Universal Matter to acquire AGMs main operating businesses
Universal Matter UK Limited, a wholly owned subsidiary of Universal Matter Inc., has agreed to acquire all shares of Applied Graphene Materials UK Limited (“AGM UK”) and Applied Graphene Materials LLC (“AGM US”), the main operating subsidiaries of Applied Graphene Materials.
Universal Matter Inc. (UMI), a privately held Canadian Corporation, was formed in July 2019. UMI is a company focusing on advanced materials and seeking to create strong circular economies by upcycling a range of carbon-based materials, including waste streams, to manufacture and supply high quality and sustainable turbostratic graphene (TG).
Innovation Centres
The company operates its Innovation Centres in Mississauga (Ontario) and Houston (Texas); the company has recently acquired a 18,000 square foot building in Burlington (Ontario) for housing its Demonstration Plant. The Demonstration Plant is expected to be operational in the 3rd quarter of 2023 with a nameplate capacity of ~1t/day at full utilisation.
