AGM won a funding by Tees Valley Business that will allow the expansion of its coatings capabilities.
The producer of specialty graphene nanoplatelet dispersions Applied Graphene Materials (AGM) has announced that it will implement a key component of its technology map thanks to a successfully grant application supported by the Tees Valley Business Growth Fund (TVBGF), that supports SMEs in the Tees Valley UK) to grow their business, improve productivity and stimulate local growth.
The programmes of the Growth Fund by Tees Valley Business help the expansion of regional SMEs. Through the Tees Valley Combined Authority, AGM has won around £47,500 ($65,130). The fund will allow the UK manufacturer to pursue its continuous growth and expansion of in-house capabilities in order to meet the always increasing market demands related to the graphene nanoplatelet technology.
As a matter of fact, the installation of a new paint and coatings spray booth facility at the Wilton Centre (Redcar, UK) secured by the funding will facilitate internal research and customer developments, enable the company to complete projects more efficiently and with a broader scope and also offer additional specialist training opportunities for AGM’s staff. The facility will then supplement AGM’s comprehensive coatings capabilities and rigorous testing processes and customers will have direct access to the company’s graphene dispersion expertise through its innovation accelerator programme and an end-to-end service for customer project development.
“It is brilliant that the Tees Valley Business Growth Fund is helping this innovative manufacturer to accelerate its world-leading research and development, and to create sustainable solutions for graphene use in the industrial products of the future,” stated Ben Houchen, Tees Valley Mayor. “Once again our local businesses are at the cutting edge of industry and AGM, based on the Wilton site, is the latest in a long line of firms to share good news on the ground-breaking work going on right here in Teesside, Darlington and Hartlepool.”