REG - Versarien PLC - Agreement with Global Chemical Major <Origin Href="QuoteRef">VRS.L</Origin>

VersarienAnnouncement

04/12/2017 07:05

RNS Number : 2194Y
Versarien PLC
04 December 2017
Versarien plc
("Versarien" or the "Company")
Agreement with Global Chemical Major
Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has signed an agreement with a US headquartered global chemical supplier (the "Partner"), which will allow to both companies to begin collaborating across a number of projects.
The Partner, a Fortune 100 company, will use Versarien's proprietary Nanene few layer graphene nano-platelets, along with other 2D products manufactured by Versarien, in different potential applications. Both groups will work together on research, development and testing of compounded materials, with the objective of replacing incumbent additives across different chemical variants to improve material performance.
Specifically, this partnership gives Versarien and its Partner the opportunity to evaluate and process samples for speciality packaging applications and barrier technology, as well as allowing both parties to better understand the future opportunities of further agreements. 
Neill Ricketts, CEO of Versarien, commented:"This agreement is another significant collaboration we have agreed to date. We look forward to working closely with our Partner to test and develop materials containing both our high quality Nanene and other 2D materials we are developing.
"This agreement with one of the world's largest chemical and specialist material groups further demonstrates that Versarien is rapidly establishing itself as the go-to supplier of high quality graphene and other potentially industry disruptive 2D materials.The fact that we are able to offer not just high quality product, but have significant research capabilities in conjunction with the Universities of Manchester and Cambridge, gives us a strong competitive position and is putting us at the forefront of graphene's commercialisation.
"We continue to work on a number of other agreements, with similar market leading companies worldwide and I look forward to providing further updates on our progress during this exciting time for Versarien."
This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
Enquiries:

Versarien
Neill Ricketts, CEO
Chris Leigh, CFO
01242 269 122
WH Ireland (Nominated Advisor)
Mike Coe
Ed Allsopp
0117 945 3470
IFC Advisory (Financial PR and IR)
Tim Metcalfe
Graham Herring
Heather Armstrong
0203 053 8671  
 
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. Versarien has five subsidiaries operating under two divisions:
Graphene and Plastics
2-DTech Ltd, which specialises in the supply, characterisation and early stage development of graphene products.www.2-dtech.com
ACC Cyroma Ltd, which specialises in the supplyof vacuum-formed and injection-moulded products to the automotive, construction, utilities and retail industry sectors. Using Versarien's existing graphene manufacturing capabilities, AAC will have the ability to produce graphene-enhanced plastic products.www.aaccyroma.co.uk
Cambridge Graphene Ltd, whichsupplies novel inks based on graphene and related materials, using patented processes and develops graphene materials technology for licensing to manufacturers.www.cambridgegraphene.com
Thermal and Hard Wear Products
Our hard wear parts business has successfully relocated to its new premises and has been fully operational for the period under review. I am pleased to report that it has returned to profitability and is diversifying away from its traditional oil and gas business into sectors such as aerospace, where we reported its largest single order, which was in excess of 200,000. Since then we have continued to receive additional aerospace orders from other customers, albeit on a smaller scale.
As stated in the last annual report our copper foam still generates some interest with enquiries still being received. However, our technology focus is on graphene where we feel the most reward lies.

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