Agreement with REDA Energy for Grafysorber

RNS Number : 8773S

Directa Plus PLC

19 July 2022

 

19 July 2022

Directa Plus plc

("Directa Plus" or the "Company")

Commercial Agreement with REDA Energy Ltd to Distribute Grafysorber Products

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelet based products for use in consumer and industrial markets, announces that it has signed a Commercial Agreement ("the Agreement") with REDA Energy Ltd ("REDA") to distribute Grafysorber® oil response products in certain agreed territories. REDA, a division of the REDA Group, is a leading Tier 1 chemical manufacturer and supplier of products and services to global oil and gas sector.

The Commercial Agreement follows successful testing of the products by REDA customers in the North Sea.  These customers particularly appreciated the lightness and simplicity in handling, the effectiveness of absorption, and the reduced amount of plastic used in Grafysorber® booms and pillows.  As a result of feedback from REDA Energy, Directa Plus has been able to further improve its oil spill response products, enhancing their ease of use and performance.

The first order from REDA for Grafysorber® products predates the Agreement and was delivered in June 2022 and comprised thousands of pillows and barriers.  REDA will place a second similar order to build a minimum safety stock of products to cover northern Europe and will commence the distribution of Grafysorber® products to REDA customers.

Directa Plus's patented Grafysorber® technology is a graphene-based solution for treating water sludges and emulsions containing hydrocarbons and is at least five times more effective than current technologies - adsorbing more than 100 times its own weight of oil-based pollutants.  In addition, Grafysorber® is sustainably produced, non-flammable and reusable, with the adsorbed hydrocarbons recoverable.

Commenting, Giulio Cesareo, Founder and CEO of Directa Plus, said: "Our environmental strategy is to offer our partners products designed to help their customers to achieve their sustainability targets more easily, more cheaply and faster.  The Agreement with REDA represents an important milestone in the commercialisation of Grafysorber® products in international oil producing regions with the North Sea being the first.  REDA brings added value capabilities to this key vertical for Directa Plus, accelerating the development and growth of our products and services."

For further information please visit http://www.directa-plus.com/ or contact:

Directa Plus plc	[phone]
Giulio Cesareo, CEO / Giorgio Bonfanti, CFO
Cenkos Securities plc (Nominated Adviser and Joint Broker)	[phone]
Neil McDonald / Adam Rae
Singer Capital Markets (Joint Broker)	[phone]
Rick Thompson / Phil Davies
Tavistock (Financial PR and IR)	[phone]
Simon Hudson / Heather Armstrong

About Directa Plus

Directa Plus (www.directa-plus.com) is one of the largest producers and suppliers of graphene-based products for use in consumer and industrial markets. The Company's graphene manufacturing capability uses proprietary patented technology based on a plasma super expansion process. Starting from natural graphite, each step of Directa Plus' production process - expansion, exfoliation and drying - creates graphene-based materials and hybrid graphene materials ready for a variety of uses and available in various forms such as powder, liquid and paste.

This proprietary production process uses a physical process, rather than a chemical process, to process graphite into pristine graphene nanoplatelets, which enables Directa Plus to offer a sustainable, non-toxic product, without unwanted by-products. Directa Plus' products are made of hybrid graphene materials and graphene nano-platelets. The products (marketed as G+®) have multiple applications due to its properties. These G+® products can be categorised into various families, with different products being suitable for specific practical applications.

Directa Plus was established in 2005 and is based in Lomazzo (Como, Italy) and has been listed on the AIM market of the London Stock Exchange since May 2016. The Company holds the Green Economy Mark from London Stock Exchange which recognises companies that contribute to the global green economy.

About the REDA Group

The REDA group is a leading manufacturer and distributor providing industrial business-to-business solutions. Delivering a broad range of technology-based products and solutions in the fields of fire protection, safety and security, speciality chemicals, food ingredients, oilfield services, process and laboratory equipment.

With more than 2,600 employees worldwide, including 600 engineers and scientists, we have an unrelenting commitment to excellence in everything we do.  The company operates an international network with more than 90 locations in 40 countries. The REDA group has evolved into a diversified enterprise with businesses across selected industrial sectors.

Contact

Gordon Moir (MD) [phone]

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