RCS - Directa Plus PLC - New contract with customer Alfredo Grassi

Directa PlusAnnouncement

09/05/2023 07:15

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RNS Number : 6738Y  Directa Plus PLC  09 May 2023

RNS Reach

9 May 2023

 

Directa Plus plc

 

("Directa Plus", the "Group" or the "Company")

 

Directa Plus signs new contract with existing customer Alfredo Grassi

 

New contract to support the expansion of Directa Plus' Planar Therma Circuit®
technology in military and workwear garments, extending partnership with
Alfredo Grassi SpA

 

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene
nanoplatelets based products for use in consumer and industrial markets, has
signed an exclusive agreement with customer Grassi SpA ('Grassi') to expand
the use of its Graphene Plus Thermal Planar Circuit® (PTC®) technology in
the workwear and military markets. Grassi, following the allotment of a new
public contract, will supply an Italian institution with PTC® technology.

 

Directa Plus will supply Grassi tens of thousands of linear meters of graphene
treated lining for an order of over €700,000, providing a boost to the
Company's estimated workwear income in 2023.

 

Grassi is a leading Italian workwear and outerwear manufacturer with a strong
focus on innovation and sustainability and was the first manufacturer in the
textiles vertical to integrate Directa Plus' G+® technologies into its
product line. Directa Plus has been working in partnership with Grassi since
2017 to provide the workwear industry with sustainable clothing and has
already supplied over 250,000 linear meters of graphene-treated lining to
Italian public organisations. This new contract will add to the Company's
recurring revenue stream on its Graphene Plus PTC® technology and
demonstrates the continuing appetite from end users across the textile
industry for garments which have no biological or environmental impact.

 

The PTC® technology is a patented Graphene Plus functional print that can be
applied to different types of fabrics, from natural to synthetic, with
antistatic and antibacterial qualities, ensuring a no-odour effect. The
technology absorbs the heat produced by the human body, distributes it inside
the garment and provides a thermal homogenisation, which in turn provides
enhanced thermal comfort.

 

The agreement will also enable the Company to further develop its
understanding of market trends and drivers affecting demand for such products.

 

Commenting, Giulio Cesareo, Founder and CEO of Directa Plus, said: "We have
been working closely with Roberto Grassi and the whole Grassi team for a
number of years to highlight the benefits of our G+® textile technologies and
this new win is a further demonstration that both sides see the benefits of
continuing to build on our close commercial relationship with each other to
provide the workwear and military market with sustainable solutions. This
sector continues to be of strategic importance for the Group and we are
focused on replicating this successful business case in other segments and
geographies. The win is another important step forward in building market
share and increasing Group revenues."

 

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

 Alma PR (Financial PR Adviser)                              +44 20 3405 0205
 Justine James
 Hannah Campbell

 

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+(R)) have multiple applications
due to its properties. These G+(R) 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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