5th Jun 2020 14:38
(Alliance News) - Applied Graphene Materials PLC on Friday said it has signed a distribution agreement with Greek chemical raw materials distributor Dichem Polymers SA.
The graphene materials maker said the agreement will see both companies collaborate on customer opportunities and introduce Applied Graphene's Genable graphene dispersions technology into the Greek coatings and polymers market.
Applied Graphene said that in addition to its own commercial hubs in the UK and the US, it now has distribution agreements with local expert chemicals and coatings distributors in Greece, Italy, South Africa and Japan.
"I am delighted to be able to continue the development of our platform for revenue generation with the addition of Dichem Polymers SA to the commercial team. We are pleased to be able to offer our standardised product offering to the global market through a strong distribution network across a growing number of countries. We are keen to advance our development pipeline for revenue through this approach from the sale of both our easy-to-use Genable dispersions as well as customised product offerings to suit individual customer project requirements," said Chief Executive Adrian Potts.
Shares in Applied Graphene were trading 13% higher at 11.85 pence each on Friday afternoon in London.
By Ife Taiwo; [email protected]
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