REG - Versarien PLC - USA Update

VersarienAnnouncement

09/05/2019 07:00

RNS Number : 4117Y
Versarien PLC
09 May 2019
 


9 May 2019
Versarien plc
("Versarien" or the "Company")
USA Update
Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to provide an update on the Company's recent activities in the United States of America.
 
Further to the announcement of 21 March 2019, the Company is pleased to report that it is now fully operational at its new US office and laboratory facility in Houston, Texas, which is designed to act as a hub for the Company's activities in North America.
 
The establishment of this US hub has already enabled the Company to accelerate its progress in North America with various new partners, in addition to the work it has been undertaking with the US National Graphene Association and various existing collaboration partners in the region.
 
New agreements that have been recently entered into with partners in North America, include:
 
·    An agreement with a US manufacturer of speciality plastic packaging and transportation vessels for volatile chemicals to explore the use of Versarien's graphene to enhance these products, in particular to reduce weight and improve the barrier properties of the vessel materials.
·    A collaboration agreement with a North American graphene focussed company to investigate the addition of Versarien's graphene to certain polymer resins for the production of products used in the consumer goods market.
·    A collaboration agreement with a leading US producer of carbon nanotubes to explore the combination of Versarien's graphene with carbon nanotubes to evaluate potential performance enhancements for a variety of products and systems, primarily in the fields of energy storage and polymer resins.
·    A collaboration agreement with NovoCarbon Corporation, a US-based, clean technology minerals processing company, supplying customers with innovative, high quality value-added carbon products.  This collaboration agreement covers the establishment of graphene supply chain components to facilitate the use of the Company's graphene products in the consumer goods and other sectors.
 
As previously announced, the Company will be a leading participant in the American Graphene Summit, being hosted by the National Graphene Association (NGA) in Washington DC on 21 and 22 May 2019.  The summit, keynoted by Senator Roger Wicker, intends to bring together leaders of US industry and government agencies and key international figures in the graphene sector to engage in a dialogue on shaping the global architecture surrounding graphene technologies and its impact on the US and global economy.
 
Neill Ricketts, CEO of Versarien, commented: "We are very pleased to have our dedicated facility in Houston up and running.  This has enabled us to more efficiently progress a number of new and existing relationships and accelerate our traction in the US.  We now have relationships with over 25 companies in North America, encompassing sectors as diverse as automotive, aerospace, consumer goods, oil & gas, sports equipment and speciality plastics.
"We continue to receive a high number of enquires for the supply of our graphene and other 2D materials from leading US companies and others globally.  Versarien is now truly operating on a global basis and I look forward to providing further updates on our activities with our multiple collaboration partners in due course."
 
Enquiries:



Versarien
Neill Ricketts, CEO
Chris Leigh, CFO


+44 (0)1242 269 122




Canaccord Genuity (Nominated Adviser and Broker)
Bobbie Hilliam
Emma Gabriel


+44 (0)20 7523 8000




IFC Advisory (Financial PR and IR)
Tim Metcalfe
Graham Herring
Heather Armstrong


+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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