Applied Graphene Materials PLC (LON:AGM) has signed a distribution agreement with Will & Co, a Dutch marketing, logistics and distribution services provider to the chemicals, high-quality raw materials and food ingredients industries.
The AIM-listed group said under the deal Will & Co will use its regional sales network to provide AGM with access to customer opportunities and introduce its Genable graphene dispersions technology into the Benelux coatings and polymers markets.
AGM said the deal will extend its commercial reach directly into the coatings and polymers sectors in the Benelux countries, adding that it now has distribution agreements with local expert chemicals and coatings distributors in The Netherlands, Greece, Italy, South Africa and Japan as well as its own commercial hubs in the UK and US.
"In line with our strategy to continue expanding our footprint with our distributor network for both standard and custom products, it's a great pleasure to be able to announce our agreement with Will & Co for the Benelux region”, said AGM chief executive Adrian Potts.
“We are firmly of the view that the key to graphene's commercialisation is the combination of innovative materials technology in an easy-to-use format with a customer approach that is able to explain the practical aspects of use and the true potential of graphene in their applications. I believe we have this blend with Will & Co and look forward to positive progress on revenue growth with our exciting technology for the liquid resins, coatings, composites and polymers sectors", he added.
Shares in AGM were steady at 19.5p in mid-afternoon trading on Monday.