RCS - Versarien PLC - Graphinks™ supply agreement with Montana Química

VersarienAnnouncement

10/03/2025 07:15

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RNS Number : 8960Z  Versarien PLC  10 March 2025

Reach - Non-Regulatory

10 March 2025

Versarien Plc

("Versarien" or the "Company")

Graphinks™ supply agreement with Montana Química

Versarien Plc (AIM: VRS), the advanced engineering materials group, is pleased
to announce, further to the manufacturing licence agreement, know-how licence
and technical assistance agreement entered into with Montana Química LTDA
("Montana"), as announced on 14 March 2024, that it has now signed a two-year
supply agreement to provide certain of the Company's proprietary graphene and
related material dispersions and formulations (Graphinks™) to Montana (the
"Supply Agreement").

Montana is a Brazilian headquartered multinational business focused on the
production and sale of paints, wood preservatives and other wood finishing
products including paints, stains and varnishes.  Versarien understands it is
Montana's intention to utilise the Company's Graphinks™ in application areas
such as construction, composites, coatings and lubricants.

The revenue that Versarien will receive under the Supply Agreement is in
addition to the Company's existing royalty agreement with Montana that
provides an amount equal to 5% of the total sales revenue earned from products
manufactured using Versarien's intellectual property and know-how, subject to
minimum royalty payments of £25,000 per annum.

Commenting, Dr Stephen Hodge, Versarien CEO, stated: "We are delighted to be
deepening our partnership with Montana through this Supply Agreement.  The
Supply Agreement follows the close relationship Versarien has developed with
Montana and their establishment of SOMA, their advanced materials business
unit, in November 2024.  We look forward to further progressing the
collaboration, including welcoming representatives of Montana's business
development team to the UK in May 2025."

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

 

About Versarien:

 

The strategy of Versarien plc (AIM:VRS) is to be a development led advanced
materials company focussed on specific sectors that will lead to a
manufacturing-light and licensing model.

 

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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