Applied Graphene signs distribution agreement in Turkey
Speciality graphene additives producer Applied Graphene Materials has signed a distribution agreement with Gobarre in Turkey, it announced on Friday.
The AIM-traded firm said the agreement would further expand its distribution network to target customers in the Turkish coatings and polymers sector.
It said Gobarr had more than 25 years of experience in supplying innovative products to the paint and coatings market across Turkey.
The agreement would make Gobarr “the market's leading supplier” of graphene dispersions focussed on Turkey's industrial coatings sector.
Applied Graphene said itself and Gobarr had an exclusive agreement that would see the two companies collaborate in developing customer opportunities and introducing Applied Graphene’s proprietary ‘Genable’ graphene dispersions technology into the Turkish coatings and polymers markets.
“It is a great pleasure to be able to welcome Gobarr to our growing sales network,” said chief executive officer Adrian Potts.
“The development of a technically-capable, commercially-astute distribution network for our Genable graphene dispersion products and technology is a key strategic focus at this stage of Applied Graphene Materials’ commercialisation.
“We look forward to achieving success with the Gobarr team in the distribution of our dispersed graphene materials in the Turkish coatings and liquid resin sector.”
At 1400 GMT, shares in Applied Graphene Materials were flat at 33p.