Last checked at 24 Aug 2018 07:00
Versarien plc
("Versarien" or the "Company")
Construction Materials Collaboration
Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has signed an agreement with AECOM, a fully integrated global infrastructure firm.
Versarien and AECOM, a US headquartered and Fortune 500 company, which is involved with multiple projects globally, will initially be working on a project involving the incorporation of Versarien's proprietary Nanene few layer graphene nano-platelets into large- scale polymer structures used in civil infrastructure projects, with a view to increasing their structural strength.
Neill Ricketts, CEO of Versarien, commented: "We are very pleased to have entered into this latest graphene application collaboration agreement, the first where our graphene will be incorporated into a large scale structure for use in construction. Should this collaboration progress as we hope the potential for Versarien is considerable, as the volumes of graphene that will be required are significantly larger than for many other applications given the scale of the structures being produced.
"Our existing collaborations continue to progress and I look forward to providing further updates in due course, together with announcing others that are currently in discussion."
This announcement includes 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.
Enquiries:
Versarien Neill Ricketts, CEO Chris Leigh, CFO | 01242 269 122 |
Arden Partners (Nominated Adviser and Broker) Chris Hardie Dan Gee-Summons | 020 7614 5900 |
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong | 020 3934 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 Limited, 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 Limited, supplies novel inks based on graphene and related materials, using patented processes to develop graphene materials technology.
www.cambridgegraphene.com
Hard Wear and Metallic Products
Versarien Technologies Limited 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 Limited, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry. www.totalcarbide.com