Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Durham Graphene Science to go public and raise $16 million, changes name to Applied Graphene Materials

Abstract:
UK's Durham Graphene Science announced plans to go public, and raise up to 10 million (about $16 million) on the UK's AIM stock exchange. The company is also changing its name to Applied Graphene Materials (AGM). They will use the funds to increase production capacity and accelerate commercial opportunities with partners. If successful, AGM will be the world's first pure-graphene company to go public. This will be one interesting IPO to watch!

Durham Graphene Science to go public and raise $16 million, changes name to Applied Graphene Materials

Newcastle upon Tyne, UK | Posted on October 17th, 2013

AGM says that trading is expected to begin next month. The company hopes to achieve a market value of 25 million ($40 million). The company, a spin-off from Durham University, developed a unique and scalable bottom-up CVD approach to synthesize graphene. Their current annual production capacity is one tonne of graphene (I'm assuming these are graphene flakes). The company will upgrade its plant to eight ton capacity (this will take about 18 months).

Interestingly, the company's CEO, Jon Mabbit, posed for the photo you see above, holding Head's YouTek Graphene Speed tennis racket. Those rackets, announced in the beginning of 2013, supposedly use graphene to make the shaft stronger and lighter. I'm guessing this photo more or less confirms that AGM is supplying the graphene material to Head. In any case, Head is offering five different YouTek Graphene Speed models, ranging from $170 to $286.

In June 2013 AGM qualified their graphene production process. Earlier in 2012, they raised $1.8 million in its seed round of financing in February 2012 (valuation was about $3.5 million).

####

For more information, please click here

Copyright © graphene-info.com

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related Links

To read the original release at graphene-info.com:

Related News Press

News and information

Atomic imperfections move quantum communication network closer to reality June 25th, 2017

Research accelerates quest for quicker, longer-lasting electronics: UC Riverside-led research makes topological insulators magnetic well above room temperatures June 25th, 2017

U.S. Air Force Research Lab Taps IBM to Build Brain-Inspired AI Supercomputing System: Equal to 64 million neurons, new neurosynaptic supercomputing system will power complex AI tasks at unprecedented speed and energy efficiency June 23rd, 2017

Rice U. chemists create 3-D printed graphene foam June 22nd, 2017

Researchers developed nanoparticle based contrast agent for dual modal imaging of cancer June 21st, 2017

Graphene/ Graphite

Rice U. chemists create 3-D printed graphene foam June 22nd, 2017

Thought Leaders and Experts Join National Graphene Association Advisory Board June 16th, 2017

Seeing the invisible with a graphene-CMOS integrated device June 6th, 2017

Investments/IPO's/Splits

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Harris & Harris Group Announces the Filing of Preliminary Proxy Materials Detailing Its Proposed Conversion From a BDC to a Registered Closed-End Fund January 24th, 2017

Harris & Harris Group Issues Reminder for Shareholder Update Call on January 10, 2017 January 10th, 2017

Announcements

Atomic imperfections move quantum communication network closer to reality June 25th, 2017

Research accelerates quest for quicker, longer-lasting electronics: UC Riverside-led research makes topological insulators magnetic well above room temperatures June 25th, 2017

U.S. Air Force Research Lab Taps IBM to Build Brain-Inspired AI Supercomputing System: Equal to 64 million neurons, new neurosynaptic supercomputing system will power complex AI tasks at unprecedented speed and energy efficiency June 23rd, 2017

Rice U. chemists create 3-D printed graphene foam June 22nd, 2017

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project