Versarien PLC Significant Graphene Order (3616Q)
November 29 2016 - 1:01AM
UK Regulatory
TIDMVRS
RNS Number : 3616Q
Versarien PLC
29 November 2016
29 November 2016
Versarien plc
Significant Graphene Order
Versarien plc (AIM:VRS) ("Versarien" or the "Company"), the
advanced materials group, is pleased to announce the receipt of a
further significant graphene order for a carbon fibre composite
related OEM application.
On 13 October 2016, the Company announced that following the
positive test results from the composite project with the National
Graphene Institute ("NGI") that the NGI was purchasing a
significant quantity from Versarien for a specific project with a
major OEM.
Versarien has now received an order with a value of over
GBP100,000 for graphene in the form of Few Layer Graphene Nano
Platelets ("GNPs") from a European commercial customer, in
conjunction with the NGI. This high quality graphene will be
certified by the NGI and Versarien will be handling the dispersion
of the GNPs into the resin to be used by the customer. The resin
will be provided by the customer free of charge and will be
returned to the customer in Europe once mixed with Versarien's
GNPs.
The addition of Versarien's GNPs is expected to provide a
significant performance improvement to the customers' product and
further significant orders would be required to fulfil market
potential.
Neill Ricketts, CEO of Versarien, commented: "We believe that
this order is one of the first significant orders placed in the UK
to supply high quality graphene. Versarien is quickly becoming the
go to place for high quality GNPs globally, having successfully
scaled the business from the lab to the production arena.
"We expect the use of graphene to continue to gain further
commercial traction and Versarien is very well placed to be at the
forefront of delivering high quality graphene for multiple
applications. We will continue to scale our production to meet
demand as it occurs."
For further information please contact:
Versarien plc www.versarien.com
+44 (0) 1594 888
Neill Ricketts - Chief Executive Officer 622
Chris Leigh - Chief Financial Officer
WH Ireland (Nominated Adviser) www.whirelandcb.com
+44 (0) 117 945
Mike Coe / Ed Allsopp 3470
IFC Advisory (Financial PR and IR) www.investor-focus.co.uk
Tim Metcalfe / Graham Herring / Heather Armstrong +44 (0) 20 3053
/ Miles Nolan 8671
Notes to Editors:
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 four subsidiaries operating under two
divisions:
Thermal and Hard Wear Products
Versarien Technologies Ltd. which 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
Graphene and Plastics
2-DTech Ltd, which specialises in the supply, characterisation
and early stage development of graphene products.
www.2-dtech.com
ACC Cyroma Ltd, 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 will have the ability to
produce graphene-enhanced plastic products. www.aaccyroma.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 29, 2016 02:01 ET (07:01 GMT)
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