Last checked at 22 Feb 2022 07:00
Reach - Non-Regulatory
22 February 2022
Versarien Plc
("Versarien" or the "Company")
Flux Footwear to launch shoe enhanced by Versarien's graphene technology
Versarien (AIM: VRS), the advanced materials engineering group, is pleased to announce that, following a collaboration with US-based Flux Footwear LLC ("Flux"), an adaptive footwear company, the Company will be supplying graphene enhanced elastomers to Flux to bring an improved model of Flux's 'Adapt' shoe, the 'AdaptMid', to market.
Under the terms of the partnership, the 'Adapt' barefoot athleisure model has been enhanced with Versarien's Graphene-Wear™ technology, following research and testing to improve the rubber outsole, augmenting the shoe's mechanical and physical properties. The new model, the 'AdaptMid', provides greater durability through improved abrasion resistance whilst maintaining the shoe's traction characteristics.
Flux will be launching the 'AdaptMid' model in Autumn/Winter 2022. Ahead of the launch, a limited number of shoes can be pre-ordered in the UK directly through the Versarien products website via the following link: www.versarienproducts.co.uk.
This technology has been developed by the Company's in-house technology teams at University of Manchester and University of Cambridge as part of the GSCALE project and has the potential for multiple elastomer projects.
Neill Ricketts, CEO of Versarien, commented:
"I am delighted to announce the pre-launch of Flux's 'AdaptMid' shoe, enhanced by Versarien's Graphene-Wear™ technology, our first footwear product to market. As more products enhanced using Versarien technology are coming to market, there is now a definite shift within the Company towards commercialisation.
"It is great that our supporters are able to pre-order via our Versarien products website ahead of the full launch by Flux later in the year."
Enquiries:
Versarien Neill Ricketts, CEO Chris Leigh, CFO | +44 (0)1594 887204 |
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 |
Yellow Jersey (Investor Relations) Charles Goodwin Henry Wilkinson Versarien@yellowjerseypr.com | +44 (0)20 3004 9512 |
Notes to Editors:
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.
For further information please see: http://www.versarien.com
About Flux
Flux LLC was founded in 2020 to create adaptive shoes that that move with rather than against foot movement, by utilising low profile floating cushion pods and tread that contours to the foot.
For further information please see: https://fluxfootwear.com