Versarien PLC Superdry partners with Versarien
November 16 2021 - 7:31AM
RNS Non-Regulatory
TIDMVRS
Versarien PLC
16 November 2021
Reach - Non-Regulatory
16 November 2021
Versarien plc
("Versarien" or the "Company")
Superdry pioneers production of enhanced garments with new
partner Versarien
Versarien Plc (AIM:VRS), the advanced engineering materials
group, is pleased to announce the public launch of the Company's
commercial collaboration agreement with DKH Retail Limited, the
worldwide wholesale distribution subsidiary of Superdry plc
("Superdry"). Superdry has announced today its partnership with
Versarien to pioneer the production of graphene-enhanced garments,
using Versarien's GRAPHENE-WEAR(TM) technology, with a view to
importing graphene's thermal and moisture management properties
into its garments.
Superdry has stated that it believes using Versarien's
innovative graphene technology will result in product lines with
improved performance and extended product lifespan, with lower
environmental impact in their creation, whilst also reducing the
need to add any virgin material during recycling . Superdry
believes having access to Versarien's scientists and laboratories
in Manchester and Cambridge will accelerate the brand's innovation
platform, enabling Superdry and Versarien to create garments unlike
any others on the market.
The garments that are being developed will exploit the thermal
regulatory properties of Versarien's GRAPHENE-WEAR(TM) , creating a
premium range of products adapted and designed to be highly
technical and innovative. Control over thermal transmittance and
regulation is intended to help the body manage its temperature,
particularly in extreme climates and circumstances when the body is
under stress. The strength of graphene is another area that is
intended to improve the functionality of the garments, allowing for
garments that will last longer with little fibre failure,
increasing the number of wears and washes per garment, supporting
Superdry's commitment to sustainability.
Commenting, Neill Ricketts, CEO of Versarien, said: "We are
delighted that Superdry has publicly announced our collaboration.
Since we started working with Superdry we have developed a number
of sample garments and its decision to announce the collaboration
and the future launch of the products we are developing together
is, I believe, testament to the benefits they see in utilising
Versarien's graphene technology. We look forward to continuing to
work with Superdry to bring these innovative garment ranges to the
market as soon as possible."
For further information please contact:
Versarien
Neill Ricketts, CEO
Chris Leigh, CFO +44 (0) 1594 887204
SP Angel Corporate Finance (Nominated
Adviser and Joint Broker)
Matthew Johnson, Ewan Leggat, Adam
Cowl +44 (0)20 3470 0470
Berenberg (Joint Broker)
Mark Whitmore, Ciaran Walsh +44 (0)20 3207 7800
Yellow Jersey (Investor Relations)
Charles Goodwin
Henry Wilkinson
Versarien@yellowjerseypr.com +44 (0)20 3004 9512
Notes to Editors:
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.
For further information please see: http://www.versarien.com
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