RCS - Versarien PLC - Costain Civil Engineering Project

VersarienAnnouncement

06/03/2023 07:00

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RNS Number : 9237R  Versarien PLC  06 March 2023

 

 

 

Reach - Non-Regulatory

 

6 March 2023

 

Versarien plc

("Versarien" or the "Company")

Costain Civil Engineering Project

 

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased
to announce the completion of the construction phase of a civil engineering
project being undertaken by the Company with a subsidiary of Costain Group plc
("Costain").

 

Versarien has been working with Costain to develop designs for, and bring into
production, a 3D printed concrete headwall for use in highway construction
projects, part of the Digital Roads of the Future Partnership, a collaboration
led by the University of Cambridge, Costain and National Highways, of which
Versarien is a partner.

 

Traditionally, these headwall structures have been made from precast concrete,
utilising extensive steel reinforcement, and with limitations on the shape of
structure that can be precast.  Utilising Versarien's technical expertise and
an AACM (alkali activated cementitious material), printed using the latest 3D
printing technologies, the Company has worked with Costain to create a curved
form headwall that is naturally strong and therefore does not need the same
reinforcement.  This approach has enabled steel to be entirely removed from
the walls of the structure.

 

During the 3D printing process, a series of sensors have been installed in the
structure according to a scheme provided by a team from Cambridge University,
who are working on the National Highways Digital Roads initiative.  This
sensor data includes temperature and movement from the point of printing all
the way to the structure's performance on site.  The constructed headwall is
due for delivery and installation on one of Costain's projects for National
Highways shortly.

 

Neill Ricketts, Chief Executive Officer of Versarien, said: "We are delighted
to have partnered with Costain to produce this innovative structure that we
believe provides significant benefits over those produced using traditional
manufacturing techniques.  In utilising Versarien's materials engineering
expertise and understanding of the latest techniques, we have highlighted how
new technologies can be employed to provide a solution to improve product
performance, lower cost and reduce the carbon footprint.  We believe this
represents the first use of 3D construction on a National Highways project and
we look forward to the headwall being installed, demonstrating the viability
and attractiveness of using this technology and Versarien's know-how on future
projects."

 

 

For further information please contact:

 

 Versarien Plc
 Neill Ricketts - Chief Executive Officer   +44 (0) 1594 887204
 Chris Leigh - Chief Financial Officer

 Stephen Hodge - Chief Technology Officer
 SP Angel Corporate Finance (Nominated Adviser and Joint Broker)
 Matthew Johnson, Adam Cowl                 +44 (0) 20 3470 0470
 Berenberg (Joint Broker)
 Mark Whitmore, Ciaran Walsh                +44 (0) 20 3207 7800
 IFC Advisory Limited (Financial PR and Investor Relations)
 Tim Metcalfe, Zach Cohen                   +44 (0) 20 3934 6630

 

About Versarien Plc

 

The strategy of Versarien Plc (AIM:VRS) is to be a globally recognised
graphene company with a wide portfolio of high-quality verified materials
allied to the largest relevant IP portfolio supported by its own UK based
research and development centre driving recurring revenue growth through its
innovative graphene product applications.

 

For further information please see: https://www.versarien.com
(https://www.versarien.com)

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