Versarien signs further two-year supply deal with Montana Quimica

(Alliance News) - Versarien PLC on Monday said it has signed a two-year deal for the supply of its proprietary graphene and related material dispersions formulations, sold as Graphinks, to Montana Quimica LTDA.

The Gloucestershire, England-based advanced materials engineering group said the deal was further to the manufacturing licence, know-how licence and technical assistance deal agreed with Montana in March 2024.

Montana is a Brazil-headquartered firm focused on the production and sale of paints, wood preservatives and other wood finishing products, including paints, stains and varnishes.

Revenue received by Versarien under the new deal will be in addition to its existing royalty agreement with Montana, which provides an amount equal to 5% of the total sales revenue from products manufactured with Versarien's intellectual property and know-how. This will include minimum royalty payouts of GBP25,000 a year.

"We are delighted to be deepening our partnership with Montana through this supply agreement," said Chief Executive Officer Stephen Hodge.

"The supply agreement follows the close relationship Versarien has developed with Montana and their establishment of SOMA, their advanced materials business unit, in November 2024. We look forward to further progressing the collaboration, including welcoming representatives of Montana's business development team to the UK in May 2025."

Shares in Versarien were up 6.3% at 0.034 pence in London on Monday afternoon.

By Emily Parsons, Alliance News reporter

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