Applied Graphene Materials PLC (LON:AGM) has launched a new commercial offering to provide research and development (R&D) services to support businesses in harnessing the potential of graphene in their products.
The AIM-listed firm said its Innovation Accelerator will offer customers a range of solutions including exclusive graphene-enhanced dispersions tailored for their systems, support from Applied Graphene's technical experts to develop a customised projects, formulation services and full system application testing and product characterisation.
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Applied Graphene said the service represents a potential new revenue stream for the group, with partners to pay a one-off fee for a package that includes R&D, quality control testing, on-going stability trials and a starter kit of a graphene dispersion. Tailored dispersions made to customer product specifications will be priced separately.
The company added that the Innovation Accelerator will be made available to its existing commercial partners as well as firms with whom it is now yet formally engaged, as well as being actively marketed via Applied Graphene’s distribution network across Europe, North America and Japan.
"The exciting product launches of our customers in recent days and months have been the result of extensive testing and collaboration with AGM's outstanding technicians, who have developed unique proprietary IP in graphene dispersion and application. Without their ongoing support it would simply not have been possible for many of these ground-breaking, graphene-enhanced products to be brought to market so quickly, allowing our customers an early competitive advantage over their industry peers”, Applied Graphene chief executive Adrian Potts said in a statement.
“I am confident that the formal launch of our Innovation Accelerator service will support growing momentum of product development both with AGM's existing and new customers across the world, and I would like to pay tribute to the great skill and hard work of our talented team", he added.