Last checked at 23 Oct 2018 07:00
23 October 2018
Directa Plus plc
("Directa Plus" or the "Company")
Significant Textiles Order
Directa Plus (AIM: DCTA), a producer and supplier of graphene-based products for use in consumer and industrial markets, announces the receipt of two orders from an Italian workwear customer with an aggregate value for Directa Plus of approximately €500,000 over the next two financial years, demonstrating continued commercial progress in textiles, one of the Company's key markets.
Directa Plus's Planar Thermal Circuit® graphene technology will be incorporated in some 10,000 workwear garments. The first order for approximately 2,000 garments with a value for Directa Plus of €150,000 is expected to be delivered in the 2018 financial year, with the second order for approximately 8,000 garments with a value of €350,000 expected to be delivered by mid 2019.
In line with its strategy to move up the value chain, Directa Plus will supply the customer with a package including materials, technology and know-how to enable the customer to create workwear garments that are more comfortable (through enhanced temperature control) and durable, as well as being hypoallergenic and non-toxic/non-cytotoxic as a result of the Company's chemical-free production process.
Commenting on the order, Giulio Cesareo, Founder and CEO of Directa Plus, said: "This new order illustrates the commercial traction we have built in the very large workwear sector, as well as our determination to deliver significant orders in the shortest possible time from announced initial collaborations.
"Our expertise in textiles continues to grow as we help more customers launch differentiated garments based on our Planar Thermal Circuit® graphene technology. We expect further orders from existing and new customers in textiles in the next few months."
For further information please visit http://www.directa-plus.com/ or contact:
Directa Plus plc | +39 02 36714458 |
Giulio Cesareo, CEO |
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Marco Ferrari, CFO |
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Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker) | +44 20 7894 7000 |
Rick Thompson, Philip Davies (Corporate Finance) |
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Caspar Shand Kydd (Sales) |
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N+1 Singer (Joint Broker) | +44 20 7496 3069 |
Mark Taylor, Lauren Kettle |
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Tavistock (Financial PR and IR) | +44 20 7920 3150 |
Simon Hudson, Sophie Praill, Edward Lee |
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This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations
Notes
Our focus is principally on the two sectors in which we have strong commercial advantage through developed and launched products and a technological lead: environmental (based on our Grafysorber® product) and textiles (based on our G+ products). In addition, we will continue to pursue opportunities in tyres and asphalt, also using our G+ products. All our products are hypoallergenic, non-toxic and sustainably produced.
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