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Applied Graphene Materials notes graphene powder approval from EU regulator

The company said the new approved volume threshold of 1 to 10 tonnes of graphene powder usage per annum for products was a "major milestone" for the industry

Applied Graphene Materials PLC - Applied Graphene Materials notes graphene powder approval from EU regulator

Applied Graphene Materials PLC (LON:AGM) has noted that the European Chemical Agency (ECHA) has approved a volume threshold of 1 to 10 tonnes for graphene powder usage per annum for graphene products supplied by the Graphene REACH registration consortium, of which the company is a member.

The AIM-listed firm said the approval from the regulator represented a “major milestone” for the graphene industry and will enable members of the consortium to supply quantities of graphene materials in volume.

READ: Applied Graphene waxes lyrical over latest product launched using its technology

Applied Graphene Materials added that the new volume threshold provided “confidence in the potential for volume quantity use of graphene materials in the range of applications” that members of the consortium are pursuing.

"I am delighted to announce the successful REACH registration for this volume tonnage band, which represents the culmination of almost four years of work. Strategically, we identified the critical importance of regulatory registration to the long-term success of our business and have committed significant resources to achieving this result today. This registration underpins the effective and safe use of AGM's graphene materials at higher volumes”, Applied Graphene Materials chief executive Adrian Potts said in a statement.

“AGM continues to demonstrate the excellent utility of our graphene products with our customer engagements, and this registration will ensure we can meet our ambitions for larger volume orders as our commercial pipeline continues to develop. I would like to recognise the tireless efforts of our Technical team as members of the graphene consortium who have pursued the substantial workload that is represented in this registration announcement", he added.

Quick facts: Applied Graphene Materials PLC

Price: 74.5 GBX

AIM:AGM
Market: AIM
Market Cap: £37.03 m
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