Applied Graphene Materials announces Mike Townend to the Board as upcoming Non-Executive Director

– UK – Applied Graphene Materials plc, the producer of specialty graphene materials, is pleased to announce that Michael Charles Nettleton Townend has been appointed as a Non Executive Director, with effect from 24 November 2014.  This follows the Group’s previous announcement of 18 March 2014 when Nick Edgar of IP Group plc stepped down from the Board. 

Mike Townend, aged 50, is currently Chief Investment Officer of IP Group plc, which is Applied Graphene Materials’ largest shareholder.

Mike will also be appointed as a member of the Group’s Audit, Nomination and Remuneration Committees.

About Applied Graphene Materials

Applied Graphene Materials was founded by Professor Karl Coleman in 2010 with its operations and processes based on technology that he initially developed at Durham University.  The Group was admitted to AIM in November 2013, raising £11 million, and is based at the Wilton Site on Teesside.

The Group has developed a proprietary bottom-up process for the production of high purity graphene nanoplatelets and owns the intellectual property and know-how behind this process. Applied Graphene Materials’ process is based on sustainable, readily available raw materials and therefore does not rely on the supply of graphite, unlike a number of other graphene production techniques. It is capable of producing high purity graphene using a continuous process. Applied Graphene Materials provides dispersion and product integration expertise to deliver solutions for a wide range of applications.

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