RCS - Versarien PLC - Agreement with Balfour Beatty

VersarienAnnouncement

01/10/2024 07:15

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RNS Number : 3236G  Versarien PLC  01 October 2024

Reach - Non-Regulatory

1 October 2024

Versarien Plc

("Versarien", the "Company" or the "Group")

Agreement with Balfour Beatty

Versarien Plc (AIM: VRS), the advanced materials engineering group, is pleased
to announce that the Company has signed an agreement with Balfour Beatty Group
Limited ("Balfour Beatty") to develop a range of low carbon, graphene-infused,
3D-printable mortars suitable for civil construction.

The goals for the project are to develop innovative, sustainable, and
cost-effective 3D-printable mortars suitable for civil construction, while
establishing a robust UK-based supply chain and demonstrating their efficacy
in real-world applications.

This will include formulating three types of mortar: one based on local
materials, and two enhanced with Versarien's graphene admixture,
Cementene(TM).  Additionally, efforts will focus on establishing a UK-based
supply chain, involving identifying local suppliers, integrating the graphene
admixture, implementing quality control protocols, and creating distribution
channels and sales frameworks for both domestic and international markets.

The project will involve demonstrating the application of these mortars in
real-world scenarios within Balfour Beatty's Highways business, and assessing
their performance, durability, and cost-effectiveness compared to traditional
construction materials.  It will also evaluate the viability of 3D printed
construction methods, considering aspects like cost, time efficiency and
sustainability.

Collaboration with various bodies will be pursued to propose changes to design
codes, ensure certification of products and address any regulatory hurdles
throughout the project lifecycle.

Dr Stephen Hodge, CEO of Versarien, commented: "We are delighted to be working
with Balfour Beatty and their Highways business on this project to further
develop 3D printable construction materials enabling low-carbon, efficient
construction solutions.  Versarien already has experience of working with
Balfour Beatty through both being members of the National Highways Roads
Research Alliance and the Digital Roads of the Future project. We look forward
to deepening our relationship."

For further information please contact:

 

 Versarien                                                   c/o IFC

 Stephen Hodge, Chief Executive Officer

 Chris Leigh, Chief Financial Officer

 SP Angel Corporate Finance (Nominated Adviser and Broker)   +44 (0)20 3470 0470

 Matthew Johnson, Adam Cowl

 IFC Advisory Limited (Financial PR and Investor Relations)  +44 (0) 20 3934 6630

 Tim Metcalfe, Zach Cohen

 

For further information please see: http://www.versarien.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.versarien.com%2F&data=05%7C01%7Ctwhitfield%40mclnews.com%7Ca6f36820d41746bbb8f008da42f2dd6a%7C7560185ee95f4d5a8cc0c244cb450a3e%7C0%7C0%7C637895909595351380%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=vp8yFEBNrElWqj0WOIqnwLTzPx3mbDopgjGylVz4v0c%3D&reserved=0)

 

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