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RNS Number : 5619S Versarien PLC 16 November 2021
Reach - Non-Regulatory
16 November 2021
Versarien plc
("Versarien" or the "Company")
Superdry pioneers production of enhanced garments with new partner Versarien
Versarien Plc (AIM:VRS), the advanced engineering materials group, is pleased
to announce the public launch of the Company's commercial collaboration
agreement with DKH Retail Limited, the worldwide wholesale distribution
subsidiary of Superdry plc ("Superdry"). Superdry has announced today its
partnership with Versarien to pioneer the production of graphene-enhanced
garments, using Versarien's GRAPHENE-WEAR(TM) technology, with a view to
importing graphene's thermal and moisture management properties into its
garments.
Superdry has stated that it believes using Versarien's innovative graphene
technology will result in product lines with improved performance and extended
product lifespan, with lower environmental impact in their creation, whilst
also reducing the need to add any virgin material during recycling. Superdry
believes having access to Versarien's scientists and laboratories in
Manchester and Cambridge will accelerate the brand's innovation platform,
enabling Superdry and Versarien to create garments unlike any others on the
market.
The garments that are being developed will exploit the thermal regulatory
properties of Versarien's GRAPHENE-WEAR(TM), creating a premium range of
products adapted and designed to be highly technical and innovative. Control
over thermal transmittance and regulation is intended to help the body manage
its temperature, particularly in extreme climates and circumstances when the
body is under stress. The strength of graphene is another area that is
intended to improve the functionality of the garments, allowing for garments
that will last longer with little fibre failure, increasing the number of
wears and washes per garment, supporting Superdry's commitment to
sustainability.
Commenting, Neill Ricketts, CEO of Versarien, said: "We are delighted that
Superdry has publicly announced our collaboration. Since we started working
with Superdry we have developed a number of sample garments and its decision
to announce the collaboration and the future launch of the products we are
developing together is, I believe, testament to the benefits they see in
utilising Versarien's graphene technology. We look forward to continuing to
work with Superdry to bring these innovative garment ranges to the market as
soon as possible."
For further information please contact:
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/)
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