REG - Directa Plus PLC - Agreement with REDA Energy for Grafysorber

Directa PlusAnnouncement

19/07/2022 07:00

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RNS Number : 8773S  Directa Plus PLC  19 July 2022

19 July 2022

 

Directa Plus plc

("Directa Plus" or the "Company")

 

Commercial Agreement with REDA Energy Ltd to Distribute Grafysorber Products

 

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene
nanoplatelet based products for use in consumer and industrial markets,
announces that it has signed a Commercial Agreement ("the Agreement") with
REDA Energy Ltd ("REDA") to distribute Grafysorber® oil response products in
certain agreed territories. REDA, a division of the REDA Group, is a leading
Tier 1 chemical manufacturer and supplier of products and services to global
oil and gas sector.

 

The Commercial Agreement follows successful testing of the products by REDA
customers in the North Sea.  These customers particularly appreciated the
lightness and simplicity in handling, the effectiveness of absorption, and the
reduced amount of plastic used in Grafysorber® booms and pillows.  As a
result of feedback from REDA Energy, Directa Plus has been able to further
improve its oil spill response products, enhancing their ease of use and
performance.

 

The first order from REDA for Grafysorber® products predates the Agreement
and was delivered in June 2022 and comprised thousands of pillows and
barriers.  REDA will place a second similar order to build a minimum safety
stock of products to cover northern Europe and will commence the distribution
of Grafysorber® products to REDA customers.

 

Directa Plus's patented Grafysorber® technology is a graphene-based solution
for treating water sludges and emulsions containing hydrocarbons and is at
least five times more effective than current technologies - adsorbing more
than 100 times its own weight of oil-based pollutants.  In addition,
Grafysorber® is sustainably produced, non-flammable and reusable, with the
adsorbed hydrocarbons recoverable.

 

Commenting, Giulio Cesareo, Founder and CEO of Directa Plus, said: "Our
environmental strategy is to offer our partners products designed to help
their customers to achieve their sustainability targets more easily, more
cheaply and faster.  The Agreement with REDA represents an important
milestone in the commercialisation of Grafysorber® products in international
oil producing regions with the North Sea being the first.  REDA brings added
value capabilities to this key vertical for Directa Plus, accelerating the
development and growth of our products and services."

 

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.

 

About the REDA Group

The REDA group is a leading manufacturer and distributor providing industrial
business-to-business solutions. Delivering a broad range of technology-based
products and solutions in the fields of fire protection, safety and security,
speciality chemicals, food ingredients, oilfield services, process and
laboratory equipment.

 

With more than 2,600 employees worldwide, including 600 engineers and
scientists, we have an unrelenting commitment to excellence in everything we
do.  The company operates an international network with more than 90
locations in 40 countries. The REDA group has evolved into a diversified
enterprise with businesses across selected industrial sectors.

 

 Contact  Gordon Moir (MD) +44 1224 937 888

 

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