Directa Plus PLC Trading Update (3671H)
December 03 2020 - 2:00AM
UK Regulatory
TIDMDCTA
RNS Number : 3671H
Directa Plus PLC
03 December 2020
3 December 2020
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF
THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN .
Directa Plus plc
("Directa Plus" or the "Company")
Trading Update
Directa Plus (AIM: DCTA), a leading producer and supplier of
graphene nanoplatelets based products for use in consumer and
industrial markets, is pleased to provide a trading update.
Revenue expectations
The Company has made continued good progress during the second
half of 2020, with orders and agreements signed for the Company's
products and services across all verticals. Accordingly, the Board
is confident of achieving total revenues for the year ending 31
December 2020 of approximately EUR6.0 million, exceeding current
consensus market expectations.
This improvement in trading performance has been primarily
driven by the sales of G+ enhanced face masks, including Co-Masks,
which have proven very popular with both individual and corporate
customers and have generated strong demand. The strengthening
performance of Setcar, the Environmental division, has also
contributed to the improved revenue expectations for the current
year.
Intellectual Property
Directa Plus was recently granted a second patent on the
equipment used for the super-expansion of intercalated natural
graphite in the Company's core plasma technology. The new machinery
has a production capacity at least five times higher, and is much
more durable, than the Company's existing technology, resulting in
an increase in manufacturing capability and lower maintenance
costs. The grant of the new patent protects the Company's core
production process for an additional 20 years.
Directa Plus seeks to build, maintain and expand its valuable
portfolio of patents to protect key innovations and processes for
the benefit of its shareholders. The Company's patent portfolio is
currently composed of 38 patents and 24 pending patents, grouped
together in some 15 patent families - four covering the Company's
unique production process and 11 covering products and applications
for G+(R) graphene.
New Markets
Directa Plus has signed a development agreement with the Soft
Goods Division of a major international developer and manufacturer
of consumer electronics, personal computers and related services.
The agreement covers the potential application of G+(R) graphene on
covering materials of consumer devices, exploiting the
antiviral-antibacterial properties of G+(R) graphene as well as its
thermal and electrical conductivity.
The Company is continuing to work on additional opportunities in
new high potential verticals including energy storage and
paints.
Commenting on the trading outlook for Directa Plus, Giulio
Cesareo, Founder and CEO, said:
"Directa Plus is gaining momentum in each of our four key
verticals. Our strategy of building industrial partnerships in
existing markets continues to succeed; we are gaining traction and
capturing more value in each market.
"We have worked hard with all of our partners to be able to
combine our different technologies and expertise to generate mutual
advantages in product development. Indeed, the advances we have
seen recently in our work with Lithium Sulphur batteries means that
this business line has the potential to be our fifth key vertical
very quickly.
"This has been an unusual and challenging year, but we are
pleased with the growth that we have achieved and the commercial
progress we have made despite the worldwide economic uncertainty
caused by the coronavirus.
"The backbone of all our activities is to seek to operate a
model of holistic sustainability, that is "doing well by doing
good", which we define as environmental protection; people
development; and economic development. We look forward with great
anticipation to 2021 and to further future success."
This announcement has been approved by Giulio Cesareo, Chief
Executive, on behalf of the Company.
ENDS
For further information please visit
http://www.nextechbatteries.com :
Directa Plus plc +39 02 36714458
Giulio Cesareo, CEO
Marco Ferrari, CFO
Cenkos Securities plc (Nominated Adviser
and Joint Broker) +44 131 220 6939
Neil McDonald
Pete Lynch
N+1 Singer (Joint Broker) +44 20 7496 3069
Rick Thompson
Phil Davies
Tavistock (Financial PR and IR) +44 20 7920 3150
Simon Hudson
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.
About Setcar
Established in 1994, Setcar S.A. has focused since 2000 on
providing a complete range of services to solve environmental
issues in a safe and efficient way - from chemical analyses for
waste identification to the development of tailored solutions for
the waste treatment and by developing new technologies for the
remediation of contaminated sites. Setcar's offering includes the
decontamination of industrial plants and sites, soils contaminated
with petroleum products, PCBs or other contaminants and petroleum
and other hazardous waste in lagoons. The company offers its
services both onshore and offshore.
-ends-
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