Commercial Agreement with MediaDevil

RNS Number : 6356R

Versarien PLC

18 June 2018

 

Versarien plc

("Versarien" or the "Company")

Commercial Agreement with MediaDevil

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has entered into a commercial agreement with PhoneDevil Ltd ("MediaDevil") to launch a new range of earphones and other audio equipment and accessories which will feature Versarien's proprietary Nanene graphene nano platelets and utilise the Nanene brand.

The products, which initially comprise earphones, will be sold on MediaDevil's "MediaDevil.com" online platform, other online retail platforms such as Amazon, along with being supplied to high street retailers and MediaDevil's distribution partners globally.  The agreement will see Versarien's Nanene brand feature on all product packaging, for which Versarien will receive a royalty on each product sold.

In addition, the companies are at an advanced stage of launching a range of mobile phone and tablet device accessories utilising Nanene, which will also feature the Nanene branding.

Callum Bush and Joe Tang, Founders of MediaDevil, said: "We at MediaDevil are very pleased and proud to enter into this partnership with Versarien, the company at the forefront of advanced materials development in the UK.  We've been working on this ambitious project with Versarien for some time and have now reached our goal of incorporating Nanene into audio products, with results surpassing our expectations.  We hope that this partnership will be one way to bring the phenomenal advances in technology that graphene allows to everyone's daily lives."

Neill Ricketts, CEO of Versarien, commented: "We are delighted to have signed this agreement with MediaDevil, which will see our Nanene brand used with consumer goods for the first time.

"Utilising Nanene, MediaDevil will not only be able to supply product with significantly enhanced characteristics, but will be able to promote the advantages of using graphene through the presence of our premier graphene brand.

"The relationship with MediaDevil is an important step for Versarien and illustrates our ability to engage both directly with commercial partners and indirectly with consumers to further promote the benefits that our Nanene branded graphene can provide."

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 Neill Ricketts, CEO Chris Leigh, CFO	01242 269 122
Arden Partners (Nominated Adviser and Broker) Chris Hardie Dan Gee-Summons	020 7614 5900
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong	020 3934 6630

About MediaDevil

MediaDevil is a producer of phone, tablet and laptop accessories, sold under its own brand names and also under internationally known third party brands, predominantly in the fashion industry.  It was awarded UKTI's Business Innovation Award, has a high reputation online for the quality of its products (over eighty thousand 5-star product reviews), and was the first Amazon marketplace seller worldwide to be featured on the Amazon homepage.  One of its phone screen protector products was officially the fourth "most five-star reviewed product" on Amazon.co.uk in a year, ahead of Adele's album "21", and beaten only by Amazon's own Kindle tablet devices.  Further information may be found at: www.mediadevil.com

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, supplies novel inks based on graphene and related materials, using patented processes to develop graphene materials technology for licensing to manufacturers.  www.cambridgegraphene.com  

Thermal and Hard Wear Products

Versarien Technologies Ltd. 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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