Last checked at 19 Dec 2016 07:00
19 December 2016
Versarien plc
Further Graphene Enhanced PAEK Thermoplastics Agreement
Versarien plc (AIM:VRS) ("Versarien" or the "Company"), the advanced materials group, is pleased to announce an agreement with Fern Plastic Products Ltd ("Fern Plastics") to manufacture injection moulded products using graphene enhanced polyaryletherketone (PAEK) materials.
The agreement with Fern Plastics follows the agreement with Scafell Organics Ltd ("Scafell") announced on 14 December 2016. It is intended that Versarien will utilise Fern Plastics' manufacturing facilities and expertise to produce injection moulded products using graphene enhanced PAEK materials produced through Versarien's collaboration with Scafell.
Following the agreements with Scafell and Fern Plastics, Versarien is now able to supply both graphene enhanced PAEK materials to manufacturers and also has the capability to supply finished products. It is anticipated that these graphene enhanced materials and products will be available for sale by Versarien through its sales team as well as to Scafell and Fern Plastics' customers.
Iain Graham, Managing Director of Fern Plastics, commented: "We are proud that Versarien selected Fern. Innovations in polymer materials are very seldom and this is a unique opportunity for my team to demonstrate their vast experience in plastic injection moulding and tools in driving the practical implementation of this truly remarkable technology."
Neill Ricketts, CEO of Versarien, commented: "Following our agreement with Scafell we are delighted to have reached agreement with Fern Plastics to utilise their expertise in injection moulding to provide us with the capability to produce graphene enhanced PAEK products. We are seeing a number of enquiries from potential customers and having the ability to manufacture finished products sets us apart from other graphene suppliers. We are looking forward to working with Fern Plastics to supply revolutionary products."
For further information please contact:
Versarien plc | www.versarien.com |
Neill Ricketts - Chief Executive Officer | +44 (0) 1242 269 122 |
Chris Leigh - Chief Financial Officer |
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WH Ireland (Nominated Adviser) | www.whirelandplc.com |
Mike Coe / Ed Allsopp | +44 (0) 117 945 3470 |
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IFC Advisory (Financial PR and IR) | www.investor-focus.co.uk |
Tim Metcalfe / Graham Herring / Heather Armstrong / Miles Nolan | +44 (0) 20 3053 8671 |
Notes to Editors:
PAEK Materials
PAEK materials are a family of semi-crystalline thermoplastics with high-temperature stability and high mechanical strength. They are used for a very wide variety of specialist applications, including in the automotive and aerospace industries.
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 four subsidiaries operating under two divisions:
Thermal and Hard Wear Products
Versarien Technologies Ltd. which owns the exclusive rights to a patent-protected additive process for creating advanced micro-porous metals targeting the thermal management industry and manufactures extruded aluminium heat sinks for the electronics and computing industries. 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
Graphene and Plastics
2-DTech Ltd, which specialises in the supply, characterisation and early stage development of graphene products. www.2-dtech.com
ACC 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