Reach - non-regulatory announcement
3 February 2022
Graphene-enhanced coating successfully developed for Indian power transmission assets
AGM graphene dispersions to be used in protective applications for power transmission line connectors
Applied Graphene Materials (LSE:AGM), the producer of specialty graphene nanoplatelet dispersions, is pleased to announce that Stanvac-Superon Group, the India-based manufacturer of industrial repair and maintenance solutions, has introduced a speciality conductive coating incorporating AGM's Genable dispersed graphene materials, for use on industrial power transmission equipment.
Following successful development and testing, the new protective, conductive coating incorporating AGM's high-quality A-GNP35 graphene dispersions will reduce contact resistance in coated copper and aluminium electrical cable joints to reduce the power lost over the connection. Using the graphene-based 8079 (A) Power-Plus coating, a 30-50% reduction in contact power loss is achieved, offering significant energy savings over time.
The first customer application is well-underway and is expected to reach approval shortly. Stanvac-Superon Group expects the product to be used for power transmission, electrical distribution, and railways, as well as other high energy consumers such as steel mills, smelters, and refineries.
Adrian Potts, Chief Executive Officer of AGM said:
"Our easy-to-use graphene dispersions have again been successfully incorporated into high performance coatings applications, and enabled our customer to achieve a 30-50% improvement in their product's performance. This once again reflects the success of AGM's approach to customer engagement and customer product development. Combining our expertise in formulating and dispersing nanomaterials, we deliver a customised solution to achieve excellent performance gains in customer products.
We look forward to end-user approvals and long-term revenues from the successful deployment of this coating product in India and throughout Stanvac's export networks."
Sanjay Mehra, Managing Director of Stanvac-Superon Group said:
"We are indeed impressed with the performance of the AGM graphene dispersions and thank them for all their technical support and assistance in this development"
END
For further information, please contact:
Applied Graphene Materials +44 (0) 1642 438 214
Adrian Potts, Chief Executive Officer
David Blain, Chief Financial Officer
Singer Capital Markets +44 (0) 207 496 3000
Peter Steel / Amanda Gray
Allenby Capital Limited +44 (0) 203 328 5656
Nick Athanas / Liz Kirchner (Corporate Finance)
Matt Butlin / Kelly Gardiner (Sales and Corporate Broking)
Hudson Sandler +44 (0) 207 796 4133
Nick Lyon / 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. Its 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 £11 million. The Group successfully raised £8.5m in January 2016, £9.8m in November 2017 and a further £6m gross in January 2021. The Group's shares are also cross-traded on OTCQX in the United States. As a result of the funding support and its industry leading technology platform, AGM has been able to develop a significant sales distribution network covering Europe, North America and Asia. The Group continues to work closely with industrial partners, and has seen the successful launch of numerous commercial products enhanced by its Graphene Dispersions.
https://www.appliedgraphenematerials.com/
Stanvac-Superon Group - established in 1994 is one of India's largest manufacturer & exporter of industrial repair and maintenance solutions.
The group was founded on our management's vision of making "world-class" products available to Indian customers at a reasonable rate. Following this principle, Stanvac-Superon Group has made a mark in India, and also has been successfully exporting its products, to over 70 countries.
Stanvac-Superon Group provides a wide range of solutions ranging from industrial coatings to hard-facing solutions, designed specifically for the power, cement, mining, sugar, construction and pulp and paper industries.
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