Directa Plus PLC AGM Statement (5404C)
June 18 2019 - 2:00AM
UK Regulatory
TIDMDCTA
RNS Number : 5404C
Directa Plus PLC
18 June 2019
18 June 2019
Directa Plus plc
("Directa Plus" or the "Company")
AGM Statement
Directa Plus (AIM: DCTA), a leading producer and supplier of
graphene nanoplatelets based products for use in consumer and
industrial markets, will make the following statement at the
Company's Annual General Meeting taking place in London today.
The Company continues to make good progress on its strategy to
use its pristine graphene nanoplatelets to enhance customers'
existing products and to move up the value chain. Directa Plus
partners initially with Italian based multinationals to create
reference products before leveraging that experience to enter wider
global markets. The Company focuses on four key vertical markets:
textiles, environmental, composites and elastomers.
In textiles, workwear continues to grow with new applications,
new materials and new territories. In the luxury sector, the
Company and its key customer in the space are planning to launch
the first textile enhanced by Directa Plus's G+ technology at the
29th Milano Unica exhibition at the beginning of July. Following
the launch of a G+ enhanced denim last year, the Company is
evaluating potential new collaborations to gain increased market
presence.
In the environmental segment, the Company is planning to offer a
full decontamination service for its Grafysorber(R) pollutant
adsorber product to international oil and gas and marine markets.
Offering a full service to these markets would allow Directa Plus
to capture significant additional value for shareholders.
Finally, in composites and elastomers, the Company's asphalt
additive and retread tyres respectively are gaining considerable
market traction with important trials expected to commence or
complete this year. The asphalt additive, Ecopave, has new trial
sections of highway scheduled to be laid in the following months in
Italy, UK, USA and Oman. The testing of retread tyres on a
passenger bus in Milan is almost complete and final results are
expected by the beginning of September.
Commenting, Giulio Cesareo, Founder and CEO of Directa Plus,
said: "2019 has started well for us with our strategy continuing to
deliver and we expect to make good progress in all of our key
vertical markets. Our international footprint is expanding - the
visibility of Directa Plus and our products in the world's largest
market for graphene, the United States, has increased materially as
a result of our initiatives with the US Graphene Association. We
look forward to reporting in more detail on our progress at the
time of our half year results in September."
For further information please visit
http://www.directa-plus.com/ or contact:
Directa Plus plc +39 02 36714458
Giulio Cesareo, CEO
Marco Ferrari, CFO
Cantor Fitzgerald Europe (Nominated Adviser
and Joint Broker) +44 20 7894 7000
Rick Thompson, Philip Davies Will Goode(Corporate
Finance)
Caspar Shand Kydd (Sales)
N+1 Singer (Joint Broker) +44 20 7496 3069
Mark Taylor, Lauren Kettle
Tavistock (Financial PR and IR) +44 20 7920 3150
Simon Hudson, Barney Hayward, Edward Lee
About Directa Plus
Our focus is principally on the two sectors in which we have
strong commercial advantage through developed and launched products
and a technological lead: environmental (based on our
Grafysorber(R) product) and textiles (based on our G+ products). In
addition, we will continue to pursue opportunities in elastomers
and composites (including tyres and asphalt), also using our G+
products. All our products are hypoallergenic, non-toxic and
sustainably produced.
-ends-
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END
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