Graphene enhanced battery collaboration

RNS Number : 7406V

Versarien PLC

20 April 2016

 

20 April 2016

Versarien plc

("Versarien" or the "Company")

Graphene enhanced battery collaboration

Versarien plc (AIM: VRS), the AIM quoted advanced engineering materials group is pleased to announce it has entered into a Memorandum of Understanding ("MOU") with WMG ("Warwick Manufacturing Group") to collaborate on the production of power storage devices such as batteries and supercapacitors using Versarien's graphene nano platelets.

Working with the SME team and battery specialists, Versarien will have access to WMG's expertise and world leading facilities in the Energy Innovation Centre.

WMG was founded by Professor Lord Kumar Bhattacharyya in 1980 to help reinvigorate UK manufacturing. From its inception WMG's mission has been to improve the competitiveness of organisations through the application of value adding innovation, new technologies and skills deployment, bringing academic rigour to industrial and organisational practice. WMG bridges the gap between academia and industry, enabling the development of innovative products.

In the field of batteries, conventional battery electrode materials can be significantly improved when enhanced with graphene. The use of graphene can allow the production of batteries that are lighter, more durable and suitable for high capacity energy storage, as well as shortening charging times.  In addition, the combined use of graphene enhanced batteries and graphene enhanced supercapacitors, which charge and discharge much faster than a battery, could yield substantial benefits in applications such as electric vehicles.

Neill Ricketts, CEO of Versairen plc commented, "We are delighted to be working on this project with WMG and we look forward to developing a technologically advanced lithium battery that will have numerous applications in real life. The expertise in this field cultivated at WMG, University of Warwick, is second to none and the opportunity to be working alongside them is very exciting for Versarien as we look to maintain our position as one of the leading international experts in graphene production and its applications.  We anticipate that the MOU will enable us to collaborate on a number of projects with WMG."

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(TM) 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. which 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  

 

END

 

 

NRAAKKDDABKKDQB