Last checked at 23 Apr 2020 07:00
23 April 2020
Versarien plc
("Versarien", the "Company" or the "Group")
Rolls-Royce chooses to partner with GEIC and 2-DTech
Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that, following an open innovation call, multinational engineering company Rolls-Royce has selected to work with The University of Manchester's Graphene Engineering Innovation Centre ("GEIC") and its Tier 1 partner, Versarien subsidiary, 2-DTech Limited ("2-DTech").
The initial programme of work will use the state-of-the-art chemical vapour deposition (CVD) equipment located within the GEIC. The collaboration will look to explore, understand and create technological advances surrounding the use of graphene and other 2D materials used in wiring for next-generation aerospace engine systems.
The work conducted will seek to use the unique properties of these 2D materials to reduce the weight of electrical components, improve electrical performance and also increase resistance to corrosion of components in future engine systems.
The programme aims to present potential economic benefits, through the possibility of significant cost reductions, and global environmental benefits, through the reduction of energy use and lower emissions from electrification.
Neill Ricketts, Chief Executive of Versarien commented:
"The pursuit of sustainability has become an important goal for many companies in recent years. Rolls-Royce is one of the world's leading industrial technology companies and today, the size and impact of the markets its serves makes this task more urgent than ever. Taking advantage of advanced materials such as graphene, has the potential to revolutionise these markets and add real benefit.
"The partnership with Rolls-Royce is a significant endorsement to 2-DTech's work over the years and we are delighted it has been chosen by such a renowned business and look forward to working together."
Dr Al Lambourne, Materials Specialist at Rolls-Royce, commented:
"Partnering with the GEIC and its members makes perfect sense to Rolls-Royce as we explore the opportunities and properties of a new class of 2D materials. Using the unique capabilities of 2-DTech and the GEIC we hope to address some of the challenges facing materials in the global aerospace industry, as we pioneer the electrification of future aircraft."
James Baker, Graphene@Manchester CEO, commented:
"The GEIC is intended to act as an accelerator for graphene commercialisation, market penetration and in the creation of the material supply chain of graphene and 2D materials. It's great to see a company like Rolls-Royce partner with us and our other Tier 1 member, 2-DTech, to capitalise on our world-leading expertise and experience, along with specialist equipment, which will accelerate the product and process development and market entry."
Enquiries:
Versarien Neill Ricketts, CEO Chris Leigh, CFO | +44 (0)1242 269 122 |
SP Angel Corporate Finance (Nominated Adviser and Joint Broker) Ewan Leggat, Soltan Tagiev | +44 (0)20 3470 0470 |
Berenberg (Joint Broker) Mark Whitmore, Simon Cardron | +44 (0)20 3207 7800 |
Yellow Jersey (Investor Relations) Charles Goodwin Georgia Colkin Henry Wilkinson | +44 (0)20 3004 9512 |
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 seven active subsidiaries operating under two divisions:
Graphene and Plastics
2-DTech Ltd, which specialises in the supply, characterisation and early stage development of graphene products. 2-DTech is based at the Graphene Innovation Engineering Centre, a £60 million facility set up to work in collaboration with industry partners to create, test and optimise new concepts for the delivery of graphene to the market. 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 has 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
Gnanomat S.L. ("GNA"), based in the Parque Cientifico Madrid, Spain, is a company capable of utilising Versarien's graphene products in an environmentally friendly, scalable production process for energy storage devices that offer high power density, fast recharging and very long lifetimes for use in electrical vehicles and portable electronics products. www.gnanomat.com
Versarien Graphene Inc - based in Texas, is the recently incorporated sales business for the UK's graphene products.
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