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Applied Graphene Materials' shares surge on preliminary trial results

Polyurethane coatings are used in a wide range of industries, including automotive, aircraft and general industrial coatings, and early results from an independent trail indicates a little dab of graphene in the coating substantially enhance the scratch-resistant properties.

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Applied Graphene Materials (LON:AGM) has reported positive preliminary findings from independent trials of graphene-based coatings it produces.

The producer of speciality graphene materials said the performance testing on graphene reinforced polyurethane coatings was undertaken by a globally recognised independent coatings expert.

Polyurethane coatings are used in a wide range of industries including automotive, aircraft and general industrial coatings.

The testing programme is still in progress, Applied Graphene revealed, but early results demonstrate that low loading levels of the group's graphene nanoplatelets substantially enhance the scratch resistance and ultimate tensile strength of a polyurethane clearcoat, with minimal impact on transparency or colour.

“This opens up the route to further development for commercial applications in numerous high performance paints and coatings,” Applied Graphene said.

“The results confirm our own research findings and indicate that these results can be translated to higher volume applications,” said an understandably delighted Jon Mabbitt, chief executive officer of Applied Graphene Materials.

“With a scalable manufacturing process and a strong supporting technical team within Applied Graphene Materials, we are well placed to help our customers apply and exploit graphene in their end products and markets," he added.

Shares shot up more than 16% on the news to 270p.

Quick facts: Applied Graphene Materials PLC

Price: 35.1 GBX

AIM:AGM
Market: AIM
Market Cap: £17.43 m
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