FT article2 Feb 2018 15:30
The Versarien bit from today's FT article: One graphene-related small-cap where investor enthusiasm has not waned is Versarien. An advanced materials developer, its share price has risen more than 70 per cent already in 2018. The stock was up one-third on a single day in January alone, after Versarien said it planned to establish a graphene manufacturing centre in China that will produce and sell its proprietary �Nanene� product. Versarien will provide its intellectual property on a licensed basis as well as production know-how, while its Chinese partners will supply the factory and funding for plant and equipment. This news came shortly after the company revealed it had signed a collaboration agreement with an unnamed global textiles and apparel manufacturer. Together they will incorporate graphene in fabrics and assess its suitability in high-performance sportswear. The Aim-listed group is also collaborating on developments for aerospace components, elite sports products and power storage. Its strategy involves using revenue from mature products to support those in development. Its interim results showed a strong growth trajectory. Revenues increased by 167 per cent to �4.38m in the six months to the end of September, while losses before almost halved to �770,000. Shares in Versarien are trading at 105.5p, giving it a market capitalisation of �156.8m.