Versarien PLC Collaboration with Global Consumer Goods Company (7734W)
November 17 2017 - 2:00AM
UK Regulatory
TIDMVRS
RNS Number : 7734W
Versarien PLC
17 November 2017
17 November 2017
Versarien plc
("Versarien" or the "Company")
Collaboration with Global Consumer Goods Company
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to announce that, further to the statement in the
Company's Trading Update, released on 3 November 2017, that the
Company was in advanced negotiations with two of the world's
largest consumer goods groups, the Company has now started
collaborating with one of them (the "Partner") to enable both
groups to work together on research, development and testing of
Versarien's proprietary Nanene few layer graphene nano-platelets in
polymer structures.
The Partner has provided its first Nanene purchase order to
Versarien. The Nanene will be incorporated into polymer structures,
primarily for packaging applications, for testing and evaluation,
with a view to improving material strength, moisture control and
recyclability.
Advanced negotiations continue with a number of other
multinational companies, including in the consumer goods sector,
with a view to them collaborating with Versarien on the
commercialisation of graphene enhanced products. The Company looks
forward to making further announcements on these as
appropriate.
Neill Ricketts, CEO of Versarien, commented: "We are delighted
to be working with this new Partner, which is a global leader in a
number of consumer goods segments and whose products are household
names. It is testament to the quality of our team and our products
that we are able to take on these global high volume
opportunities.
"This latest collaboration, coupled with the others that we have
already entered into, demonstrates the very wide ranging potential
for graphene and that Versarien is rapidly establishing itself as
the go-to supplier of high quality graphene, this being the first
of a number of enquiries in packaging applications. The quality of
our graphene, coupled with our research capabilities in conjunction
with the Universities of Manchester and Cambridge gives us an
unrivalled position and is putting us at the forefront of its
commercialisation.
"Our recent fund raise is allowing us to rapidly scale up our
graphene production capabilities and we are seeing ever increasing
interest from global OEMs. We are currently showcasing our graphene
technology at the IDTechEx show in Santa Clara, California, where
we have been delighted with the interest received on the first day
of the show including many from large global companies.
"I look forward to providing further updates on our progress
during this exciting time for Versarien."
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
Enquiries:
Versarien 01242 269 122
Neill Ricketts, CEO
Chris Leigh, CFO
WH Ireland (Nominated Advisor) 0117 945 3470
Mike Coe
Ed Allsopp
IFC Advisory (Financial PR and IR) 0203 053 8671
Tim Metcalfe
Graham Herring
Heather Armstrong
About Versarien
Versarien plc (AIM:VRS), is an advanced engineering materials
group. Leveraging proprietary technology, the Group creates
innovative engineering solutions for its clients in a diverse range
of industries. Versarien has five subsidiaries operating under two
divisions:
Graphene and Plastics
2-DTech Ltd, which specialises in the supply, characterisation
and early stage development of graphene products.
www.2-dtech.com
ACC Cyroma Ltd, which specialises in the supply of vacuum-formed
and injection-moulded products to the automotive, construction,
utilities and retail industry sectors. Using Versarien's existing
graphene manufacturing capabilities, AAC will have the ability to
produce graphene-enhanced plastic products. www.aaccyroma.co.uk
Cambridge Graphene Ltd, which supplies novel inks based on
graphene and related materials, using patented processes and
develops graphene materials technology for licensing to
manufacturers. www.cambridgegraphene.com
Thermal and Hard Wear Products
Versarien Technologies Ltd. which owns the exclusive rights to a
patent-protected additive process for creating advanced
micro-porous metals targeting the thermal management industry and
manufactures extruded aluminium heat sinks for the electronics and
computing industries. www.versarien-technologies.co.uk
Total Carbide Ltd, a leading manufacturer in sintered tungsten
carbide for applications in arduous environments such as the oil
and gas industry. www.totalcarbide.com
This information is provided by RNS
The company news service from the London Stock Exchange
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