RCS - Directa Plus PLC - Grant Award

Directa PlusAnnouncement

29/11/2022 07:00

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RNS Number : 8327H  Directa Plus PLC  29 November 2022

29 November 2022

 

Directa Plus plc

("Directa Plus" or the "Company")

 

Grant Award

Lombardy Region funds development of G+® embedded paints and coverings

 

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene
nanoplatelets based products for use in consumer and industrial markets,
announces the award of a non-repayable grant of €136,000 from the Italian
Region of Lombardy for the development of paints and coverings embedded with
the Company's G+® graphene nano-platelets.

 

Directa Plus has been working on the development of new technology for the
coatings market for some time and has invented a granular, semi-finished G+®
formulation, called Grafyshield.  Grafyshield G+® is designed to be easy to
handle and mixable with resins using existing mixing equipment.  The
formulation is a universal preparation suitable for both water-based and
solvent-based paints and coverings.

 

The initial targets for the formulation are to bring anti-corrosion and
flame-retardant properties to the final paint system.  Potentially,
Grafyshield G+® could also enhance the paint's thermal and electrical
conductivity, as well as improving anti-friction and anti-fouling performance.

 

Giulio Cesareo, Founder and Chief Executive of Directa Plus, commented:
"Paints and coverings are very large global markets which we believe would be
receptive to new, technology-led products.  This grant from the Lombardy
local government will help fund Directa Plus to develop these potentially
disruptive products in a faster timeframe than we could have achieved using
our own resources.  Our thanks go to the Lombardy Region authorities."

 

For further information please visit http://www.directa-plus.com/
(http://www.directa-plus.com/) or contact:

 

 Directa Plus plc                                            +39 02 36714458
 Giulio Cesareo, CEO
 Giorgio Bonfanti, CFO

 Cenkos Securities plc (Nominated Adviser and Joint Broker)  +44 131 220 6939
 Neil McDonald
 Adam Rae

 Singer Capital Markets Securities Limited (Joint Broker)    +44 20 7496 3069
 Rick Thompson
 Phil Davies

 Tavistock (Financial PR and IR)                             +44 20 7920 3150
 Simon Hudson
 Heather Armstrong

 

Notes to Editors

Directa Plus (www.directa-plus.com) is one of the largest producers and
suppliers of graphene-based products for use in consumer and industrial
markets. The Company's graphene manufacturing capability uses proprietary
patented technology based on a plasma super expansion process. Starting from
natural graphite, each step of Directa Plus' production process - expansion,
exfoliation and drying - creates graphene-based materials and hybrid graphene
materials ready for a variety of uses and available in various forms such as
powder, liquid and paste.

 

This proprietary production process uses a physical process, rather than a
chemical process, to process graphite into pristine graphene nanoplatelets,
which enables Directa Plus to offer a sustainable, non-toxic product, without
unwanted by-products.  Directa Plus' products are made of hybrid graphene
materials and graphene nano-platelets. The products (marketed as G+®) have
multiple applications due to its properties. These G+® products can be
categorised into various families, with different products being suitable for
specific practical applications.

 

Directa Plus was established in 2005 and is based in Lomazzo (Como, Italy) and
has been listed on the AIM market of the London Stock Exchange since May 2016.
Directa Plus holds the Green Economy Mark from London Stock Exchange which
recognises companies that contribute to the global green economy.

 

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