REG - Directa Plus PLC - AGM Statement

Directa PlusAnnouncement

23/06/2021 07:00

RNS Number : 7561C
  
Directa Plus PLC
  
23 June 2021
  
 

23 June 2021
 
Directa Plus plc
("Directa Plus" or the "Company")
 
AGM Statement
 
Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, provides an update on the current financial year to 31 December 2021 ahead of its Annual General Meeting to be held later today in Italy due to covid restrictions.
 
At the time of the announcement of the 2020 final results, the Company reported a strong performance in the first four months of 2021 with revenues increased by almost 50 per cent year-on-year to €2.8m.  The Board is pleased to report that this strong revenue growth is continuing in the last two months of the current first half and that the Company is trading in line with market expectations.  In the environmental vertical, growth momentum is continuing at the Group's subsidiary, Setcar,  which  is also benefitting from customer demand driven by the higher prices for oil reclaimed from its remediation services. In the emerging batteries vertical, the Board continues to be pleased with the progress being made with our partner NexTech in Li-S batteries. 
 
Overall, the global market for graphene is estimated by different market research to be growing at a compound annual growth rate above 30 per cent, with a particular focus on high quality, sustainably produced graphene such as that produced by Directa Plus.
 
The Company continues to develop both its production technology and suitable applications for its products.  This is reflected in the growing IP portfolio which now comprises 55 granted patents alongside an ever-deeper base of know-how covering the core production technology as well as the products launched or being developed by customers.
 
Directa Plus continues to explore new vertical markets and is in negotiations with additional potential partners.
 
For further information please visit 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
Pete Lynch


 




 


 




N+1 Singer (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
Our focus is principally on the two sectors in which we have strong commercial advantage through developed and launched products and a technological lead: environmental (based on our Grafysorber® product), textiles (based on our G+® products) and, more recently, lithium-sulphur batteries.  In addition, we will continue to pursue opportunities in elastomers and composites (including tyres and asphalt), also using our G+® products.  All our products are hypoallergenic, non-toxic and sustainably produced.
 
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