Applied Graphene Materials, the producer of specialty graphene materials, held its Annual General Meeting at 11.00am today at The Farndale Suite, The Wilton Centre, Redcar, Cleveland, TS10 4RF, during which the Chairman, Bryan Dobson, made the following statement:
"We continue to work closely with the companies in our sales pipeline in order to secure new product launches. We are pleased that James Briggs, Halfords, Alltimes and Blocksil have all launched new products containing our materials during the first four months of the current financial year and we look forward to seeing these products develop in the future.
The re-alignment process which commenced in October 2019 is now complete and the anticipated cost reductions have been achieved. This was a very difficult period for all staff and we appreciate their support and understanding throughout the process.
We presented at IP Group's Deep Tech Conference in Beijing, China during October 2019 and, as a result, the Group is actively pursuing an increased number of exciting opportunities in Asia.
Our intent remains to become a global graphene market leader and the Board believes that Applied Graphene Materials remains well placed to meet its ambitions."