Versarien PLC MOU with China Railway
December 05 2018 - 2:01AM
RNS Non-Regulatory
TIDMVRS
Versarien PLC
05 December 2018
5 December 2018
Versarien plc
("Versarien" or the "Company")
MOU with China Railway
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to announce that it has signed a Memorandum of
Understanding ("MOU") with China Tiesiju Civil Engineering Group Co
Ltd. ("CTCE"), a subsidiary of China Railway Group Limited
("CRG").
CRG is one of the world's largest construction and engineering
contractors and is listed on the Shanghai and Hong Kong Stock
Exchanges. CTCE is specifically focused on railway, bridge, tunnel
and highway infrastructure engineering and has over 23,000
employees. It is active in China and overseas, including in Asia,
Africa, Latin America and the Middle East.
The cooperation between the parties is intended to explore the
applications for graphene specific to CTCE's needs and the options
to jointly establish manufacturing capability in China for graphene
enhanced products. It will also include the research and
development of applications for graphene within, but not limited
to, the following areas:
-- Anticorrosive and fireproof coatings for the protection of engineering structures;
-- Heat conductive and heating materials for the temperature control of structures;
-- Sensors for the mechanical monitoring of engineering structures;
-- Special engineering plastics;
-- Special engineering rubber; and
-- Asphalt for road asphalt mixtures.
Subject to the satisfactory completion of negotiations it is
envisaged that CTCE will provide funding for any manufacturing
venture in a structure to be agreed.
Neill Ricketts, CEO of Versarien, commented: "We are delighted
to have entered into this MOU with a subsidiary of one of the
world's largest construction and engineering contractors.
"This relationship with CTCE is complimentary to those we have
already entered into in China and others that we are in discussions
with. We have a strategy to develop a number of relationships with
industry leading partners in China across the wide variety of
sectors where the application of graphene can prove beneficial.
"I look forward to reporting on progress with our ever growing
number of collaboration partners and entering into further
relationships to aid the commercialisation of Versarien's
graphene."
Enquiries:
Versarien
Neill Ricketts, CEO
Chris Leigh, CFO 01242 269 122
Arden Partners (Nominated Adviser and Broker)
John Llewellyn-Lloyd
Dan Gee-Summons 020 7614 5900
IFC Advisory (Financial PR and IR)
Tim Metcalfe
Graham Herring
Heather Armstrong 020 3934 6630
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 six 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
AAC Cyroma Limited, 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 Limited, supplies novel inks based on
graphene and related materials, using patented processes to develop
graphene materials technology.
www.cambridgegraphene.com
Gnanomat S.L. ("GNA"), based in the Parque Cientifico Madrid,
Spain, is a company capable of utilising Versarien's graphene
products in an environmentally friendly, scalable production
process for energy storage devices that offer high power density,
almost instant recharging and very long lifetimes for use in
electrical vehicles and portable electronics products.
www.gnanomat.com
Hard Wear and Metallic Products
Versarien Technologies Limited has developed an additive process
for creating advanced micro-porous metals targeting the thermal
management industry and supplies extruded aluminium.
www.versarien-technologies.co.uk
Total Carbide Limited, a leading manufacturer in sintered
tungsten carbide for applications in arduous environments such as
the oil and gas industry. www.totalcarbide.com
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END
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