TIDMVRS
Versarien PLC
10 May 2022
Reach - non-regulatory announcement
10 May 2022
Versarien Plc
("Versarien", or the "Company")
Umbro to Utilise Versarien's Graphene-Wear(TM) Technology
Versarien Plc (AIM: VRS), the advanced engineering materials
group, is pleased to announce that global sportswear brand Umbro
will integrate Versarien's Graphene-Wear(TM) technology into its
Elite Pro-Training Kit range, initially for the 2023 spring/summer
collection.
Versarien has been working on several projects with Umbro since
2018 and this is the first to lead to products being launched.
Versarien's Graphene-Wear(TM) ink formula will be printed on the
inside of the new Elite Pro-Training Kit garments. The
Graphene-Wear(TM) formula features novel properties that will allow
wearers to experience enhanced thermal transmittance, increased
moisture management, with improved drying rate, without
compromising air or water vapor permeability. The garments will
also have Versarien's Graphene-Wear(TM) trademark applied.
In developing the Graphene-Wear(TM) technology, Versarien has
invested in extensive wearer trials in partnership with The
University of Gloucester, product testing to international
standards with a recognised testing house and the publication of a
white paper, all aimed at giving the Company's partners, such as
Umbro, confidence in the technology.
The Company looks forward to providing further updates in due
course as Umbro's new Elite Pro-Training Kit range is rolled
out.
Colin Lomas, Head of Global Product for Umbro, commented: "As a
brand, we are dedicated to constantly pushing the boundaries of our
product innovation. In the nearly 100 years since Umbro was
founded, we have created many world-firsts, such as the
introduction of Sportswool and X-Static on football kits in the
early 2000s or more recently the use of ProWeave on football boots.
This is another major step forward for us and we are pleased that
after a long experimentation phase with Versarien, we can now
introduce this innovation."
Commenting, Versarien's CEO, Neill Ricketts, said:
"Graphene-Wear(TM) is a novel technology with benefits for the
wearer in terms of performance and comfort. This technology was
developed in Manchester, which is also the home of Umbro. We are
very excited to work with a brand with Umbro's deep-running
experience in performance products and we look forward to the
products going on sale to consumers."
For further information please contact:
Versarien Plc
Neill Ricketts - Chief Executive Officer +44 (0) 1594 887204
Chris Leigh - Chief Financial Officer
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
IFC Advisory Limited (Financial PR and Investor
Relations)
Tim Metcalfe
Zach Cohen +44 (0) 20 3934 6630
About Versarien
The strategy of Versarien Plc (AIM:VRS) is to be a globally
recognised graphene company with a wide portfolio of high-quality
verified materials allied to the largest relevant IP portfolio
supported by its own UK based research and development centre
driving recurring revenue growth through its innovative graphene
product applications.
For further information please see: http://www.versarien.com
About Umbro
Wherever there is Football, there is Umbro - since 1924. Founder
Harold Humphreys believed that if you look smart, you play smart.
He believed that products crafted with style and true insight gave
Umbro athletes a competitive advantage. It's a principle Umbro
still celebrates today.
Confidence in yourself and the product you are wearing is the
ultimate performance booster. For this reason, the design of
Umbro's collections is never just about the look, everything has
been applied for a reason, blending insight and innovation with
style and experience gained over many decades. With this in mind,
Umbro create apparel, footwear and equipment for lovers of the
game, from pro to grass roots players, from fans to those inspired
by Football Culture.
More than 120 teams around the world choose Umbro for their
unique passion and understanding of the game. Teams include: West
Ham United, Brentford, Burnley (English Premier League); FC Schalke
04, Werder Bremen, Dynamo Dresden (German Bundesliga); Rayo
Vallecano (La Liga); Stade de Reims (French Ligue 1); Heart of
Midlothian (Scottish Premiership); Club Atlético Rosario Central
(Argentinean Primera Division); Santos, Grêmio, Fluminense, Club
Athletico Paranaense, Sport Club do Recife and Chapecoense
(Brazilian Série A); América de Cali S. A. (Colombian Primera A);
Nacional (Uruguayan Primera División); Herediano (Costa Rican Liga
FPD); Gamba Osaka (Japanese J1); Seongnam FC (South Korea); Al Ahly
SC (Egyptian Premier League); National teams - Benin, Botswana, El
Salvador, Eswatini, Guatemala, Jamaica, Lesotho, Iraq, Namibia,
Republic of Ireland, Sierra Leone, Uganda, Zimbabwe.
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