REG - Versarien PLC - Refractory Materials Collaboration

VersarienAnnouncement

09/10/2019 07:05

RNS Number : 2025P
Versarien PLC
09 October 2019
 


9 October 2019
 
Versarien plc
("Versarien" or the "Company")
 
Refractory Materials Collaboration
 
Versarien Plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has signed a collaboration agreement with Refractory Solutions Insertec S.L.U. ("Insertec"), an international manufacturer of industrial furnaces and refractory products, headquartered in Spain.
Under the collaboration agreement, Versarien and Insertec will be working on a project to incorporate Versarien's Hexotene® into certain of Insertec's refractory materials with a view to enhancing their performance in molten metal applications.
Hexotene® is a few layer hexagonal boron nitride (h-BN) nanoplatelet powder with large lateral dimensions.  Also known as "white graphene", hexagonal boron nitride has a layered structure similar to graphite.  With high chemical purity and mono-layer particles confirmed, Hexotene® was added to Versarien's high performance 2D material product range in March 2018.
Some of the key properties of Hexotene® that the Company believes could be particularly beneficial when added to Insertec's high temperature refractory products include its high thermal stability, high thermal conductivity, high mechanical strength and its resistance to many chemicals and solvents.
Further information on Insertec may be found at: https://www.insertec-store.com/en/
Neill Ricketts, CEO of Versarien, commented:  "I am delighted that Versarien is working with Insertec with a view to enhancing the performance of their ceramics, used in foundries and other areas when molten metals are handled, through the addition of Versarien's Hexotene®.  This is our first collaboration utilising Hexotene® in a high temperature industrial application and we look forward to working with the Insertec team.
"As outlined at the time of our AGM on 24 September 2019 our other key collaborations continue to progress in line with our expectations and I look forward to providing further updates on those, together with new potential applications for our 2D materials that are currently under discussion, in due course."
 
Enquiries:
 



Versarien
Neill Ricketts, CEO
Chris Leigh, CFO
 


+44 (0)1242 269122
 




Canaccord Genuity (Nominated Adviser and Joint Broker)
Bobbie Hilliam
 


+44 (0)20 7523 8000




Berenberg (Joint Broker)
Mark Whitmore
Simon Cardron
 


+44 (0) 20 3207 7800




IFC Advisory (Financial PR and IR)
Tim Metcalfe
Graham Herring
Florence Chandler
 


+44 (0)20 3934 6630



 
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 six 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
 
AAC Cyroma Limited, which specialises in the supply of 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 Limited, supplies novel inks based on graphene and related materials, using patented processes to develop graphene materials technology. www.cambridgegraphene.com
 
Gnanomat S.L. ("GNA"), based in the Parque Cientifico Madrid, Spain, is a company capable of utilising Versarien's graphene products in an environmentally friendly, scalable production process for energy storage devices that offer high power density, almost instant recharging and very long lifetimes for use in electrical vehicles and portable electronics products. www.gnanomat.com
 
Hard Wear and Metallic Products
 
Versarien Technologies Limited has developed an additive process for creating advanced micro-porous metals targeting the thermal management industry and supplies extruded aluminium. www.versarien-technologies.co.uk
 
Total Carbide Limited, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry. www.totalcarbide.com




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