Applied Graphene Materials pleased with progress

Applied Graphene Materials' board remains pleased with the progress that the group is making, shareholders at today's annual general meeting will be told.

Chairman Bryan Dobson will say: 'The board remains pleased with the progress that the group is making towards the commercialisation of its products and proprietary technologies; funding customer collaborations and joint development activity as well as continuing to target further production orders.

'Following on from our initial production orders the business secured additional production orders in 2017. Whilst the magnitude of these orders is not large, they represent important milestones in the development of the company.

'The number of active engagements increased significantly in the year and currently stands at around 100.

'Targeting further additional production orders remains the greatest ongoing priority for the Group, as we focus on converting these additional opportunities into production orders.

'Following the equity raise in October 2017, the group is well funded as it seeks to capitalise on these opportunities.'