Applied Graphene Materials (AGM) announced it has signed a distribution agreement with CAME Srl, Italy, a leading international chemical distribution business. The agreement extends AGM's commercial reach directly into the Italian coatings and chemicals sectors. CAME, based in Milan, also represents a wide range of international supply partners throughout Europe and the Middle East. Its customer base includes many organisations in the coatings, adhesives and lubricants markets, making it an ideal distribution partner for AGM in the Italian market within its key target sectors.
AGM and CAME have been engaged in early market development over the last 18 months and the agreement represents a major commitment from both companies to exploit AGM's exciting graphene technology.
Adrian Potts, AGM CEO commented:
"It is an absolute priority for AGM to maximise its global exploitation plans. We are pleased with growing industry recognition of the benefits of our Genable® graphene dispersion technologies. These are proving to be ideally suited to anti-corrosion and barrier performance in coatings and are generating increasing commercial traction in the sector. We are gaining significant momentum in Italy with a growing number of target accounts. Complementary to this is our strategy of establishing a highly credible and technically reactive distribution network to effectively broaden our sales footprint. CAME are ideal partners for AGM and having worked with them over recent months, we are confident they will provide an excellent route to market for AGM products."
Verena Cepparulo, CAME Managing Director:
"We have followed the development of AGM's Genable® dispersion technology and see its great potential, particularly in the area of anti-corrosion performance. AGM has demonstrated they now have a strong product base, supported by a highly experienced and skilled technical support team, and we are very excited by the opportunity to be part of their ambitious growth plans. We have already undertaken our own market research and see significant potential within the Italian market".