoplatelet dispersions to take product innovation to a new and exciting performance level.

"The QDX Graphene Detailing product is a great step forward for Infinity Wax and a major milestone in this space for AGM. It further validates the ease-of-use and outstanding utility of the graphene nanoplatelet dispersions we offer."

Mike Cipriani, Infinity Wax company founder, added that QDX Graphene was the first graphene-enhanced product in its retail range. 

“It is a highly powerful spray product with industry-leading performance that is incredibly easy to use”, he added.

In early trading, Applied Graphene Materials' shares were 19% higher at 34.50p.

 -- Adds share price --

Quick facts: Applied Graphene Materials PLC

Price: 33.5 GBX

AIM:AGM
Market: AIM
Market Cap: £16.63 m
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