AGM Statement

RNS Number : 4445H

Directa Plus PLC

07 June 2017

 

7 June 2017

Directa Plus plc

("Directa Plus" or the "Company")

AGM Statement

Directa Plus (AIM: DCTA), one of the largest producers and suppliers of graphene-based products for use in consumer and industrial markets, announces that at the Annual General Meeting of the Company, which is being held today at 2.30pm, Giulio Cesareo, Chief Executive Officer of Directa Plus, will make the following statement.

"This was a significant year for Directa Plus with the Company completing an IPO, gaining new customers and seeing existing customers launch new products incorporating G+. The Company also improved its production capacity and its development and engineering capability and gained a deeper understanding of the market requirements for our G+ graphene.

"Since the announcement of the full year results, the Company has continued to make good progress working with our customers looking to capture the high-performance benefits of G+ graphene. We have recently received our first order for two different grades of G+ graphene from a leading manufacturer of brake pads (with whom we have a formal JDA) and in the environmental segment, we delivered products for decontamination activities to be performed in the Oil & Gas sector in Nigeria; this was done in collaboration with ENI.

"In respect of the Company's solutions for Environmental Markets, we remain engaged in commercial discussions in Romania, Italy and Oman on the potential rental or sales of our Mobile Decontamination solutions and believe meaningful progress can be announced by the Company in due course.  In the Textiles market, we continue to work closely with global textile producers to explore new applications for G+ including commencing work with Eurojersey on their first graphene enhanced textiles for their leading Sensitive® Fabrics brand. Finally, in the Elastomers market, it was pleasing to see that the winner of the Giro d'Italia, Tom Dumoulin, used G+ graphene tyres at every stage of the tour.  

"In 2017, our intentions are to build on these foundations, continue to further develop our marketing and production processes, and better position ourselves to address market opportunities. In light of the significant opportunities for the Company's G+ products, the Board continues to look to the future with optimism."

Enquiries

Directa Plus plc
Giulio Cesareo, CEO Marco Ferrari, CFO	[phone]
Cantor Fitzgerald Europe (Nominated Adviser and Broker)
Marc Milmo, David Foreman, Michael Reynolds (Corporate Finance) Mark Westcott, Jonnie Cox (Sales)	[phone]
Luther Pendragon (Financial PR)
Harry Chathli, Claire Norbury, Alexis Gore	[phone]

About Directa Plus

Directa Plus is one of the largest producers and suppliers of graphene-based products for use in consumer and industrial markets worldwide. By incorporating Directa Plus' unique graphene blends, identified by the G+ brand, its customers can enhance the performance of their end products without significantly increasing their cost. Directa Plus graphene-based products are natural, chemical-free, sustainably produced and tailored to specific customer requirements for commercial applications such as smart textiles, tyres, composite materials and environmental solutions. 

Established in 2005, the Group has a patented technology process and a scalable and exportable manufacturing model. It produces graphene-based products at its own factory in Lomazzo, Italy, and can set up additional production at customer locations to reduce transport costs, waste and time-to-utilisation. Directa Plus partners with customers to enable them to offer the high-performance benefits of graphene in their own products.

 

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