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Directa Plus PLC - London-based graphene product maker - Wins an award of a non-repayable grant of EUR136,000 from the Italian Region of Lombardy for the development of paints and coverings embedded with its G+ graphene nano-platelets. Says it has been working on the development of new technology for the coatings market for some time and has invented a granular, semi-finished G+ formulation, called Grafyshield.
Chief Executive Guilio Cesareo says: "Paints and coverings are very large global markets which we believe would be receptive to new, technology-led products. This grant from the Lombardy local government will help fund Directa Plus to develop these potentially disruptive products in a faster timeframe than we could have achieved using our own resources. Our thanks go to the Lombardy Region authorities."
Current stock price: 86.00 pence, up 3.0% on Tuesday in London
12-month change: down 46%
By Xindi Wei; xindiwei@alliancenews.com
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