RCS - Directa Plus PLC - Project tender awarded

Directa PlusAnnouncement

19/07/2023 07:00

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RNS Number : 4362G  Directa Plus PLC  19 July 2023

RNS Reach

19 July 2023

 

Directa Plus plc

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

 

Directa Plus awarded tender by Lombardy Region as part of its 'Ricerca &
Innova' programme

 

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene
nanoplatelets based products for use in consumer and industrial markets, has
been awarded a project tender from the Italian Region of Lombardy as part of
its 'Ricerca & Innova' programme to further develop Graphene Plus (G+) air
filtration applications.

 

The project is for an 18-month period and has a total value of c.€400,000
which includes a non-repayable grant of €142,500 and a zero interest loan
€264,642 which will be repaid over seven years. This award will enable
Directa Plus to continue investing and developing its air filter applications,
leveraging the antiviral and antimicrobial properties of its G+ technologies.

 

It is proven that the G+ filter has a bacterial load reduction higher than
99.98% and, when tested in conditions of simulated use, it is three times more
efficient than the average alternative products on the market. Moreover,
Graphene Plus is free from any hazard identification, being the G+ technology
which is non-toxic and safe for both humans and the environment.

 

Directa Plus has been working on the development of G+ air filters since 2020
following the rapid and successful commercialisation of a high performing
graphene-based mask, the Co-Mask, to contribute to the fight against Covid-19.
This quickly led to exploring industrial filtration applications in the
automotive industry and Directa Plus will now use the funding to target
Industrial Heating, Ventilation and Cooling (HVAC) applications.

 

Based on recent research by Fortune Business Insights, the global air filters
market size was valued at $14.68 billion in 2022 and it is projected to grow
to $25.69 billion by 2030, exhibiting a CAGR of 7.3% over those years.

 

The Ricerca & Innova programme aims to support investments in industrial
research, experimental development and process innovation by companies based
in Lombardy. Directa Plus was selected as part of the programme, among many
other participants, due to the innovative capabilities of the Group's G+
technologies and timing of the submission.

 

Commenting, Giulio Cesareo, Founder and CEO of Directa Plus, said: "We are
excited to have been awarded this project tender by the Lombardy local
government which recognises our commitment to innovation and developing
advanced technologies. It will enable Directa Plus to further invest in and
develop an innovative product enhanced by the unique properties of Graphene
Plus at a faster rate than previously possible and strengthen our position in
fast growing markets. We are grateful for the support of Lombardy Region to
accelerate the production of G+ air filtration applications."

 

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                                               directaplus@almapr.co.uk
 Hannah Campbell
 Kinvara Verdon

 

 

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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