Versarien PLC Battery Technology Update
July 02 2018 - 1:00AM
RNS Non-Regulatory
TIDMVRS
Versarien PLC
02 July 2018
Versarien plc
("Versarien" or the "Company")
Battery Technology Update
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to provide an update on its activities in
relation to graphene enhanced power storage devices such as
batteries and supercapacitors. The primary goal of incorporating
graphene into these devices is to significantly increase power
storage capacity and reduce charging times.
Versarien has been working with WMG (Warwick Manufacturing
Group) and their partner companies and scientists at the
universities of Warwick and Cambridge to collaborate on the
production of power storage devices such as batteries and
supercapacitors using Versarien's proprietary Nanene graphene nano
platelets. Significant advances have been made through
incorporating the Company's high quality graphene into these
devices and the Company looks forward to commercial products
becoming available in due course.
The relationship with WMG has now been supplemented by a number
of other agreements that provide Versarien with access to both
leading technology providers and manufacturing expertise, both in
the UK and overseas, including China.
Zap&Go
Versarien is pleased to announce that it has entered into a
collaboration agreement with ZapGo Ltd ("Zap&Go"), a high
technology business focussed on developing a new class of energy
storage device with considerable functional improvements over
current commercially available supercapacitors. Zap&Go's
technology and growing patent portfolio is in part derived from
Oxford University research, and in part developed independently by
Zap&Go's own scientists. Zap&Go work with a number of
Chinese partners to manufacture their technology.
Versarien and Zap&Go have agreed to collaborate on research
and development projects involving the incorporation of Versarien's
proprietary Nanene few layer graphene nano-platelets and other
Versarien supplied two-dimensional materials into Zap&Go's
supercapacitor type devices with a view to enhancing their
performance, specifically through the increased electrical
conductivity of the supercapacitor cells.
Flexibat
The Company, through its subsidiary Cambridge Graphene Ltd, is
pleased to be part of the Flexibat consortium that has recently
been awarded GBP1.2 million of grant funding from Innovate UK as
part of a GBP1.5 million project to develop and bring to market
graphene enhanced, thin, flexible printed batteries for electronic
wearable and IoT (Internet of Things) devices. From the GBP1.2m of
grant funding, Cambridge Graphene will directly receive
approximately GBP145,000 and indirectly benefit from the funding
provided to the other consortium members.
The Flexibat project aims to provide much thinner and more
flexible batteries, with higher energy densities, than those
currently available. These are expected to be straightforward to
manufacture using roll-to-roll printing processes. The initial
target market will be for healthcare and wellbeing wearables.
Chinese Graphene Order
In addition to these relationships, the Company is pleased to
report that it has received its first small initial order for
Nanene graphene nano platelets from a Chinese automotive battery
manufacturer for their technical evaluation.
Neill Ricketts, CEO of Versarien, commented: "Improved battery
technology is a key area where the addition of high quality
graphene can provide significant benefits. Alongside our work and
collaborations in the areas of graphene enhanced composites and
plastics, battery technology is a key focus for Versarien.
"We are pleased to have entered into these new collaborations
and to have received our first Nanane order from a Chinese battery
manufacturer. In particular, Zap&Go are at the forefront of
developing ultra fast charge carbon-ion cells that can replace slow
charging lithium ion batteries in a wide variety of applications
from cordless and mobile devices, to infrastructure and transport.
We anticipate that the addition of our graphene to their already
very innovative products will bring significant enhancements. The
market potential for their technology is enormous.
"Our strategy is to work with partners who can provide both
technology and manufacturing expertise with a view to ensuring that
Versarien is placed at the heart of the rapidly developing graphene
enhanced battery ecosystem."
Enquiries:
Versarien
Neill Ricketts, CEO
Chris Leigh, CFO 01242 269 122
Arden Partners (Nominated Adviser and Broker)
Chris Hardie
Dan Gee-Summons 020 7614 5900
IFC Advisory (Financial PR and IR)
Tim Metcalfe
Graham Herring
Heather Armstrong 020 3934 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
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
Cambridge Graphene Ltd, supplies novel inks based on graphene
and related materials, using patented processes to develop graphene
materials technology for licensing to manufacturers.
www.cambridgegraphene.com
Thermal and Hard Wear Products
Versarien Technologies Ltd. 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
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END
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