Versarien PLC Graphene Supply to Major Tyre Producer (9485K)
April 16 2018 - 1:25AM
UK Regulatory
TIDMVRS
RNS Number : 9485K
Versarien PLC
16 April 2018
16 April 2018
Versarien plc
("Versarien" or the "Company")
Graphene Supply to Major Tyre Producer
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to announce that it has secured a purchase order
for the Company's proprietary Nanene few layer graphene
nano-platelets from a leading tyre producer, based in Europe. This
relationship has been cultivated via OQEMA plc, formerly Lansdowne
Chemicals Limited, with whom the Company has a distribution
agreement, as announced on 16 February 2017.
Versarien will initially be providing 500g of Nanene for testing
purposes, to explore the benefits of adding graphene to tyres
supplied to the automotive sector. If successful, further orders
would be expected.
Robert Moss, Group Managing Director of OQEMA UK, commented:
"OQEMA UK is delighted to announce our first commercial transaction
with Versarien for graphene.
"This innovative material has caught the imagination of a wide
variety of sectors, who see the fantastic potential in
2-dimensional materials. Without doubt, companies like Versarien
are leading the way in creating the materials of the future. OQEMA
is committed to partnering with innovation sources to bring these
materials to wider markets as we embrace modernisation.
"Graphene's numerous benefits have almost limitless potential.
New and exciting applications are being discovered on a daily basis
which can only yield an exciting future for companies such as OQEMA
and Versarien who are willing to put themselves at the forefront of
technical advancement."
Commenting, Neill Ricketts, CEO of Versarien stated: "We are
delighted to have secured this initial contract to supply Nanene to
a leading producer of tyres. We look forward to working with them
to explore the benefits that graphene can bring to their
products.
"Our relationship with OQEMA is expected to bring us further
exciting opportunities and we are very pleased to have the support
of such a significant player in the global distribution arena."
Enquiries:
Versarien
Neill Ricketts, CEO
Chris Leigh, CFO 01242 269 122
WH Ireland (Nominated Advisor)
Mike Coe
Ed Allsopp 0117 945 3470
IFC Advisory (Financial PR and
IR)
Tim Metcalfe
Graham Herring
Heather Armstrong 0203 934 6630
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 five subsidiaries operating under two
divisions:
Graphene and Plastics
2-DTech Ltd, which specialises in the supply, characterisation
and early stage development of graphene products.
www.2-dtech.com
AAC 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
Cambridge Graphene Ltd, which supplies novel inks based on
graphene and related materials, using patented processes and
develops graphene materials technology for licensing to
manufacturers. www.cambridgegraphene.com
Thermal and Hard Wear Products
Versarien Technologies Ltd. which 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 Ltd, a leading manufacturer in sintered tungsten
carbide for applications in arduous environments such as the oil
and gas industry. www.totalcarbide.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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