Extension of DIT Secondment

RNS Number : 3972U

Versarien PLC

29 March 2019

 

29 March 2019

Versarien plc

("Versarien" or the "Company")

Extension of DIT Secondment

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that Matt Walker, who has been on secondment to the Company since May 2018 from the UK Government's Department for International Trade ("DIT"), has had his secondment extended for a further year to May 2020.

The DTI have agreed that given Matt's contribution to Versarien's overseas investment ambitions, in particular in China and South Korea, existing collaborations and overall furtherment of Versarien's international business it is appropriate that his secondment is extended.

Neill Ricketts, CEO of Versarien, commented: "We are delighted that the DIT have agreed to extend Matt's secondment for a further year.  Matt has already provided a significant contribution to Versarien, particularly with regard to our activities in Asia and with a number of our collaboration partners.  We look forward to continuing to benefit from his skills and experience as we further process our international business.

"I would like to express my sincere thanks to the Department for International Trade and the UK Government more widely for their continued support, and in particular their faith in Versarien through continuing to second such a senior resource."

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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