Collaboration Agreement with Ambienthesis S.p.A.

RNS Number : 8149I

Directa Plus PLC

29 November 2018

 

29 November 2018

Directa Plus plc

("Directa Plus" or the "Company")

Collaboration Agreement with Ambienthesis S.p.A.

Directa Plus (AIM: DCTA), a producer and supplier of graphene-based products for use in consumer and industrial markets, is pleased to announce that the Company has signed a collaboration agreement ("the Agreement") with Ambienthesis S.p.A. ("Ambienthesis"). 

Ambienthesis specialises in the reclamation, environmental remediation and treatment, recovery and disposal of hazardous and non-hazardous waste. Its areas of expertise include: environmental remediation; disposal and recovery of industrial waste; design, construction and management of systems for the disposal and recovery of industrial waste and energy production. Ambienthesis is listed on the Milan Stock Exchange.

The agreement will involve the evaluation, development and promotion of products, plants and services, which will be used for the remediation of soil and groundwater and industrial waste waters at Ambienthesis' plant in Orbassano, Turin. The materials will use the Company's G+ graphene products, particularly Grafysorber®. Grafysorber® has been independently tested¹ to demonstrate that the material performs at least five times better than the other adsorbent products currently on the market, at a very low cost to high efficiency ratio, and the used adsorbent material can be recovered and recycled.

Testing will start at the beginning of 2019 and will be performed using a mobile treatment plant provided by Directa Plus, specifically engineered for the project.  The collaboration agreement will be divided into two phases: phase one will last approximately six months and will aim to verify the treatment capacity for various types of liquid waste that will be the subject of studies and experiments.  The outcome of phase one will then define the basis of a potential commercial agreement between the parties as the second phase of the process.

Commenting on the agreement, Giulio Cesareo, Founder and CEO of Directa Plus, said: "Extending the use of our advanced Grafysorber® product into the industrial waste and soil remediation markets is an important step forward.  This agreement with Ambienthesis potentially expands our target sectors for environmental treatment services significantly and follows our strategy of using locally based, but internationally active, Italian companies as a springboard to global markets."

¹ ENI Spa - Upstream and Technical Services - TEAMB_Tecnologie Ambientali - via Felice Maritano, 26 20097 San Donato Milanese (Italy)

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, Sophie Praill, Edward Lee

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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