Last checked at 14 Jun 2016 07:00
14 June 2016
Versarien plc
("Versarien" or the "Company")
Graphene enhanced carbon fibre collaboration with Absolute Engineering
Versarien plc (AIM: VRS), the AIM quoted advanced engineering materials group, is pleased to announce, that it has entered into a Memorandum of Understanding ("MOU") with Absolute Engineering Ltd to develop novel technologies for the printing industry, including graphene enhanced composites.
Antony Whiteside, Managing Director of Absolute Engineering, commented: "Our work with Versarien will allow us to develop a whole new generation of equipment with market leading material properties and performance levels. The unique combination of Absolute's position as the world's leading supplier of carbon fibre inking systems and Versarien's protected graphene technology, will rapidly move this venture forward and produce a range of innovative products that will disrupt the current flexoprinting market."
Neill Ricketts, CEO of Versarien plc commented: "We are delighted to have entered into a collaboration with Absolute Engineering, a company at the forefront of carbon fibre technology for the printing industry. This is another example of the significant commercial interest we are seeing in our graphene technology and how it is rapidly moving from the lab to real world applications, positioning Versarien as the leading graphene supplier to industry in the UK."
For further information please contact:
Versarien plc | www.versarien.com |
Neill Ricketts - Chief Executive Officer | +44 (0) 1594 888 622 |
Chris Leigh - Chief Financial Officer | |
WH Ireland (Nominated Adviser) | www.wh-ireland.co.uk |
John Wakefield / Ed Allsopp | +44 (0) 117 945 3470 |
IFC Advisory (Financial PR and IR) | www.investor-focus.co.uk |
Tim Metcalfe / Graham Herring / Heather Armstrong | +44 (0) 20 3053 8671 |
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. Versarien has three subsidiaries:
Versarien Technologies Ltd 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
2-DTech Ltd., which specialises in the supply, characterisation and early stage development of graphene products. www.2-dtech.com
About Absolute Engineering
Established in 2000 and part of US based Pamarco since 2013, a natural innovator, Absolute is credited with producing the world's first carbon fibre woven inking system and now trades worldwide, with over 85% of the output exported to the most sophisticated markets and the most advanced machinery suppliers in the corrugated, tissue and flexible packaging sectors. Specified as standard for many major integrated packaging groups worldwide the company continues to grow and innovate to develop unique equipment solutions for its established customer base.