RCS - Versarien PLC - Flux Footwear to launch graphene enhanced shoe

VersarienAnnouncement

22/02/2022 07:00

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RNS Number : 3449C  Versarien PLC  22 February 2022

Reach - Non-Regulatory

22 February 2022

Versarien Plc

("Versarien" or the "Company")

Flux Footwear to launch shoe enhanced by Versarien's graphene technology

Versarien (AIM: VRS), the advanced materials engineering group, is pleased to
announce that, following a collaboration with US-based Flux Footwear LLC
("Flux"), an adaptive footwear company, the Company will be supplying graphene
enhanced elastomers to Flux to bring an improved model of Flux's 'Adapt' shoe,
the 'AdaptMid', to market.

Under the terms of the partnership, the 'Adapt' barefoot athleisure model has
been enhanced with Versarien's Graphene-Wear™ technology, following research
and testing to improve the rubber outsole, augmenting the shoe's mechanical
and physical properties. The new model, the 'AdaptMid', provides greater
durability through improved abrasion resistance whilst maintaining the shoe's
traction characteristics.

Flux will be launching the 'AdaptMid' model in Autumn/Winter 2022. Ahead of
the launch, a limited number of shoes can be pre-ordered in the UK directly
through the Versarien products website via the following link:
www.versarienproducts.co.uk (http://www.versarienproducts.co.uk) .

This technology has been developed by the Company's in-house technology teams
at University of Manchester and University of Cambridge as part of the GSCALE
project and has the potential for multiple elastomer projects.

Neill Ricketts, CEO of Versarien, commented:

"I am delighted to announce the pre-launch of Flux's 'AdaptMid' shoe, enhanced
by Versarien's Graphene-Wear™ technology, our first footwear product to
market. As more products enhanced using Versarien technology are coming to
market, there is now a definite shift within the Company towards
commercialisation.

"It is great that our supporters are able to pre-order via our Versarien
products website ahead of the full launch by Flux later in the year."

Enquiries:

 

 Versarien                                                            +44 (0)1594 887204

 Neill Ricketts, CEO

 Chris Leigh, CFO
 SP Angel Corporate Finance (Nominated Adviser and Joint Broker)      +44 (0)20 3470 0470

 Matthew Johnson, Ewan Leggat, Adam Cowl

 Berenberg (Joint Broker)                                             +44 (0)20 3207 7800

 Mark Whitmore, Ciaran Walsh

 Yellow Jersey (Investor Relations)                                   +44 (0)20 3004 9512

 Charles Goodwin

 Henry Wilkinson

 Versarien@yellowjerseypr.com (mailto:Versarien@yellowjerseypr.com)

 

Notes to Editors:

 

About Versarien

Versarien Plc (AIM: VRS), is an advanced engineering materials group.
Leveraging proprietary technology, the Group creates innovative engineering
solutions for its clients in a diverse range of industries.

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

 

About Flux

Flux LLC was founded in 2020 to create adaptive shoes that that move with
rather than against foot movement, by utilising low profile floating cushion
pods and tread that contours to the foot.

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

 

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