(Alliance News) - Directa Plus PLC shares jumped on Monday, after it said it has signed a strategic collaboration with Spectrum Group.
Shares in the London-based graphene product maker were up 7.5% at 50.00 pence each in London on Monday about midday.
Spectrum is a US strategic advisory and government relations firm. Together, the companies will explore the potential of G+ technologies in the US defence sector.
"Spectrum will leverage its expertise and extensive network to support Directa Plus in driving its business expansion into the military technology sector. Spectrum has a comprehensive understanding of Directa Plus' G+ textile and Grafysorber technologies, and its potential and extensive applications, and is well placed to educate and gain traction within the US market," Directa said.
It added that Spectrum's customers span a "wide spectrum", including startups, Fortune 500 companies, government entities at various levels, and international organisations.
Founder & Chief Executive Giulio Cesareo said: "Our strategy is to align in personal protection and defence with key partners with a deep understanding of key vertical markets and robust networks. We see this as a platform from which to secure new business in the US. Directa Plus will leverage its track record of our established and proven products, such as Grafysorber and G+ textile applications. "
By Sophie Rose, Alliance News reporter
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Directa Plus (DCTA)