A TEESSIDE company that processes "wonder material" graphene is more than doubling its workforce - after raising Pounds 11m on the stock market. Shares for Wilton Centre-based
Now the company will use that injection of finance to grow its lab and office space - and increase its staff from 10 to 25 with high-spec roles for scientists, engineers, business developers and production operatives.
It's extremely thin and lightweight but also strong and transparent, and is already being developed for use in a variety of ways from electronics and new types of solar panels to body armour, non-stick pan coatings and flexible touchscreen displays for mobile devices.
AGM's process is "proprietary, scalable and cost-efficient" bosses say - and it's already working with the likes of Dyson and Proctor & Gamble on commercial uses for the material.
We have seen considerable interest from blue-chip businesses which have recognised the advantages of our production process, enabling us to continuously produce graphene cost efficiently on a commercial scale.
Wilton Centre site director
"We are very proud to have been able to support the group as it has expanded from its beginnings with a few employees, to becoming a business that requires multiple laboratories and office space." AGM has been based at Wilton for two years and wants to capitalise on forecasts for demand for graphene to increase tenfold from 40 tonnes to 400 tonnes, with market growth for graphene products due to hit
A TEESSIDE company that processes "wonder material" graphene is more than doubling its workforce - after raising Pounds 11m on the stock market.
Shares for Wilton Centre-based