3rd Aug 2015 16:49
For Immediate Release | 3 August 2015 |
Graphene NanoChem PLC
("Graphene NanoChem" or the "Group")
Product Approval In Vietnam
Graphene NanoChem (AIM:GRPH), is pleased to announce that the Group's drilling and recovery additive products have successfully completed rigorous testing by a leading oil and gas exploration and production company in Vietnam and been approved by that company for registration ("Approval").
Both the Group's solutions independently performed to the rigorous standards set by the prospective customer for field deployment in Vietnam.
As a consequence of the Approval, each of the products qualifies for participation in tenders with the prospective customer and, via its joint venture with Scomi, the Group recently participated in two new tenders with the prospective customer for the supply of its drilling additives.
In addition, the Group has also extended its intellectual property protection with the filing of a US patent for its unique method of making graphene nanocomposites by multiphase fluid dynamic dispersion, marking the next step in reinforcing the Group's technological position and intellectual property protection.
Jespal Deol, Chief Executive Officer of Graphene NanoChem, commented: "The superior performance of our products has again been validated by the industry and we are very much encouraged by the strong market traction of our products as we continue to establish a presence in our long term target markets."
For further information:
Graphene NanoChem | Tel: +603 2282 3080 |
Jespal Deol, Chief Executive Officer | |
Panmure Gordon (NOMAD and Broker) | |
Fred Walsh / Adam James / Tom Salvesen | Tel: +44 (0) 20 7886 2500 |
Tom Nicholson | Tel: +65 68248204 |
About Graphene NanoChem
Graphene Nanochem plc is a technology commercialisation company that operates two commercial platforms, the Advanced Chemicals platform that manufactures renewable chemical products for high growth sectors and the Advanced Materials platform that focuses on graphene nanomaterials applications for selected industries targeting high performance use.
Headquartered in Malaysia, Graphene Nanochem was admitted to the AIM of the London Stock Exchange on 26 March 2013, following the reverse acquisition of Biofutures International plc, and trades under the symbol GRPH.L.
To find out more, please visit www.graphenenanochem.com.
Related Shares:
Graphene Nanochem