Versarien PLC Collaboration with Chinese Aerospace Company
December 19 2018 - 2:00AM
RNS Non-Regulatory
TIDMVRS
Versarien PLC
19 December 2018
19 December 2018
Versarien plc
("Versarien" or the "Company")
Collaboration with Chinese Aerospace Company
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to announce that it has signed a Memorandum of
Understanding ("MOU") with a large state-owned Chinese aerospace
company (the "Partner")
The Partner is, mainly engaged in the research, design,
manufacture and operation of various aerospace systems.
The MOU details the parties desire to collaborate and ultimately
enter into a strategic cooperation covering research, development
and manufacturing in order to accelerate the industrialisation and
market for graphene and other Versarien 2D materials, including
Hexotene, in the Chinese aerospace sector. This will include
exploring their uses within the fields of, amongst others,
microwave and electromagnetic radiation shielding, heat dispersion
coatings, 3D printing and flexible wearable devices.
Neill Ricketts, CEO of Versarien, commented: "We are delighted
to have reached this agreement with our latest Chinese Partner.
"The aerospace sector is at the forefront of developing advanced
materials to cope with demands for attributes such as lightness,
high strength, conductivity, temperature resistance and corrosion
resistance. We believe that the incorporation of Versarien's
graphene and other 2D materials can provide significant benefits
and we look forward to collaborating with the Partner to develop
new and innovative products.
'This agreement is the latest in a series that we have entered
into with parties in China and I would like to take this
opportunity to again thank both the Chinese and UK governments for
the support and assistance they are providing."
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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