Partnership to Develop Automotive Fabrics

RNS Number : 9783I

Directa Plus PLC

22 April 2022

 

22 April 2022

Directa Plus plc

("Directa Plus" or the "Company")

Partnership to Develop Automotive Fabrics

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, announces that it has signed a non-binding Letter of Intent (LOI) with a leading worldwide supplier of automotive interiors to Tier 1 manufacturers.  The partners intend to develop a suite of new products for the automotive industry based on the antimicrobial properties (antibacterial and antiviral), thermal comfort and electrical conductivity properties of the Company's G+® enhanced fabrics. 

The LOI has a 12 month term and sees the partners agree to combine resources, competence and know-how to develop G+® enhanced fabrics into a platform of ready to use products for the automotive industry.  If both parties are satisfied with the results achieved after the 12 months, the partners shall undertake to negotiate a Supply Agreement between the two companies.  Directa Plus is already working with the partner to produce prototypes for a number of global Tier 1 auto manufacturers.

Commenting, Giulio Cesareo, Founder and CEO of Directa Plus, said: "We have developed, with trusted like-minded partners, innovative new products exploiting the properties of our G+® graphene nanoplatelets in fabrics and materials.  These range from workwear, sportswear and shoe applications to industrial filtration applications.  We are delighted to announce this partnership with a respected global innovator with deep knowledge and experience to address automotive interior markets."

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.

-ends-

 

END

 

 

NRAKZGZDMMNGZZZ