Co-operation agreement with Alfredo Grassi S.p.A.

RNS Number : 1866Y

Directa Plus PLC

07 May 2019

 

7 May 2019

Directa Plus plc

("Directa Plus" or the "Company")

Directa Plus signs co-operation agreement with Alfredo Grassi S.p.A.

Directa Plus (AIM: DCTA), a producer and supplier of graphene nanoplatelets-based products for use in consumer and industrial markets, is pleased to announce that the Company has signed an exclusive agreement with Alfredo Grassi S.p.A., ("Grassi") to broaden an existing collaboration in the development of graphene enhanced workwear and expand into military outerwear.

Grassi, are a leading Italian workwear and outerwear manufacturer, who have been operating since 1925. Directa Plus have been working in partnership with Grassi for the last three years and have produced more than 80,000 metres of fabric enhanced with G+ pristine graphene nanoplatelets, that have been used in the manufacture of thousands of garments.

The agreement between Directa Plus and Grassi provides for up to three years of exclusive co-operation in the relevant sectors.

The main objectives are:

·     To promote the uptake of graphene enhanced, advanced workwear and military outerwear in Italy, in most of Europe, and North Africa;

·     To develop new products suitable for end users in the relevant industrial verticals;

·     To build a greater joint understanding of market trends and drivers affecting demand for such products; and

·     To offer end users the maximum level of sustainability along the entire supply chain

Giulio Cesareo Founder & CEO of Directa Plus said: "We already have an excellent relationship with Grassi, having worked together on product development, product design and marketing for more than three years.

"We have a number of active projects that we are already working on in partnership with Grassi, which we hope will result in significantly increased sales of G+ enhanced garments. We are particularly excited about new product development plans for military and professional and workwear applications.

"Directa Plus' commercial relationship with Grassi has already proved mutually beneficial for both companies and we are very pleased to be able to extend and deepen our partnership."

Roberto Grassi CEO of Alfredo Grassi S.p.A.  said:

"We are proud to work with Directa - a company with which we share the same focus and attention on innovation, sustainability, safety and wellness of the end users.

"A common interest in technological innovation and the open sharing of key information will drive both companies to achieve significant successes."

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

Directa Plus plc	[phone]
Giulio Cesareo, CEO
Marco Ferrari, CFO
Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker)	[phone]
Rick Thompson, Philip Davies Will Goode (Corporate Finance)
Caspar Shand Kydd (Sales)
N+1 Singer (Joint Broker)	[phone]
Mark Taylor, Lauren Kettle
Tavistock (Financial PR and IR)	[phone]
Simon Hudson, Edward Lee, Barnaby Hayward

About Directa Plus

Our focus is principally on the two sectors in which we have strong commercial advantage through developed and launched products and a technological lead: environmental (based on our Grafysorber® product) and textiles (based on our G+ products). In addition, we will continue to pursue opportunities in elastomers and composites (including tyres and asphalt), also using our G+ products.  All our products are hypoallergenic, non-toxic and sustainably produced.

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