Directa Plus PLC Trading Update (6379S)
March 18 2021 - 2:00AM
UK Regulatory
TIDMDCTA
RNS Number : 6379S
Directa Plus PLC
18 March 2021
18 March 2021
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF
THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN
Directa Plus plc
("Directa" or the "Company", or together with its subsidiaries
the "Group")
Trading Update
Directa Plus (AIM: DCTA), a leading producer and supplier of
graphene nanoplatelets based products for use in consumer and
industrial markets, is pleased to provide an update on trading in
the first quarter of 2021 ("Q1 2021") and for the financial year
ended 31 December 2020 ("FY2020").
Trading in Q1 2021 has been strong, with revenues expected to be
around EUR1.8m, up 20 per cent. from the same period in 2020
(EUR1.5m). The Group expects to announce its audited results for
FY2020 in mid-May 2021 and to now report revenues of approximately
EUR6.7m, a further improvement from the previously reported
expectation of EUR6.5m. The Group's current order book stands at
approximately EUR4.3m, which is expected to be delivered over the
rest of FY2021 and there is a strong pipeline of opportunities.
There have been further positive developments in the Company's
partnership with NexTech, as part of which Directa is contributing
to the development of Lithium-Sulphur battery technology. Directa
recently presented alongside NexTech on a roadshow to meet
important potential industrial customers and universities in Italy,
including Leonardo, Italdesign, Artemide, Politecnico Milan and
Politecnico Turin.
In addition, Directa and NexTech have now established a Joint
Laboratory in Lomazzo, with the objective of developing new
specific grades of G+(R) graphene nanoplatelets for a next
generation of higher performance Lithium-Sulphur (Li-S) batteries.
Scientists from both companies are participating in this
development. Lithium-Sulphur batteries have significant advantages
versus Lithium-Ion batteries including superior energy density,
lower costs per watt-hour, a superior safety profile, and a less
complex manufacturing process.
Progress at the Group's environmental subsidiary, Setcar,
continues to be very positive. As part of Setcar's contract with
OMV Petrom, a total of c.7,700 cubic metres of emulsion have been
treated so far in 2021, recovering c.1,800 tonnes of crude oil.
With a treatment rate of c.80 cubic metres per day, the Company
expects to treat 8,800 cubic metres of emulsion and recover over
2,000 tonnes of crude oil by the end of Q1 2021.
Setcar has a healthy and encouraging pipeline of contract
tenders across Europe, including a number of high value tenders,
with two in the private oil and gas sector and another in a state
infrastructure network. Directa will report progress on sales to
the market in due course.
A new version of Directa's face mask filter, compliant to
surgical standards, has been successfully developed and validated
creating further opportunities for the Group. The surgical filter
offers the wearer an increased level of protection from viral and
bacterial infection. This follows recent testing that proved that
G+ graphene is not absorbed by the wearer during use.
Elsewhere in the textiles vertical the launch of our new Capsule
Cosmic Collection is proving successful. The product portfolio will
be enriched with two more sportwear items - a golf polo and a soft
shell. The Company is receiving and fulfilling customer orders
across the product range
This announcement has been approved by Giulio Cesareo, Chief
Executive, on behalf of the Company.
ENDS
For further information please visit
http://www.directa-plus.com/ or contact:
Directa Plus plc +39 02 36714458
Giulio Cesareo, CEO
Marco Ferrari, CFO
Cenkos Securities plc (Nominated Adviser
and Joint Broker) +44 131 220 6939
Neil McDonald / Pete Lynch
N+1 Singer (Joint Broker) +44 20 7496 3069
Rick Thompson / Phil Davies
Tavistock (Financial PR and IR) +44 20 7920 3150
Simon Hudson / Edward Lee
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.
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