Applied Graphene Materials - Customer engagement intensifying
Applied Graphene Materials’ (AGM’s) FY21 results advise of a doubling in the number of ongoing customer engagements and cumulative number of products launched by customers during the year, demonstrating market adoption of the group’s dispersions of nanoplatelets is accelerating. Revenue growth for the whole year was not as fast (48%) because coronavirus-related travel restrictions prevented some customers from deploying their graphene-enhanced coatings on projects. Growth accelerated in H221 (67% vs 20% H121) as restrictions eased.Applied Graphene Materials is engaged in the manufacture, dispersion and development of applications for graphene. Co.'s operations are primarily within the U.K. Co.'s core markets are in the Coating, Composites, and Functional Materials. Within coating sector, Co. focuses on the barrier, corrosion resistance and conductive properties. Potential applications range from protective paints for industrial facilities and transportation infrastructure to floorings. Within composites sector, Co.'s focuses in fracture toughness, stiffness and improvements to fatigue characteristics. Potential applications range from sports goods manufacturers, aero and defense to medical sectors.
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