Newspaper article The Journal (Newcastle, England)

AGM Could Go Sky High with Its Tough 'Wonder Material'

Newspaper article The Journal (Newcastle, England)

AGM Could Go Sky High with Its Tough 'Wonder Material'

Article excerpt

Byline: SHARE WATCH Nick Williams

WILTON-BASED and Durham University-born Applied Graphene Materials (AGM) last week released their first set of trading results since joining the Alternative Investment Market (AIM), indicating that the company still has some way to go as it posted losses of more than PS2m and an annual turnover of just PS4,000.

However, those who care to read between the lines of the results announcement must note that the Redcar firm, which listed in November 2013, is operating within a pioneering sector of unimaginable innovation, potential and scale.

AGM is the only North East producer of graphene, a newly discovered 'wonder material' which possesses unsurpassed powers of strength, electrical and thermal conductivity.

Stronger than a diamond, and no thicker than a single atomic layer of carbon, such is its world-changing potential, the scientists responsible for its development picked up the Nobel Prize in 2010 and officially launched the material into the realms of engineer's fantasy.

To put this into context, physicists already believe that graphene could be resilient enough to form the basis of a 'space elevator', which in layman's terms, means that the substance could be used to support an unbroken connection between the earth and some far off galaxy. Its uses are literally 'sky high'.

As one of the only three UK-based manufacturers operating within this sector, AGM are still making tentative steps towards full-scale production, which will pave the way for future growth.

Going forwards, it has the potential to generate millions in revenue, but need time to put the infrastructure in place, which includes necessary investment in overheads and additional staff.

Owning the intellectual property rights for the form of graphene, which can be used as an additive in paints, plastics and lubricants, it has so far identified more than 20 potential revenue streams, including coatings for the marine industry and discharging polymers for the aerospace industry. …

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