8 July 2019
Versarien plc
("Versarien" or the "Company")
Japanese Graphene Order
Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that the Company has secured its first graphene orders from the North American corporate research and development centre of a Japanese headquartered company. This customer is a global automotive components company that has operations in over 40 countries, employing in excess of 250,000 people (the "Customer").
After initial graphene quality testing trials, the Customer, has placed development orders for 1kg each of Versarien's high purity graphene nano platelets ("GNP-HP") and Nanene. The Customer's principle operations focus on leading-edge automotive materials and process development, and the development of next-generation, vehicle-related, information and communications technology.
Neill Ricketts, CEO of Versarien, commented: "We are very pleased to have secured this order, our first from a Japanese headquartered company.
"This order emphasises the importance to the Company of the seconded employees from the Department for International Trade and their ability to access key markets and truly global corporations. We look forward to working with this customer to help them maximise the benefits the addition of our graphene can bring to a number of their products."
Enquiries:
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Versarien Neill Ricketts, CEO Chris Leigh, CFO |
+44 (0)1242 269 122 |
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Canaccord Genuity (Nominated Adviser and Broker) Bobbie Hilliam Emma Gabriel |
+44 (0)20 7523 8000 |
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IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong |
+44(0)20 3934 6630
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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.
Gnanomat S.L. ("GNA"), based in the Parque Cientifico
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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