Share Name Share Symbol Market Type Share ISIN Share Description
Applied Graphene Materials Plc LSE:AGM London Ordinary Share GB00BFSSB742 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.40 3.69% 67.40 64.00 68.00 66.50 63.00 63.00 337,004 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 0.1 -3.7 -6.4 - 33

Applied Graphene Materials PLC AGM signs up distribution partner in Turkey

30/10/2020 7:00am

RNS Non-Regulatory


TIDMAGM

Applied Graphene Materials PLC

30 October 2020

30 October 2020

Applied Graphene Materials signs up distribution partner in Turkey

Agreement provides AGM with a strong route into the coatings and polymers markets across Turkey

Applied Graphene Materials (AGM), the producer of specialty graphene additives, is pleased to announce that it has signed a distribution agreement with GOBARR Kimya Ticaret ve Pazarlama Ltd. Sti (Gobarr). The agreement will further expand AGM's distribution network to target customers in the Turkish coatings and polymers sector.

Gobarr's team of industry specialists has over 25 years' experience in supplying innovative products to the paint and coatings market across Turkey. This agreement will make Gobarr the market's leading supplier of graphene dispersions focused on Turkey's industrial coatings sector.

AGM and Gobarr have an exclusive agreement that will see the two companies collaborate in developing customer opportunities and introducing AGM's proprietary Genable(R) graphene dispersions technology into the Turkish coatings and polymers markets.

Adrian Potts, Chief Executive Officer of AGM, said:

"It is a great pleasure to be able to welcome Gobarr to our growing sales network. The development of a technically-capable, commercially-astute distribution network for our Genable(R) graphene dispersion products and technology is a key strategic focus at this stage of AGM's commercialisation.

We look forward to achieving success with the Gobarr team in the distribution of AGM's dispersed graphene materials in the Turkish coatings and liquid resin sector."

Gobarr commented:

"At Gobarr, a key priority for us is to continue to develop and expand the utilization of graphene, which has already demonstrated its advantages in various end user products.

AGM is a company focused on enabling the widespread application of graphene, which excels in providing early commercialisation opportunities and competitive advantages to its partners through the development of reliable graphene application technologies and processes. Our partnership with the company is a major motivation and momentum source for our company and our local partners alike. We are all very excited to work with AGM in distributing the company's graphene products and ensuring that they provide value to the sectors we operate in."

For further information please contact:

Applied Graphene Materials

+44 (0) 1642 438 214

Adrian Potts, Chief Executive Officer

David Blain, Chief Financial Officer

N+1 Singer

+44 (0) 207 496 3000

Peter Steel / Amanda Gray

Hudson Sandler

+44 (0) 207 796 4133

Charlie Jack / Emily Dillon

Notes to Editors:

Applied Graphene Materials - For the last decade, AGM has been at the forefront of harnessing the possibilities of graphene. Founded originally by Professor Karl Coleman, the Group has grown from an academic idea from Durham University to a world leader in the development and application of graphene nanoplatelet dispersions for customers in the coatings, composites and functional materials sectors.

The Group utilises its proprietary bottom-up manufacturing process to produce high purity graphene nanoplatelets. Their expertise in dispersion chemistry enables AGM to create optimised, stable and easy to handle dispersions that customers use in real-world industrial products. AGM's unique approach enables industries to fully realise the potential of graphene in a simple, safe and easy to formulate way.

AGM, based at the Wilton Centre on Teesside, was admitted to AIM in November 2013, raising GBP11 million. The Group successfully raised GBP8.5m in January 2016 and a further GBP9.8m in November 2017. Since August 2020, the Group's shares are also listed on OTCQX in the United States. As a result of the funding support and their industry leading technology platform, AGM have been able to develop a significant sales distribution network covering Europe, North America and a partner in Japan. The Group continues to work closely with industrial partners, and have seen the successful launch of numerous commercial products enhanced by their Graphene Dispersions.

https://www.appliedgraphenematerials.com/

GOBARR Kimya Ticaret ve Pazarlama Ltd. Sti was set up by Caran Kimya, a leading Turkish Chemical Producer, specifically to support graphene sales and the partnership with AGM. Originally focused on chemicals for the Pulp and Paper Industry, since 2007 Caran Kimya's highly experienced technical team have also provided services to related industries, with partners including world class Chemical Producers, such as Cargill, Ugur Seluloz, Royce, Steiner, Lamberti, Mare, Contech, Lanxess and other local companies.

Caran Kimya has its own production facilities with a production capacity of 75.000 tons/yr, located in Bornova Izmir, and Tuzla Istanbul.

http://carankimya.com/en/

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