Versarien PLC Further Chinese Aerospace Collaboration (1979S)
March 07 2019 - 6:42AM
UK Regulatory
TIDMVRS
RNS Number : 1979S
Versarien PLC
07 March 2019
7 March 2019
Versarien plc
("Versarien" or the "Company")
Further Collaboration with a 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 second large state-owned Chinese
aerospace company (the "Partner"). This is in addition to the MOU
entered into with another large state-owned Chinese aerospace
company, as announced on 19 December 2018.
The Partner is engaged in the research, design and manufacture
of various materials and systems used in the aerospace sector.
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 Versarien's graphene in the Chinese aerospace sector and
other sectors utilising similar materials and technology. This will
include exploring the use of graphene within the areas of, amongst
others, film materials and sensors.
Neill Ricketts, CEO of Versarien, commented: "We are very
pleased to have entered into this agreement with another of the
large Chinese aerospace companies.
"This partnership is complementary to the others we have entered
into in the aerospace sector, both in China and elsewhere. It will
be focussed on developing additional innovative products
incorporating Versarien's graphene, leveraging the world class
research and development capabilities of this Partner.
"This agreement is further demonstration of the progress we are
making in China and I look forward to providing further updates in
due course on both our activities in China and our collaborations
globally."
Enquiries:
Versarien
Neill Ricketts, CEO
Chris Leigh, CFO +44 (0)1242 269 122
Canaccord Genuity (Nominated
Adviser and Broker)
Bobbie Hilliam
Emma Gabriel +44 (0)20 7523 8000
IFC Advisory (Financial PR
and IR)
Tim Metcalfe
Graham Herring
Heather Armstrong +44(0)20 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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