Applied Graphene Materials Share Discussion Threads

[cordwainer] 22/4/2023 19:25

Published 4/18/2023
Universal Matter acquires main operating business of Applied Graphene Materials
UMI aims to combine its graphene capabilities with AGM’s dispersion technologies to accelerate the growth of graphene-based solutions.

Universal Matter UK Ltd., a wholly owned subsidiary of Universal Matter Inc. (UMI, Mississauga, Ontario, Canada and Houston, Texas, U.S.), has acquired all shares of Applied Graphene Materials UK Ltd. (Cleveland, U.K.) and Applied Graphene Materials LLC (AGM), the main operating subsidiaries of Applied Graphene Materials plc.

The acquisition took place on March 28, 2023, for a total consideration of $1.3 million USD. The sale and purchase agreements relating to this transaction were signed on February 21, 2023, and UK NSI Act approval was received on March 24, 2023.

The acquisition aims to accelerate the growth of novel graphene-based solutions by combining UMI’s proprietary graphene capabilities and AGM’s dispersion platform technologies. This combination will also help create a compelling value proposition for many industries by further capitalizing on UMI’s unique flash joule heating (FJH) process for upcycling carbon waste into high-performance, sustainable graphene solutions.

UMI, a privately-held Canadian corporate, was formed in July 2019 and is a high-tech advanced materials company seeking to create strong circular economies by upcycling a range of carbon-based materials, including waste streams, to manufacture and supply high quality and sustainable turbostratic graphene (TG).

UMI’s proprietary flash joule heating (FJH) process can reportedly transform a variety of carbon-containing feedstocks into high value graphene materials using a highly efficient and low-cost manufacturing process. UMI says its unique pathway for producing graphene is strongly protected by background IP and trade secrets that the company has built up during the last three years.

UMI operates its Innovation Centers in Mississauga, Ontario and Houston, Texas. The company has also recently acquired an 18,000 square foot building in Burlington, Ontario for housing its demonstration plant, which is expected to be operational in the third quarter of 2023 with a nameplate capacity of ~1 ton per day at full utilization. The combination of feedstock flexibility and the FJH process technology can produce tuneable graphene products with a range of physical properties.

AGM’s market leading product technologies have been designed to deliver next generation performance requirements for protective industrial coatings and other applications. This includes graphene dispersion technologies, application and formulating know-how, and compelling test results to support market adoption in coatings, composites and beyond. In addition, AGM’s dispersion solutions are said to be easy and safe to use in industrial settings, and have appropriate regulatory approvals for volume deployment.

UMI says that AGM’s dispersion technology will be further leveraged to enable the deployment of graphene materials into many of the strategic market segments that UMI is pursuing. AGM’s pipeline of ongoing customer engagements for evaluating its products and technologies will also significantly accelerate UMI’s overall product/market adoption strategies, UMI says.

“The acquisition of AGM fits exceptionally well with UMI’s growth strategy by significantly enhancing our dispersion and application capabilities for advanced paints and coatings. Moreover, it will provide UMI with an important European footprint for strengthening our growth potential,” says John van Leeuwen, CEO of Universal Matter.



To the extent there are any residual amounts after the costs of the winding up are deducted, then such amounts will be distributed to shareholders via an appointed liquidator.

[cordwainer] 29/3/2023 10:21

oh. just came back to see what happened. got out with an almost 70% haircut on this back in May 2022 at 17p, with hope turning to hopelessness. not sure whether to feel foolish, bitter, glad, or all three.

[amanitaangelicus] 06/3/2023 20:09

Always gonna happen. Fleeced pi.scand ii.s. Too slow to get stuff to mkt...others caught up. UK is carp for tech ...ps never trust uni spinouts. More bloat than Trevor the fish.

[pugugly] 22/2/2023 07:40

End of road - Terminator has called correctly all the way - Which AIM stock next for the dustbin?

[amanitaangelicus] 09/2/2023 16:02

Pillaged to the nth. A great (cough) Durham Uni rollout bites the dust. The meerkats will probs pop up again. Yee haaa, welcome to the Badlands ...welcome to the Aim cesspit ...

[pugugly] 13/1/2023 08:06

Looks to me as though nearly out of road

[amanitaangelicus] 28/12/2022 14:38

Potsy goin out in glory and a big wonga pay off. Welcome to da aim circus. The Vikings are pillaging.

[amanitaangelicus] 21/12/2022 08:25

Stalking Steve on da loose ...he.s a muppet.

[amanitaangelicus] 14/12/2022 15:20

Steve is my fwendly stalker ...he.s infatuated. He.s my likkle biatch. I call him Poopsy.

[amanitaangelicus] 12/12/2022 16:51

Welcome Stalker Steve ...a bigger liar than Billy Liar.

[stevedaytrader] 08/12/2022 08:06

AmanitaangelicusLongterm1Paulruus1 is a complete prat, with multiple ID's- total waste of space who constantly posts puerile waffle lots of times a day on multiple boards. Avoid.

[amanitaangelicus] 07/12/2022 20:07

Mkt cap 2.2 mil ...well milked by the bod. Teat vicar?

[amanitaangelicus] 07/12/2022 20:06

Come on release the mew owner news,/ to etc.

[amanitaangelicus] 05/12/2022 22:13

Uni spin out special. Durham boyz love gravy. And trains ...T/o only way now ...Probs already bn engineered ...

[andycapped] 28/11/2022 11:57

Seems an odd choice that they expanded production facilities in a year when they were running short on revenue.

If they have some valuable IP, I guess we may find out just how valuable it is (or isn't) in the next few weeks.

This has certainly been my worst investment to date.

[cordwainer] 23/11/2022 17:16

Just musings..
I think the other option on the RNS - a fire sale in effect ("accelerated" sale) - is the most likely. Other graphene companies may be able realise great synergies from some of the intellectual property*, existing contracts and even physical assets, without the overhead of another sponging BOD. However another business development manager might decide many of the products are not viable in terms of sales growth and serviceable available market size. *And some of the IP may be a bit tricky to untangle from client products ?
In terms of selling the business whole, that process would more likely succeed with a traditional coatings / admixture specialist looking to expand its range and / or a foreign buyer who could address new or larger markets. But time is short for anything like that to happen with the requisite deep dive into feasability.
Another crazy idea is that the client with the biggest supply contract buy them out as some kind of de-listed production unit, just a cog in their supply chains with flexible or no margin.

[terminator101] 23/11/2022 07:26

Oh dear. A “strategic review” because basically nobody is convinced that the clowns running this lifestyle pish can run a Bath never mind run a company. So either some massive death spiral financing coming, or a massive equity give away (think DTMR) or even a bit of both before they call in the liquidators.

It’s the beginning of the final death throes IMo.

[amanitaangelicus] 22/11/2022 15:54

Errrrrr...death throes ...been milked dry.

[amanitaangelicus] 17/11/2022 08:16

Still breathing ...who.ll take this dog over? Tech might be worth a few quid. Potsy would love to be working for a new org, shared up, strutting his stuff aroond Durham ...

[amanitaangelicus] 14/11/2022 15:44

Billy still on the whizz i see.