REG - Versarien PLC - South American Graphinks Agreements

VersarienAnnouncement

14/03/2024 07:00

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RNS Number : 7801G  Versarien PLC  14 March 2024

14 March 2024

Versarien Plc

("Versarien", the "Company" or the "Group")

South American Graphinks™ Agreements

Versarien Plc (AIM: VRS), the advanced materials engineering group, announces
that the Company has, in line with its stated strategy to monetise
intellectual property through licensing, entered into a manufacturing licence
agreement and a know-how licence and technical assistance agreement (together
the "Agreements") with Montana Química LTDA ("Montana").  Montana is a
Brazilian headquartered multinational business focused on the production and
sale of paints, wood preservatives and other wood finishing products including
stains and varnishes.  The Agreements cover the use of certain of the
Company's proprietary graphene and related material dispersions and
formulations (Graphinks™) in products to be manufactured and sold by Montana
in South America, together with Versarien providing further additional
know-how, technical assistance and training to Montana.

Further Details on the Agreements

Under the terms of the Agreements, Versarien has granted a licence to Montana
(the "Licence"), for an initial period of five years, to use certain
intellectual property and know-how owned by the Company in their business in
South America.  Montana will pay Versarien initial fees of £50,000 in March
2024 in consideration of the know-how and technical assistance, including
training, to be provided. Once Montana commences manufacturing under the
Agreement, a further payment of £25,000 will be due to the Company, together
with an amount equal to 5% of the total sales revenue earned from products
manufactured using Versarien's intellectual property and know-how ("Royalty"),
subject to minimum Royalty payments of £25,000 per annum.

Dr Stephen Hodge, CEO of Versarien, commented: "The Agreements with Montana
are in line with Versarien's strategy to be a manufacturing-light business in
the UK and licence our patents, know-how and other intellectual property to
key partners.  We are very pleased to be partnering with Montana, a leading
business in its markets in South America, and look forward to collaborating
closely with them as they bring products enhanced by Versarien's technology to
the market."

Andreas von Salis, CEO of Montana, commented: "The Agreements with Versarien
give Montana the opportunity to capitalise on the growing markets for graphene
in Brazil with the intention to utilise graphene in application areas such as
paints, coatings and lubricants."

For further information please contact:

 

 Versarien                                                   c/o IFC

 Stephen Hodge, Chief Executive Officer

 Chris Leigh, Chief Financial Officer

 SP Angel Corporate Finance (Nominated Adviser and Broker)   +44 (0)20 3470 0470

 Matthew Johnson, Adam Cowl

 IFC Advisory Limited (Financial PR and Investor Relations)  +44 (0) 20 3934 6630

 Tim Metcalfe, Zach Cohen

 

About Versarien Graphinks™

 

Versarien's Graphinks™ are graphene and related material (GRM) inks and
dispersions that bring multi-functionality (high electrical and thermal
conductivity, fire retardation, UV protection, etc.), produced via a high
pressure homogenisation process that offers high yield and uniform size
distribution. Versarien have 'standard' Graphinks™ for different deposition
methods from inkjet to screen printing and developmental formulations with
different nanomaterials and solvent combinations.

 

For further information please see: http://www.versarien.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.versarien.com%2F&data=05%7C01%7Ctwhitfield%40mclnews.com%7Ca6f36820d41746bbb8f008da42f2dd6a%7C7560185ee95f4d5a8cc0c244cb450a3e%7C0%7C0%7C637895909595351380%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=vp8yFEBNrElWqj0WOIqnwLTzPx3mbDopgjGylVz4v0c%3D&reserved=0)

 

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