Versarien PLC Japanese Graphene Order
July 08 2019 - 2:00AM
RNS Non-Regulatory
TIDMVRS
Versarien PLC
08 July 2019
8 July 2019
Versarien plc
("Versarien" or the "Company")
Japanese Graphene Order
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to announce that the Company has secured its
first graphene orders from the North American corporate research
and development centre of a Japanese headquartered company. This
customer is a global automotive components company that has
operations in over 40 countries, employing in excess of 250,000
people (the "Customer").
After initial graphene quality testing trials, the Customer, has
placed development orders for 1kg each of Versarien's high purity
graphene nano platelets ("GNP-HP") and Nanene. The Customer's
principle operations focus on leading-edge automotive materials and
process development, and the development of next-generation,
vehicle-related, information and communications technology.
Neill Ricketts, CEO of Versarien, commented: "We are very
pleased to have secured this order, our first from a Japanese
headquartered company.
"This order emphasises the importance to the Company of the
seconded employees from the Department for International Trade and
their ability to access key markets and truly global corporations.
We look forward to working with this customer to help them maximise
the benefits the addition of our graphene can bring to a number of
their products."
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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