TIDMVRS
Versarien PLC
23 April 2020
23 April 2020
Versarien plc
("Versarien", the "Company" or the "Group")
Rolls-Royce chooses to partner with GEIC and 2-DTech
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to announce that, following an open innovation
call, multinational engineering company Rolls-Royce has selected to
work with The University of Manchester's Graphene Engineering
Innovation Centre ("GEIC") and its Tier 1 partner, Versarien
subsidiary, 2-DTech Limited ("2-DTech").
The initial programme of work will use the state-of-the-art
chemical vapour deposition (CVD) equipment located within the GEIC.
The collaboration will look to explore, understand and create
technological advances surrounding the use of graphene and other 2D
materials used in wiring for next-generation aerospace engine
systems.
The work conducted will seek to use the unique properties of
these 2D materials to reduce the weight of electrical components,
improve electrical performance and also increase resistance to
corrosion of components in future engine systems.
The programme aims to present potential economic benefits,
through the possibility of significant cost reductions, and global
environmental benefits, through the reduction of energy use and
lower emissions from electrification.
Neill Ricketts , Chief Executive of Versarien commented:
"The pursuit of sustainability has become an important goal for
many companies in recent years. Rolls-Royce is one of the world's
leading industrial technology companies and today, the size and
impact of the markets its serves makes this task more urgent than
ever. Taking advantage of advanced materials such as graphene, has
the potential to revolutionise these markets and add real
benefit.
" The partnership with Rolls-Royce i s a significant endorsement
to 2-DTech's work over the years and we are delighted it has been
chosen by such a renowned business and look forward to working
together."
Dr Al Lambourne , Materials Specialist at Rolls - Royce,
commented:
" Partnering with the GEIC and its members makes perfect sense
to Rolls-Royce as we explore the opportunities and properties of a
new class of 2D materials. Using the unique capabilities of 2-DTech
and the GEIC we hope to address some of the challenges facing
materials in the global aerospace industry , as we pioneer the
electrification of future aircraft . "
James Baker, Graphene@Manchester CEO, commented:
"The GEIC is intended to act as an accelerator for graphene
commercialisation, market penetration and in the creation of the
material supply chain of graphene and 2D materials. It's great to
see a company like Rolls-Royce partner with us and our other Tier 1
member, 2-DTech, to capitalise on our world-leading expertise and
experience, along with specialist equipment, which will accelerate
the product and process development and market entry."
Enquiries:
Versarien
Neill Ricketts, CEO +44 (0)1242 269
Chris Leigh, CFO 122
SP Angel Corporate Finance (Nominated Adviser
and Joint Broker) +44 (0)20 3470
Ewan Leggat, Soltan Tagiev 0470
Berenberg (Joint Broker) +44 (0)20 3207
Mark Whitmore, Simon Cardron 7800
Yellow Jersey (Investor Relations)
Charles Goodwin
Georgia Colkin +44 (0)20 3004
Henry Wilkinson 9512
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 active 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
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
NRASEUFIEESSEIL
(END) Dow Jones Newswires
April 23, 2020 02:00 ET (06:00 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