Directa Plus PLC Co-operation agreement with Alfredo Grassi S.p.A. (1866Y)
May 07 2019 - 1:01AM
UK Regulatory
TIDMDCTA
RNS Number : 1866Y
Directa Plus PLC
07 May 2019
7 May 2019
Directa Plus plc
("Directa Plus" or the "Company")
Directa Plus signs co-operation agreement with Alfredo Grassi
S.p.A.
Directa Plus (AIM: DCTA), a producer and supplier of graphene
nanoplatelets-based products for use in consumer and industrial
markets, is pleased to announce that the Company has signed an
exclusive agreement with Alfredo Grassi S.p.A., ("Grassi") to
broaden an existing collaboration in the development of graphene
enhanced workwear and expand into military outerwear.
Grassi, are a leading Italian workwear and outerwear
manufacturer, who have been operating since 1925. Directa Plus have
been working in partnership with Grassi for the last three years
and have produced more than 80,000 metres of fabric enhanced with
G+ pristine graphene nanoplatelets, that have been used in the
manufacture of thousands of garments.
The agreement between Directa Plus and Grassi provides for up to
three years of exclusive co-operation in the relevant sectors.
The main objectives are:
-- To promote the uptake of graphene enhanced, advanced workwear
and military outerwear in Italy, in most of Europe, and North
Africa;
-- To develop new products suitable for end users in the relevant industrial verticals;
-- To build a greater joint understanding of market trends and
drivers affecting demand for such products; and
-- To offer end users the maximum level of sustainability along the entire supply chain
Giulio Cesareo Founder & CEO of Directa Plus said: "We
already have an excellent relationship with Grassi, having worked
together on product development, product design and marketing for
more than three years.
"We have a number of active projects that we are already working
on in partnership with Grassi, which we hope will result in
significantly increased sales of G+ enhanced garments. We are
particularly excited about new product development plans for
military and professional and workwear applications.
"Directa Plus' commercial relationship with Grassi has already
proved mutually beneficial for both companies and we are very
pleased to be able to extend and deepen our partnership."
Roberto Grassi CEO of Alfredo Grassi S.p.A. said:
"We are proud to work with Directa - a company with which we
share the same focus and attention on innovation, sustainability,
safety and wellness of the end users.
"A common interest in technological innovation and the open
sharing of key information will drive both companies to achieve
significant successes."
For further information please visit
http://www.directa-plus.com/ or contact:
Directa Plus plc +39 02 36714458
Giulio Cesareo, CEO
Marco Ferrari, CFO
Cantor Fitzgerald Europe (Nominated Adviser
and Joint Broker) +44 20 7894 7000
Rick Thompson, Philip Davies Will Goode
(Corporate Finance)
Caspar Shand Kydd (Sales)
N+1 Singer (Joint Broker) +44 20 7496 3069
Mark Taylor, Lauren Kettle
Tavistock (Financial PR and IR) +44 20 7920 3150
Simon Hudson, Edward Lee, Barnaby Hayward
About Directa Plus
Our focus is principally on the two sectors in which we have
strong commercial advantage through developed and launched products
and a technological lead: environmental (based on our
Grafysorber(R) product) and textiles (based on our G+ products). In
addition, we will continue to pursue opportunities in elastomers
and composites (including tyres and asphalt), also using our G+
products. All our products are hypoallergenic, non-toxic and
sustainably produced.
-ends-
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END
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