Versarien PLC US Update (3867A)
January 21 2020 - 2:01AM
UK Regulatory
TIDMVRS
RNS Number : 3867A
Versarien PLC
21 January 2020
21 January 2020
Versarien plc
("Versarien" or the "Company" or the "Group")
US Update
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to provide an update on its US graphene
operations.
The Company continues to make progress with current and
potential partners in the US. As announced on 27 June 2019, the
Company appointed Brian Berney as President of North American
Operations at Versarien Graphene Inc., reporting to Neill Ricketts,
CEO of Versarien. Since then the Company has continued to enter
into confidentiality agreements with potential partners to examine
collaborations and develop trials in the region, including in
particular, with a global tyre manufacturer.
Versarien has strengthened its US profile by attending two trade
missions in Q4 2019, supported by the UK government. In October
2019, Versarien attended the UK Supplier Showcase in Wichita, in
conjunction with Spirit AeroSystems, and in December 2019 the
Company was part of Innovate UK's Global Business Innovation
Programme to Boston, which focused on graphene applications and
technology in the electronics, composites and energy sectors.
Versarien Graphene, Inc. has a serviced office location. Brian
Berney, who is the only full-time employee in the US, is supported
by the UK Company team, including from within the Company's
laboratory facilities at the Graphene Engineering Innovation Centre
in the UK. The Company also has access to third party laboratory
facilities in Texas, which are utilised on a flexible basis and
only as required. This strategy is in line with the Group's
approach to keep cost to a minimum and utilise customer's R&D
facilities, where possible, as well as the Company's R&D
expertise and available facilities in the UK.
Enquiries:
Versarien
Neill Ricketts, CEO
Chris Leigh, CFO +44 (0)1242 269 122
Canaccord Genuity (Nominated
Adviser and Broker)
Bobbie Hilliam +44 (0)20 7523 8000
IFC Advisory (Financial PR
and IR)
Tim Metcalfe
Graham Herring +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 seven subsidiaries operating under two
divisions:
Graphene and Plastics
2-DTech Ltd, which specialises in the supply, characterisation
and early stage development of graphene products. 2-DTech is based
at the Graphene Innovation Engineering Centre, a GBP60 million
facility set up to work in collaboration with industry partners to
create, test and optimise new concepts for the delivery of graphene
to the market. 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 has
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,
fast recharging and very long lifetimes for use in electrical
vehicles and portable electronics products. www.gnanomat.com
Versarien Graphene Inc - based in Texas, is the recently
incorporated sales business for the UK's graphene products.
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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