Agreement with Global Apparel Manufacturer

RNS Number : 1641B

Versarien PLC

08 January 2018

 

Versarien plc

("Versarien" or the "Company")

Agreement with Global Apparel Manufacturer

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has signed a collaboration agreement with a global textiles and apparel manufacturer (the "Partner"), which will allow both companies to collaborate on the incorporation of graphene into fabrics and assess its suitability for inclusion in high performance sportswear.

The Partner, who is headquartered in Asia, designs, develops and manufactures a range of different garments for well-known apparel brands globally.  Utilising Versarien's graphene ink technology developed by the Company's subsidiary, Cambridge Graphene Ltd, the collaboration will involve the incorporation of graphene into textiles via yarns and fabric finishes, with the aim of enhancing the fabric properties so that they meet the requirements of certain key application areas that the Partner has identified.

Neill Ricketts, CEO of Versarien, commented: "This agreement is the first major collaboration we have entered into for our graphene ink technology.  Graphene has enormous potential to enhance the properties of fabrics and can also be incorporated within them to enable 'smart clothing' to be developed.  We are delighted to be working with this Partner who counts some of the world's leading apparel brands amongst their customers.

"This agreement demonstrates the wide ranging capabilities of Versarien in the field of graphene and other nano materials.  Coupled with the other agreements we have signed, and those we are discussing with companies globally, this demonstrates the huge number of potential applications for the different types of high quality graphene we can produce.

"We continue to work with our other collaboration partners and on a number of other agreements with similar market leading companies worldwide with a view to the rapid commercialisation of graphene.  Versarien is at the forefront of graphene's commercialisation and this continues to be a very exciting time for the Company.  I look forward to providing further updates on our progress."

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Enquiries:

Versarien                                                                                            01242 269 122

Neill Ricketts, CEO

Chris Leigh, CFO

WH Ireland (Nominated Advisor)                                                     0117 945 3470

Mike Coe

Ed Allsopp

IFC Advisory (Financial PR and IR)                                                 0203 934 6630                

Tim Metcalfe

Graham Herring

Heather Armstrong

About Versarien

Versarien plc (AIM:VRS), is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. Versarien has five subsidiaries operating under two divisions:

Graphene and Plastics

2-DTech Ltd, which specialises in the supply, characterisation and early stage development of graphene products. www.2-dtech.com  

ACC Cyroma Ltd, which specialises in the supply of vacuum-formed and injection-moulded products to the automotive, construction, utilities and retail industry sectors. Using Versarien's existing graphene manufacturing capabilities, AAC will have the ability to produce graphene-enhanced plastic products.  www.aaccyroma.co.uk  

Cambridge Graphene Ltd, which supplies novel inks based on graphene and related materials, using patented processes and develops graphene materials technology for licensing to manufacturers.  www.cambridgegraphene.com  

Thermal and Hard Wear Products

Versarien Technologies Ltd. which has developed an additive process for creating advanced micro-porous metals targeting the thermal management industry and supplies extruded aluminium. www.versarien-technologies.co.uk 

Total Carbide Ltd, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry. www.totalcarbide.com 

 

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