RE: .26 Sep 2018 22:49
First manufacturer to use Directa’s products
Vittoria was the first manufacturer to use Directa’s products, firstly in a carbon fibre wheel, and then in “intelligent” bicycle tyres.
These stay very hard when rolling, but soft when braking, and were used at the Rio Olympics, where cyclists won four medals using them.
Last December Directa Plus an order to supply 250 kilos of G+ for incorporation into Vittoria's range of graphene-enhanced bicycle tyres and wheels.
Further revenue growth expected in 2018
Directa Plus turned to revenue growth in 2017 with total income rising by more than 50% to €1.23mln, compared to €0.82mln a year earlier.
The underlying loss (LBITDA) for the year narrowed to €3.16mln compared with €3.67mln loss for 2016, primarily due to increased income and lower bad debt expenses.
The company’s decision to focus on fulfilling near-term opportunities in the smart textiles and environmental markets last year paid off with its active customer list more than doubling to 35 from 16 in 2016.
The group expects to generate increased revenues from these active clients in 2018.
In an annual general meeting statement in June, chairman Sir Peter Middleton said: “We have a strong pipeline of opportunities for near-term commercial progress and continue to broaden our portfolio of patents with two granted in 2018 covering our non-toxic flame ******ancy composition for the textiles market and our new graphene-based solution for enhancing the performance of tyres, which were awarded by the US and Italian patent offices respectively.”
He added: "With more and more customers preparing to launch products incorporating G+, we remain confident of securing future orders and delivering significant progress in full-year 2018 and beyond,” he told shareholders at the annual meeting."
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