Applied Graphene surges after it signs South Korean distribution agreement

Applied Graphene Materials PLC (LON:AGM), the producer of speciality graphene additives, has signed a distribution agreement with ManHo Polymers.

ManHo Polymers is a leading chemicals distributor in South Korea. The agreement extends Applied Graphene’s commercial focus directly into the coatings and polymers sectors across the fourth-largest coatings market in the Asia region.

The UK company and ManHo Polymers have an exclusive agreement that will see the two companies collaborate on customer opportunities and introduce Applied Graphene’s (AGM’s) proprietary Genable graphene dispersions technology into the South Korean coatings and broader liquid resins markets.

“The agreement with ManHo Polymers in South Korea represents further major progress in the development of our global network of specialist distributors to our key customer market sectors. AGM’s strategy is to partner with outstanding, skilled, distribution companies with the right technical understanding and capability to effectively support customer engagement around our innovative graphene nanoplatelet technology,” said Adrian Potts, the chief executive officer (CEO) of Applied Graphene in a statement.

Min-Haeng Lee, the CEO of ManHo Polymer, described Applied Graphene as one of the leading innovators in graphene materials.

“We will do our best to contribute to AGM’s business by expanding its applications to new industries, such as batteries, semiconductors, and electronics, which have a strong presence in our country,” the ManHo CEO added.

Applied Graphene’s shares were up 5.1% at 41.5p in early deals.