IP : Applied Graphene Materials plc - Breakthrough anti-corrosion graphene technology

Applied Graphene Materials ('AGM') unveils successful testing and recognition of breakthrough anti-corrosion graphene technology

3,000-hour trials of AGM's proprietary Genable® dispersions have delivered a more than fivefold improvement in rust protection enabling significant opportunities in its industrial coatings target market

The development has resulted in AGM being nominated as a finalist for the 2019 Corrosion Industry Innovation Award as the successful technology continues to gain traction and industry recognition

Applied Graphene Materials, the producer of specialty graphene materials today announces that its breakthrough graphene technology Genable® 3000 has delivered outstanding anti-corrosion performance enhancement results that has led the business to be nominated for a key industry award.

Genable® is a unique metal-free additive that transforms coatings and paints enabling them to uniquely withstand aggressive corrosion in automotive, heavy industry and harsh marine environments. The results from over 3,000 hours of typical vigorous environment testing can be seen in a video on the company's website here. These results demonstrate the long-term structural resilience that AGM's products provide against corrosion, establishing a new market standard.

The development re-affirms the Company's compelling position and potential within the £8.1bn global coating markets and follows its recent announcement that James Briggs Limited ('JBL'), Europe's largest consumer chemicals businesses, intends to bring a new range of aerosol automotive paint primers containing AGM graphene to market, setting new levels of corrosion protection in the aerosol automotive paint market.

Jim Miller, JBL's Commercial Director commented 'The 2 year development collaboration between JBL and AGM has resulted in our first products coming to fruition for the automotive market. Initial feedback from the market is very positive, with customers keen to see innovative products with genuine substantive performance improvements, which these products deliver through utilisation of AGM's graphene dispersion technology.'

The momentum that AGM's proprietary Genable® 3000 graphene technology has achieved has helped drive industry wide recognition of AGM's expertise as an innovation leader in the coatings industry. Reflecting this, the Company has secured a nomination as a finalist in the Materials Performance Corrosion Innovation Awards 2019. The MP Corrosion Innovation Awards program acknowledges the leaders advancing understanding and development of global corrosion technology. It is run in parallel with NACE International. Winners will be announced at the CORROSION conference 2019 in Nashville, Tennessee, USA.

Adrian Potts, CEO of Applied Graphene Materials commented:

'AGM's technology is an exciting and first of its kind development for the global coatings industry. It will significantly increase the lifespan of metals in harsh environments, ensuring very attractive cost advantages for customers. As we create new standards across the market, we are delighted to have been nominated as a Finalist for the 2019 Corrosion Industry Innovation Award, recognising our ground-breaking Genable® 3000 technology. Our recent success with UK paint producer James Briggs and 3,000-hour trials are hugely positive and highlight our potential to bring innovation to many different industries and markets.'

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About Applied Graphene Materials

Applied Graphene Materials works in partnership with its customers using its knowledge and expertise to provide custom graphene dispersions and formats to deliver enhancements and benefits for a wide range of applications. The Group's strategy is to target commercial application in three core markets: coatings, composites and polymers and functional fluids.

The Group has developed proprietary bottom-up processes which are capable of producing high-volume 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 was founded in 2010 with its operations and processes based on technology that Professor Karl Coleman initially developed at Durham University. The Group was admitted to AIM in November 2013.