Last checked at 9 Nov 2016 10:00
9 November 2016
Versarien plc
Investor site visit presentations
Versarien plc (AIM:VRS) ("Versarien" or the "Company"), the advanced materials group, is pleased to be hosting a site visit to its newly acquired facility at AAC Cyroma in Banbury, Oxfordshire, for investors today.
At the event Versarien management will be discussing the results of the recently completed graphene enhanced carbon fibre composite project with the National Graphene Institute ("NGI") at The University of Manchester, announced on 13 October 2016. This project produced quantifiable data demonstrating the improvements in the mechanical properties of carbon fibre that that addition of graphene can achieve. These include:
· 52% improvement in transverse sheer strength of Carbon fibre reinforced plastic
· 32% improvement in the ultimate tensile strength of the epoxy matrix
· 30% improvement in longitudinal modulus of carbon reinforced plastic
Additionally, the results of other studies demonstrating the property improvements to injection moulded polymers from the addition of graphene will be outlined. These include:
· 21-32% improvement in modulus at 3% by weight graphene loading
· 21% improvement in ultimate tensile strength of the polymer matrix at 0.5% by weight graphene loading
The three presentations that will be made as part of the site visit will be available to view on the Company's website www.versarien.com after the event.
Neill Ricketts, CEO of Versarien, commented: "We are very pleased to be welcoming a number of investors to our newly acquired facility at AAC Cyroma today and to have the opportunity to outline quantifiable data from independent sources that show the dramatic effects that the addition of graphene can have to the mechanical properties of various materials. The results of this research are enabling real world products and applications to be developed. We are now entering the next stage of Versarien's development that will see the commercialisation of graphene enhanced products."
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 |
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WH Ireland (Nominated Adviser) | www.wh-ireland.co.uk |
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:
About Versarien
Versarien plc (AIM:VRS), is an advanced 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
Versarien Advanced Composites Ltd has been established in order to progress the commercial application of graphene-enhanced composite products.
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
AAC Cyroma Ltd., a specialist plastics manufacturing business serving a range of sectors including automotive and fast moving consumer goods, that provides an ability to produce graphene enhanced products. www.aaccyroma.co.uk