Versarien PLC Costain Civil Engineering Project
March 06 2023 - 2:00AM
RNS Non-Regulatory
TIDMVRS
Versarien PLC
06 March 2023
Reach - Non-Regulatory
6 March 2023
Versarien plc
("Versarien" or the "Company")
Costain Civil Engineering Project
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to announce the completion of the construction
phase of a civil engineering project being undertaken by the
Company with a subsidiary of Costain Group plc ("Costain").
Versarien has been working with Costain to develop designs for,
and bring into production, a 3D printed concrete headwall for use
in highway construction projects, part of the Digital Roads of the
Future Partnership, a collaboration led by the University of
Cambridge, Costain and National Highways, of which Versarien is a
partner.
Traditionally, these headwall structures have been made from
precast concrete, utilising extensive steel reinforcement, and with
limitations on the shape of structure that can be precast.
Utilising Versarien's technical expertise and an AACM (alkali
activated cementitious material), printed using the latest 3D
printing technologies, the Company has worked with Costain to
create a curved form headwall that is naturally strong and
therefore does not need the same reinforcement. This approach has
enabled steel to be entirely removed from the walls of the
structure.
During the 3D printing process, a series of sensors have been
installed in the structure according to a scheme provided by a team
from Cambridge University, who are working on the National Highways
Digital Roads initiative. This sensor data includes temperature and
movement from the point of printing all the way to the structure's
performance on site. The constructed headwall is due for delivery
and installation on one of Costain's projects for National Highways
shortly.
Neill Ricketts, Chief Executive Officer of Versarien, said: "We
are delighted to have partnered with Costain to produce this
innovative structure that we believe provides significant benefits
over those produced using traditional manufacturing techniques. In
utilising Versarien's materials engineering expertise and
understanding of the latest techniques, we have highlighted how new
technologies can be employed to provide a solution to improve
product performance, lower cost and reduce the carbon footprint. We
believe this represents the first use of 3D construction on a
National Highways project and we look forward to the headwall being
installed, demonstrating the viability and attractiveness of using
this technology and Versarien's know-how on future projects."
For further information please contact:
Versarien Plc
Neill Ricketts - Chief Executive Officer +44 (0) 1594 887204
Chris Leigh - Chief Financial Officer
Stephen Hodge - Chief Technology Officer
SP Angel Corporate Finance (Nominated Adviser and Joint Broker)
Matthew Johnson, 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 Plc
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: https://www.versarien.com
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