REG - Directa Plus PLC - New significant contract with Pigmentsolution

Directa PlusAnnouncement

21/12/2022 07:00

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RNS Number : 3839K  Directa Plus PLC  21 December 2022

21 December 2022

 

Directa Plus plc

 

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

 

Significant contract with Pigmentsolution to support expansion of Grafyshield
G+ product

 

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene
nanoplatelets based products for use in consumer and industrial markets, has
signed a new exclusive agreement with Pigmentsolution, a European distributor
of speciality chemicals and ingredients, to support the development and
distribution of Directa Plus's new patented Graphene Plus (G+) product,
Grafyshield G+, initially in Germany, Austria, Switzerland and Poland, with
the potential for further expansion in Europe.

 

Directa Plus has invented and patented a granular semi-finished product,
Grafyshield G+, which enhances anti-corrosion and flame-retardant properties
to a final paint system for both water-based and solvent-based formulations.
The product is currently under testing by different major European paint
producers, with the first order of 200 kg Grafyshield G+ now received from
Pigmentsolution.

 

The global anticorrosion coating market is estimated to be valued at 10.1 USD
billion, and the global flame-retardant coating market is estimated to be 4.83
USD billion.

 

Pigmentsolution has more than 25 years' experience in the development of
system plants, the marketing of specialty chemicals, and sustainable
fertiliser production in Europe and will support the expansion of Grafyshield
G+ by providing Directa Plus with access to its extensive local networks,
market intelligence and technical expertise.

 

The initial 12-month contract launches in Germany, Austria, Switzerland, and
Poland in January 2023, enabling Directa Plus to assess these important
markets to build a solid basis for 2024, and enable the Group to measure the
potential for further territorial expansion of the contract across Europe in
the longer-term.

 

Commenting, Giulio Cesareo, Founder and CEO of Directa Plus, said: "This
contract is a significant win for the Group, demonstrating the appetite for
and competitive advantage of our product. Grafyshield G+ is a universal
preparation, suitable for both water-based and solvent-based formulations. It
is designed to be easy to handle and easy to mix with the resin, thereby
utilising a traditional mixing equipment. Grafyshield G+ could also
potentially be used to enhance thermal and electrical conductivity of the
paint, as well as anti-friction and anti-fouling performances.

"Working with Pigmentsolution will accelerate time to market enabling us to
bring Grafyshield G+, a potentially disruptive product, to the EU market at a
faster rate and into new geographies in the future."

 

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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