Last checked at 26 Sep 2022 07:00
Reach - Non-Regulatory
26 September 2022
Versarien plc
("Versarien" or the "Company")
BiaBrazil to utilise Versarien's Graphene-WearTM Technology
Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that BiaBrazil, a leading Brazilian sports and active wear manufacturer, has announced it has signed a commercial agreement with Versarien which will see the integration of Versarien's Graphene-Wear™ technology into a new range of women and men's active wear garments.
The companies have been working together for the past 16 months, including undertaking extensive trials with local supply chain partners in Brazil. The Graphene-Wear™ formula will enable wearers to experience enhanced thermal transmittance, increased moisture management and faster drying rates. The garments will also have the Graphene-Wear™ trademark applied. It is anticipated that further announcements will be made on launch dates in due course with garments expected to be available for sale in Q1 2023 in the UK, along with existing retailers worldwide.
In partnership with University of Gloucestershire, Versarien has subjected this new technology to extensive wearer trials. Further, the Graphene-Wear™ ink formula has been tested to international standards, resulting in the publication of a white paper all aimed at giving partners such as BiaBrazil great confidence in this innovation.
"We are hugely excited to be in partnership with BiaBrazil. Through our partnership we will be able to create garments that have been designed with comfort, style and design in mind, whilst also maintaining high levels of quality and performance with our Graphene-WearTM technology." said Versarien's CEO, Neill Ricketts.
"As an innovative sports and activewear brand, we provide clothing ranges that provide our wearers with garments that not only help them in their sports performance but also increase their self-confidence. Working with the Versarien team, we have designed a next-generation clothing range. We are excited about the next stage of our partnership as we look to production and delivery of our range to market." stated Beatriz Dockhorn, Founder and CEO BiaBrazil.
For further information please contact:
Versarien Plc | |
Neill Ricketts - Chief Executive Officer | +44 (0) 1594 887204 |
Chris Leigh - Chief Financial Officer | |
SP Angel Corporate Finance (Nominated Adviser and Joint Broker) | |
Matthew Johnson Ewan Leggat Adam Cowl | +44 (0) 20 3470 0470 |
Berenberg (Joint Broker) | |
Mark Whitmore Ciaran Walsh | +44 (0) 20 3207 7800 |
IFC Advisory Limited (Financial PR and Investor Relations) | |
Tim Metcalfe Zach Cohen | +44 (0) 20 3934 6630 |
About Versarien Plc
The strategy of Versarien Plc (AIM:VRS) is to be a globally recognised graphene company with a wide portfolio of high-quality verified materials allied to the largest relevant IP portfolio supported by its own UK based research and development centre driving recurring revenue growth through its innovative graphene product applications.
For further information please see: https://www.versarien.com
About BiaBrazil
Founded in 1994, in the city of Porto Alegre, by Beatriz Willhelm Dockhorn, BiaBrazil was created to supply a need of the market and of the founder: authentic pieces for sports that combine beauty, comfort and functionality. Just two years after its foundation, the brand was already shipping its first export order, becoming the first Brazilian micro company to export. Since then, the presence in the foreign market has only increased, and today it can be found in more than 60 countries and is the largest exporter of active wear clothing in Brazil.
For further information please see https://www.biabrazil.com