RCS - Versarien PLC - Umbro Launch

VersarienAnnouncement

01/03/2023 12:00

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RNS Number : 5423R  Versarien PLC  01 March 2023

 

 

 

Reach - Non-Regulatory

 

1 March 2023

 

Versarien plc

("Versarien" or the "Company")

Umbro Launch

 

Launch of Umbro's ProTraining Elite range incorporating Versarien's
Graphene-Wear™

 

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased
to announce the launch of Umbro's ProTraining Elite range, including garments
incorporating the Company's Graphene-Wear™ technology.

 

Versarien has been working with Umbro since 2018 and these are the first
products to be launched in Europe incorporating the Company's technology.
 Umbro's new ProTraining Elite long-sleeve running tops, baselayers and
running tights have Versarien's Graphene-Wear™ ink formula printed on the
inside.  The Graphene-Wear™ formula features novel properties that will
allow wearers to experience enhanced thermal transmittance, increased moisture
management, with improved drying rate, without compromising air or water vapor
permeability.  In particular, these three garments will benefit significantly
from applying Graphene-Wear™ as they are being worn in circumstances where
maintaining core body temperature is more desirable and difficult to
achieve.  The garments also have Versarien's Graphene-Wear™ trademark
applied.

 

In developing its proprietary Graphene-Wear™ technology, Versarien has
invested in extensive wearer trials in partnership with University of
Gloucestershire and in January 2023 Graphene-Wear™ secured OEKO-TEX® Eco
Passport certification, all aimed at giving the Company's partners, such as
Umbro, confidence in the technology.

 

Neill Ricketts, Chief Executive Officer of Versarien, said: "We are delighted
that Umbro are launching their new Pro-Training Elite range onto the market,
incorporating the Company's Graphene-Wear™ technology.  This technology is
designed to provide the garments with novel properties, in particular
regarding their thermo-regulatory properties and the ability to maintain
optimum body temperature, that will significantly enhance the user experience.

 

"We look forward to the Umbro ProTraining Elite garments, incorporating
Graphene-Wear™, being on sale and it showcasing the viability and
attractiveness of using this technology for future products."

 

 

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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