RCS - Directa Plus PLC - Partnership to Develop Automotive Fabrics

Directa PlusAnnouncement

22/04/2022 07:00

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RNS Number : 9783I  Directa Plus PLC  22 April 2022

22 April 2022

 

Directa Plus plc

("Directa Plus" or the "Company")

 

Partnership to Develop Automotive Fabrics

 

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene
nanoplatelets based products for use in consumer and industrial markets,
announces that it has signed a non-binding Letter of Intent (LOI) with a
leading worldwide supplier of automotive interiors to Tier 1 manufacturers.
The partners intend to develop a suite of new products for the automotive
industry based on the antimicrobial properties (antibacterial and antiviral),
thermal comfort and electrical conductivity properties of the Company's G+®
enhanced fabrics.

 

The LOI has a 12 month term and sees the partners agree to combine resources,
competence and know-how to develop G+® enhanced fabrics into a platform of
ready to use products for the automotive industry.  If both parties are
satisfied with the results achieved after the 12 months, the partners shall
undertake to negotiate a Supply Agreement between the two companies.  Directa
Plus is already working with the partner to produce prototypes for a number of
global Tier 1 auto manufacturers.

 

Commenting, Giulio Cesareo, Founder and CEO of Directa Plus, said: "We have
developed, with trusted like-minded partners, innovative new products
exploiting the properties of our G+® graphene nanoplatelets in fabrics and
materials.  These range from workwear, sportswear and shoe applications to
industrial filtration applications.  We are delighted to announce this
partnership with a respected global innovator with deep knowledge and
experience to address automotive interior markets."

 

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 (Joint Broker)                       +44 20 7496 3069
 Rick Thompson / Phil Davies

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

 

About Directa Plus

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.
The Company holds the Green Economy Mark from London Stock Exchange which
recognises companies that contribute to the global green economy.

 

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