RCS - Versarien PLC - Umbro to Utilise Versarien’s Graphene-Wear Tech

VersarienAnnouncement

10/05/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220510:nRSJ8439Ka&default-theme=true

RNS Number : 8439K  Versarien PLC  10 May 2022

Reach - non-regulatory announcement

 

10 May 2022

Versarien Plc

 

("Versarien", or the "Company")

 

Umbro to Utilise Versarien's Graphene-Wear™ Technology

 

Versarien Plc (AIM: VRS), the advanced engineering materials group, is pleased
to announce that global sportswear brand Umbro will integrate Versarien's
Graphene-Wear™ technology into its Elite Pro-Training Kit range, initially
for the 2023 spring/summer collection.

 

Versarien has been working on several projects with Umbro since 2018 and this
is the first to lead to products being launched. Versarien's Graphene-Wear™
ink formula will be printed on the inside of the new Elite Pro-Training Kit
garments.  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.  The garments will also have Versarien's Graphene-Wear™
trademark applied.

In developing the Graphene-Wear™ technology, Versarien has invested in
extensive wearer trials in partnership with The University of Gloucester,
product testing to international standards with a recognised testing house and
the publication of a white paper, all aimed at giving the Company's partners,
such as Umbro, confidence in the technology.

The Company looks forward to providing further updates in due course as
Umbro's new Elite Pro-Training Kit range is rolled out.

Colin Lomas, Head of Global Product for Umbro, commented: "As a brand, we are
dedicated to constantly pushing the boundaries of our product innovation.  In
the nearly 100 years since Umbro was founded, we have created many
world-firsts, such as the introduction of Sportswool and X-Static on football
kits in the early 2000s or more recently the use of ProWeave on football
boots.  This is another major step forward for us and we are pleased that
after a long experimentation phase with Versarien, we can now introduce this
innovation."

Commenting, Versarien's CEO, Neill Ricketts, said: "Graphene-Wear™ is a
novel technology with benefits for the wearer in terms of performance and
comfort.  This technology was developed in Manchester, which is also the home
of Umbro.  We are very excited to work with a brand with Umbro's deep-running
experience in performance products and we look forward to the products going
on sale to consumers."

For further information please contact:

 

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

 SP Angel Corporate Finance (Nominated Adviser and Joint Broker)
 Matthew Johnson                                                  +44 (0) 20 3470 0470

 Ewan Leggat

 Adam Cowl

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

 Ciaran Walsh

 IFC Advisory Limited (Financial PR and Investor Relations)
 Tim Metcalfe                                                     +44 (0) 20 3934 6630

 Zach Cohen

 

About Versarien

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: http://www.versarien.com
(http://www.versarien.com)

 

About Umbro

 

Wherever there is Football, there is Umbro - since 1924.  Founder Harold
Humphreys believed that if you look smart, you play smart.  He believed that
products crafted with style and true insight gave Umbro athletes a competitive
advantage.  It's a principle Umbro still celebrates today.

 

Confidence in yourself and the product you are wearing is the ultimate
performance booster.  For this reason, the design of Umbro's collections is
never just about the look, everything has been applied for a reason, blending
insight and innovation with style and experience gained over many decades.
With this in mind, Umbro create apparel, footwear and equipment for lovers of
the game, from pro to grass roots players, from fans to those inspired by
Football Culture.

 

More than 120 teams around the world choose Umbro for their unique passion and
understanding of the game. Teams include: West Ham United, Brentford, Burnley
(English Premier League); FC Schalke 04, Werder Bremen, Dynamo Dresden (German
Bundesliga); Rayo Vallecano (La Liga); Stade de Reims (French Ligue 1); Heart
of Midlothian (Scottish Premiership); Club Atlético Rosario Central
(Argentinean Primera Division); Santos, Grêmio, Fluminense, Club Athletico
Paranaense, Sport Club do Recife and Chapecoense (Brazilian Série A);
América de Cali S. A. (Colombian Primera A); Nacional (Uruguayan Primera
División); Herediano (Costa Rican Liga FPD); Gamba Osaka (Japanese J1);
Seongnam FC (South Korea); Al Ahly SC (Egyptian Premier League); National
teams - Benin, Botswana, El Salvador, Eswatini, Guatemala, Jamaica, Lesotho,
Iraq, Namibia, Republic of Ireland, Sierra Leone, Uganda, Zimbabwe.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAALMFTMTBMBIT