Appointment of BEIS Secondee

RNS Number : 0728R

Versarien PLC

26 February 2019

 

26 February 2019

Versarien plc

("Versarien" or the "Company")

Appointment of BEIS Secondee

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that Yi Luo is joining Versarien on secondment from the UK Government's Department for Business, Energy & Industrial Strategy ("BEIS") as Deputy Head of International Strategy and Government Relations.  Yi will replace Peter Jay who is returning to the Department for International Trade ("DIT") to take up a new senior role.

Yi will be focussed on progressing the Company's international expansion, particularly in China, working alongside Matt Walker who has been on secondment to Versarien from the DIT since May 2018.

Yi read Natural Sciences at Cambridge University, majoring in chemistry, and is completing her PhD in organic chemistry at University College London, alongside her work for the UK Government.  Her previous roles in Government have included working with the DIT's London and Devolved Administrations teams, where she provided analytical insights to help achieve foreign direct investment targets.  Following this, she was a Private Secretary for ex-BEIS Minister Lord Prior, covering technology, rail and materials.  Her most recent role was as a Senior Policy Adviser for the BEIS Future Sectors team, where she led the team's international portfolio, pushing forward the Government's robotics and drones agenda, and was responsible for publishing the artificial intelligence sector deal as part of the Government's industrial strategy to put the UK at the forefront of the AI and data-driven economy.

Neill Ricketts, CEO of Versarien, commented: "I would like to thank Peter for his significant contribution to Versarien over the last six months, particularly in relation to the development of our business in China.  During that period we have made substantial progress in China through entering into partnerships with a number of leading manufacturers across a variety of sectors, together with securing formal relationships with Chinese provincial government bodies.

"I look forward to Versarien benefiting from Yi's skills and experience to help further progress both our existing Chinese relationships and others that we are discussing.  I would again like to thank the BEIS and DIT for their support and I am confident that Versarien's plans in China and globally will contribute to DIT's goal of ensuring there is an economic benefit to the UK from our overseas activities."

Enquiries:

Versarien Neill Ricketts, CEO Chris Leigh, CFO	[phone]
Canaccord Genuity (Nominated Adviser and Broker) Bobbie Hilliam Emma Gabriel	[phone]
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong	[phone]

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 six 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  

AAC Cyroma Limited, 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 Limited, supplies novel inks based on graphene and related materials, using patented processes to develop graphene materials technology.

  www.cambridgegraphene.com

Gnanomat S.L. ("GNA"), based in the Parque Cientifico Madrid, Spain, is a company capable of utilising Versarien's graphene products in an environmentally friendly, scalable production process for energy storage devices that offer high power density, almost instant recharging and very long lifetimes for use in electrical vehicles and portable electronics products.www.gnanomat.com 

Hard Wear and Metallic Products

Versarien Technologies Limited 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 Limited, 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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