Applied Graphene Materials, a producer of specialty graphene materials, has announced its full year results for the year ended 31 July 2016. Total revenues were £0.3 million compared to the 2015 figures of £0.1 million and the repored EBITDA was a loss of £4.2 million, compared to a loss of £3.9 million in 2015.
‘I am pleased to report that we have made substantial progress this year towards commercial adoption of Applied Graphene Materials’ graphene in our target markets,’ said Jon Mabbitt, CEO. ‘Our first production order, announced last week, was an important step for the group and confirmation of the significant opportunities we anticipate as we continue to invest in collaborative partnerships to accelerate adoption in our target markets. Additionally, and to support this, we have made progress on scaling up our proprietary production capacity to meet further demand.’
During the year, the company received its first production order from Century Composites and began a collaboration project with Sherwin-Williams Protective & Marine Coatings.
This story is reprinted from material from Applied Graphene Materials, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
