Last checked at 27 Mar 2018 07:00
27 March 2018
Versarien plc
("Versarien" or the "Company")
Collaboration with World Leading Aerospace Group
Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has entered into a collaboration agreement with a world leading provider of aero engines and components, including avionics, electrical power and mechanical systems for aircraft.
Versarien and this new collaboration partner have agreed to collaborate on research and development projects using Versarien's proprietary Nanene few layer graphene nano-platelets in base materials and sensory devices used in a variety of products in the aerospace and aero engineering sectors.
Neill Ricketts, CEO of Versarien, commented: "We are delighted to be working on our second major collaboration in the aerospace sector with a world leading company.
"Our high quality graphene has a variety of potential uses in the aerospace and aero engineering field. From its incorporation in structures to enhance material strength, reduce weight and improve thermal radiation properties, through to utilising the electrical conductivity properties of graphene in sensory devices, the oportunites are enormous. We will be working with this new partner across their numerous areas of expertise to maximise the benefits that graphene can bring.
"We continue to work hard with our other collaboration partners to bring graphene enhahenced products to market and continue to see substaintial interest from other companies across the world who wish to work with Versarien."
Enquiries:
Versarien Neill Ricketts, CEO Chris Leigh, CFO | 01242 269 122 |
WH Ireland (Nominated Advisor) Mike Coe Ed Allsopp | 0117 945 3470 |
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong | 0203 934 6630 |
About Versarien
Versarien plc (AIM:VRS), is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. Versarien has five subsidiaries operating under two divisions:
Graphene and Plastics
2-DTech Ltd, which specialises in the supply, characterisation and early stage development of graphene products. www.2-dtech.com
AAC Cyroma Ltd, which specialises in the supply of vacuum-formed and injection-moulded products to the automotive, construction, utilities and retail industry sectors. Using Versarien's existing graphene manufacturing capabilities, AAC will have the ability to produce graphene-enhanced plastic products. www.aaccyroma.co.uk
Cambridge Graphene Ltd, which supplies novel inks based on graphene and related materials, using patented processes and develops graphene materials technology for licensing to manufacturers. www.cambridgegraphene.com
Thermal and Hard Wear Products
Versarien Technologies Ltd. which has developed an additive process for creating advanced micro-porous metals targeting the thermal management industry and supplies extruded aluminium. www.versarien-technologies.co.uk
Total Carbide Ltd, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry. www.totalcarbide.com