Graphene Collaboration with CT Engineering

RNS Number : 9998B

Versarien PLC

23 June 2016

 

23 June 2016

Versarien plc

("Versarien" or the "Company")

Versarien and CT Engineering to Develop Graphene Enhanced Composite Aerospace Components

Versarien plc (AIM: VRS), the AIM quoted advanced engineering materials group and CT Engineering Group UK Ltd are pleased to announce that they have entered into a Memorandum of Understanding ("MOU") to develop novel graphene enhanced composite components for the aerospace industry using Versarien's graphene technology.

Paul Chinnock, General Manager,CT Engineering Group UK, commented: "Our work with Versarien will allow us to develop a whole new generation of aerospace components with market leading material properties and performance levels.  The unique combination of CT Engineering's position as a first tier supplier to Airbus Group specialising in advanced composite research and design, and Versarien's proprietary graphene technology, will rapidly move this venture forward and produce a range of innovative products that will disrupt the current aerospace component market."

Neill Ricketts, CEO of Versarien plc commented: "We are very excited to be working with CT Engineering, a global business, specialising in the design of carbon fibre technology for the aerospace industry, a new sector entry for our technology.  This is yet another illustration of the very real commercial traction being generated by Versarien's graphene technology."

For further information please contact:

Versarien plc	www.versarien.com
Neill Ricketts - Chief Executive Officer	[phone]
Chris Leigh - Chief Financial Officer
WH Ireland (Nominated Adviser)	www.wh-ireland.co.uk
John Wakefield / Ed Allsopp	[phone]
IFC Advisory (Financial PR and IR)	www.investor-focus.co.uk
Tim Metcalfe / Graham Herring / Heather Armstrong	[phone]

Notes to Editors:

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 three subsidiaries:

Versarien Technologies Ltd owns the exclusive rights to a patent-protected additive process for creating advanced micro-porous metals targeting the thermal management industry and manufactures extruded aluminium heat sinks for the electronics and computing industries.    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 

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

About CT Engineering Group UK

CT Engineering Group UK, a 100% owned company of the CT Engineering Group, a first tier supplier to the Airbus group, providing training and signatory level engineers for the product lifecycle.  The CT Engineering Group is an international group with offices in Europe, America, Asia, and a leading supplier of industrial companies in the aviation, automotive, rail, marine, industrial plant, and renewable energy sectors.  A leader in technological innovation throughout the product lifecycle, from concept to post-sales services, the company has an established staff of engineers and technicians proud to participate in innovative industrial programs.  The CT Engineering Group UK are based at the Bristol and Bath Science Park in Bristol and are leading their own research projects in collaboration with the National Composite Centre.   www.thectengineeringgroup.com

 

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