TIDMVRS
RNS Number : 4117Y
Versarien PLC
09 May 2019
9 May 2019
Versarien plc
("Versarien" or the "Company")
USA Update
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to provide an update on the Company's recent
activities in the United States of America.
Further to the announcement of 21 March 2019, the Company is
pleased to report that it is now fully operational at its new US
office and laboratory facility in Houston, Texas, which is designed
to act as a hub for the Company's activities in North America.
The establishment of this US hub has already enabled the Company
to accelerate its progress in North America with various new
partners, in addition to the work it has been undertaking with the
US National Graphene Association and various existing collaboration
partners in the region.
New agreements that have been recently entered into with
partners in North America, include:
-- An agreement with a US manufacturer of speciality plastic
packaging and transportation vessels for volatile chemicals to
explore the use of Versarien's graphene to enhance these products,
in particular to reduce weight and improve the barrier properties
of the vessel materials.
-- A collaboration agreement with a North American graphene
focussed company to investigate the addition of Versarien's
graphene to certain polymer resins for the production of products
used in the consumer goods market.
-- A collaboration agreement with a leading US producer of
carbon nanotubes to explore the combination of Versarien's graphene
with carbon nanotubes to evaluate potential performance
enhancements for a variety of products and systems, primarily in
the fields of energy storage and polymer resins.
-- A collaboration agreement with NovoCarbon Corporation, a
US-based, clean technology minerals processing company, supplying
customers with innovative, high quality value-added carbon
products. This collaboration agreement covers the establishment of
graphene supply chain components to facilitate the use of the
Company's graphene products in the consumer goods and other
sectors.
As previously announced, the Company will be a leading
participant in the American Graphene Summit, being hosted by the
National Graphene Association (NGA) in Washington DC on 21 and 22
May 2019. The summit, keynoted by Senator Roger Wicker, intends to
bring together leaders of US industry and government agencies and
key international figures in the graphene sector to engage in a
dialogue on shaping the global architecture surrounding graphene
technologies and its impact on the US and global economy.
Neill Ricketts, CEO of Versarien, commented: "We are very
pleased to have our dedicated facility in Houston up and running.
This has enabled us to more efficiently progress a number of new
and existing relationships and accelerate our traction in the US.
We now have relationships with over 25 companies in North America,
encompassing sectors as diverse as automotive, aerospace, consumer
goods, oil & gas, sports equipment and speciality plastics.
"We continue to receive a high number of enquires for the supply
of our graphene and other 2D materials from leading US companies
and others globally. Versarien is now truly operating on a global
basis and I look forward to providing further updates on our
activities with our multiple collaboration partners in due
course."
Enquiries:
Versarien
Neill Ricketts, CEO
Chris Leigh, CFO +44 (0)1242 269 122
Canaccord Genuity (Nominated
Adviser and Broker)
Bobbie Hilliam
Emma Gabriel +44 (0)20 7523 8000
IFC Advisory (Financial PR
and IR)
Tim Metcalfe
Graham Herring
Heather Armstrong +44(0)20 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 six 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 Limited, 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 Limited, supplies novel inks based on
graphene and related materials, using patented processes to develop
graphene materials technology.
www.cambridgegraphene.com
Gnanomat S.L. ("GNA"), based in the Parque Cientifico Madrid,
Spain, is a company capable of utilising Versarien's graphene
products in an environmentally friendly, scalable production
process for energy storage devices that offer high power density,
almost instant recharging and very long lifetimes for use in
electrical vehicles and portable electronics
products.www.gnanomat.com
Hard Wear and Metallic Products
Versarien Technologies Limited 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 Limited, 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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