Grant Award

RNS Number : 8327H

Directa Plus PLC

29 November 2022

 

29 November 2022

Directa Plus plc

("Directa Plus" or the "Company")

Grant Award

Lombardy Region funds development of G+® embedded paints and coverings

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, announces the award of a non-repayable grant of €136,000 from the Italian Region of Lombardy for the development of paints and coverings embedded with the Company's G+® graphene nano-platelets.

Directa Plus has been working on the development of new technology for the coatings market for some time and has invented a granular, semi-finished G+® formulation, called Grafyshield.  Grafyshield G+® is designed to be easy to handle and mixable with resins using existing mixing equipment.  The formulation is a universal preparation suitable for both water-based and solvent-based paints and coverings.

The initial targets for the formulation are to bring anti-corrosion and flame-retardant properties to the final paint system.  Potentially, Grafyshield G+® could also enhance the paint's thermal and electrical conductivity, as well as improving anti-friction and anti-fouling performance.

Giulio Cesareo, Founder and Chief Executive of Directa Plus, commented: "Paints and coverings are very large global markets which we believe would be receptive to new, technology-led products.  This grant from the Lombardy local government will help fund Directa Plus to develop these potentially disruptive products in a faster timeframe than we could have achieved using our own resources.  Our thanks go to the Lombardy Region authorities."

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 Securities Limited (Joint Broker)	[phone]
Rick Thompson
Phil Davies
Tavistock (Financial PR and IR)	[phone]
Simon Hudson
Heather Armstrong

Notes to Editors

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. Directa Plus holds the Green Economy Mark from London Stock Exchange which recognises companies that contribute to the global green economy.

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