Applied Graphene Materials has raised £6 million (around USD$8.2 million) from institutions and private investors for working capital to help it serve expected growth in customer and product demand.
Giving more detail on the need for the extra funds, Applied Graphene Materials’ board stated it believes the group has a product range and third party distributor network to capitalize on the opportunities in its markets and accelerate commercial momentum.
Applied Graphene Materials (LON:AGM) manufacture production ready graphene based Genable® dispersions, with product integration expertise to deliver multi-functional performance enhancements across a wide range of applications.