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(Sharecast News) - Versarien on Wednesday received approval for a €350,000 grant from the Graphene Flagship after being selected to participate in an Airbus-led project.
The project will focus on graphene enhanced thermoelectric ice protection systems that can counter the accumulation of ice on the surface of planes, an issue that can affect a pilot's ability to maintain control of their aircraft.
The Graphene Flagship is a European Commission funded research initiative aimed at accelerating the timeline for industry acceptance of graphene technologies.
Chief executive Neill Ricketts said: "We are very pleased to be working with Airbus on this key Graphene Flagship project and to be receiving funding from the Graphene Flagship to facilitate it. This is another example of Versarien's graphene technology being deployed in the aerospace sector, one where it has the potential to add significant value.
"We look forward to starting work on this project in the New Year and reporting on its progress and those of our many other commercialisation projects in due course."
Versarien shares were up by 0.97% at 91.88p at 1249 GMT.
11 Mar 2016 07:43