REG - Versarien PLC - 3D Construction Printing Contract

VersarienAnnouncement

14/08/2024 07:00

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RNS Number : 3331A  Versarien PLC  14 August 2024

14 August 2024

 

Versarien plc

 

("Versarien" or the "Company")

 

3D Construction Printing Contract with Building For Humanity

 

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased
to announce that the Company has entered into a contract with Building For
Humanity for Versarien to act as a 'print partner' to support Building For
Humanity CIC, a community interest company, with a range of services for its
flagship Charter Street project in Accrington, Lancashire.  The contract,
initially valued at approximately £200,000 will see Versarien providing 3D
construction printing ("3DCP") input at all stages of the project, giving
Building For Humanity a full service from design to construction.

 

As disclosed in the Company's interim results for the six months ended 31
March 2024, announced on 6 June 2024, the Company had previously signed a
letter of mutual commitment to support the Charter Street project. The
contract now signed follows the formal commencement of the project, which will
see the development of 46 high-quality affordable homes, in five blocks, along
with associated infrastructure, including a community hub, led by Building For
Humanity.  The initial phase of the project will involve the construction of
the first housing block and the community hub.

 

Under the contract, Versarien will initially provide support to Building For
Humanity, and the wider design team, to ensure alignment of the design with
the 3DCP printing parameters, moving to the provision of staff and full
printing services by the Company at the project's construction stage.

 

Dr Stephen Hodge, CEO of Versarien, commented: "We are delighted to be
supporting Building For Humanity's Charter Street project using innovative
3DCP technology.  This initiative is the first 3D housing construction
project in the UK and one ideally suited to the services we can provide.
This project is a pivotal opportunity to showcase Versarien's capabilities in
enabling low-carbon, efficient construction solutions, exemplifying our
commitment to innovation and sustainability."

 

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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