REG - Directa Plus PLC - Significant contract secured with LIBERTY Galati

Directa PlusAnnouncement

07/09/2023 07:00

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RNS Number : 6185L  Directa Plus PLC  07 September 2023

This announcement contains inside information as stipulated under the UK
version of the Market Abuse Regulation No 596/2014 which is part of English
Law by virtue of the European (Withdrawal) Act 2018, as amended.

 

7 September 2023

 

Directa Plus plc

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

 

Three-year contract secured with LIBERTY Galati for €5.5m with potential to
expand to €8.0m

Setcar secures significant contract to process oily mills sludge in steel
production process.

 

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene
nanoplatelets based products for use in consumer and industrial markets, is
delighted to announce its environmental services subsidiary, Setcar S.A.
("Setcar"), has secured a three-year contract with LIBERTY Galati, the largest
integrated steel producer in Romania, to provide a solution for the treatment
of oily mills scale produced in the manufacturing of steel. The waste of
rolling production is a mill scale (iron oxides) which is formed on the rolled
product; this occurs when billets, heated to almost 1000C, pass through the
rolling mill and come into contact with oxygen, oil and coolant water.

During the complete rolling process, about 2.5% of the metal weight of the
workpiece is slagged.

 

This multi-year contract has a total value of €5.5 million, with the
potential for further expansion up to a total value of €8.0 million
depending on rolling mills monthly production volume. Setcar's solution
offered to LIBERTY Galati further leverages the use of Directa's patented
Grafysorber® technology.

 

The Group's Grafysorber® technology provides a unique method for the removal
and recovery of oil compounds from the mill sludge and facilitates the
recycling of a waste product that is otherwise extremely difficult to treat.
Setcar's unique processing system will enable LIBERTY Galati to convert a
significant quantity of oily sludge waste into a raw material that can be
re-utilised in its steel production process.

 

This contract, which was awarded following a public tender process, will
enable Setcar to expand further its waste treatment and disposal services for
industrial pollutants and broaden the range of applications for the Group's
Grafysorber® technology.

 

Grafysorber® technology is a hybrid graphene-based solution for treating
water sludges and emulsions containing hydrocarbons. It is at least five times
more effective than current technologies, absorbing 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: "We are
very proud of this achievement. This is the largest single contract signed by
the Group to date equivalent to the 2020 yearly company turnover. Securing a
multi-year contract with LIBERTY Galati is a very exciting win and
demonstrates the building momentum for the Group's products and solutions. We
are targeting a new significant application for Grafysorber® with a very
large global potential market.

We look forward to working with LIBERTY Galati and showcasing the compelling
advantages of Grafysorber® and Setcar's solution for oily mill scale produced
in steel making."

 

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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