Applied Graphene Materials PLC AGM Statement (7817A)

TIDMAGM

RNS Number : 7817A

Applied Graphene Materials PLC

03 January 2018

Applied Graphene Materials plc

("Applied Graphene Materials", "the Group" or "the Company")

Annual General Meeting Statement

Applied Graphene Materials, the producer of specialty graphene materials, will be holding its Annual General Meeting at 11.00am today at The Farndale Suite, The Wilton Centre, Redcar, Cleveland, TS10 4RF, during which the Chairman, Bryan Dobson, will make the following statement:

"The Board remains pleased with the progress that the Group is making towards the commercialisation of its products and proprietary technologies; funding customer collaborations and joint development activity as well as continuing to target further production orders. Following on from our initial production orders the business secured additional production orders in 2017. Whilst the magnitude of these orders is not large, they represent important milestones in the development of the Company.

The number of active engagements increased significantly in the year and currently stands at around 100. Targeting further additional production orders remains the greatest ongoing priority for the Group, as we focus on converting these additional opportunities into production orders. Following the equity raise in October 2017, the Group is well funded as it seeks to capitalise on these opportunities"

Ends

For further information, please contact:

For further information, please contact:

Applied Graphene Materials [phone]

Jon Mabbitt, Chief Executive Officer

Gareth Jones, Chief Financial Officer

N+1 Singer [phone]

Richard Lindley / James White

Hudson Sandler [phone]

Charlie Jack / Emily Dillon

Notes to Editors

Applied Graphene Materials was founded by Professor Karl Coleman in 2010 with its operations and processes based on technology that he initially developed at Durham University. The Group is based at the Wilton Site on Teesside and was admitted to AIM in November 2013, initially raising GBP11 million.

The Group has developed proprietary bottom-up processes which are capable of producing high purity graphene nanoplatelets using a continuous process. The manufacturing processes are based on sustainable, readily available raw materials and therefore do not rely on the supply of graphite, unlike a number of other graphene production techniques. Applied Graphene Materials owns the intellectual property and know-how behind these processes.

Applied Graphene Materials works in partnership with its customers using its knowledge and expertise to provide bespoke graphene dispersions and formats to deliver enhancements and benefits for a wide range of applications.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 03, 2018 02:00 ET (07:00 GMT)