Versarien PLC AECOM Collaboration Update
December 06 2018 - 2:01AM
RNS Non-Regulatory
TIDMVRS
Versarien PLC
06 December 2018
6 December 2018
Versarien plc
("Versarien" or the "Company")
AECOM Collaboration Update
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to announce that it has signed a supply agreement
to provide Versarien's new graphene enhanced polymer range to AECOM
for a current infrastructure project.
This supply agreement follows the collaboration the Company
entered into with AECOM, a US headquartered and Fortune 500
company, announced on 24 August 2018. This collaboration covered a
project that AECOM and Versarien have been undertaking involving
the incorporation of Versarien's graphene nano-platelets into large
scale polymer structures used in civil infrastructure projects,
with a view to increasing their structural strength.
AECOM have confirmed the first Statement of Work ("SOW") from
the supply agreement which includes the supply of 50 kg of
Versarien's graphene enhanced polymer material to be delivered in
early December 2018, with a further SOW expected to cover the
delivery of 200 kg in early January 2019. These quantities will be
used for final testing of the structures and upon successful
completion of final tests, the companies expect to make further
announcements in Q1 2019.
Neill Ricketts, CEO of Versarien, commented: "We are delighted
that our collaboration with AECOM has progressed as we had
anticipated.
"This application has significant potential for Versarien, as
the volumes of graphene that are required in these types of
structure are significantly larger than for many other applications
given the scale of the structures being produced.
"We look forward to continuing to work with AECOM on the final
phases of testing and look forward to making further announcements
on this project in the New Year."
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRAEAPASEAEPFFF
(END) Dow Jones Newswires
December 06, 2018 02:01 ET (07:01 GMT)
Versarien (LSE:VRS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Versarien (LSE:VRS)
Historical Stock Chart
From Jul 2023 to Jul 2024