Nanene Distribution Agreement

RNS Number : 0127X

Versarien PLC

16 February 2017

 

16 February 2017

Versarien plc

Nanene Distribution Agreement

Versarien plc (AIM:VRS) ("Versarien" or the "Company"), the advanced materials group, is pleased to announce it has signed heads of terms regarding a distribution agreement with Lansdowne Chemicals Plc ("Lansdowne Chemicals") for its recently launched new graphene brand Nanene.

Lansdowne Chemicals, a member of the Overlack Group, is a chemical distribution, manufacturing and marketing company with two UK sites and operations in Europe, Asia and the USA.  The agreement, which will be for an initial six months and thereafter terminable on three months notice, will help accelerate Versarien's route to market for Nanene by enabling Lansdowne Chemicals to target customers which Versarien currently has no relationship with.

Further information on Nanene may be found at the dedicated website: www.nanene.com

Robert Moss, Group Managing Director of Lansdowne Chemicals, commented: "The wonder material graphene fits perfectly into our existing, expansive portfolio of specialty chemical additives, underlining our strengths as an innovative global company with a service built on loyalty, enthusiasm and quality.

"Working together, it is our intention that Nanene will increase the efficiency of modern day products, decrease waste and emissions and reduce the current overreliance of finite natural resources. We hope that this will help to support the chemical industry in becoming environmentally sustainable.

"Versarien is a company built on similar philosophies to our own and we have already established a strong relationship. We are very happy for this official partnership to begin and look forward to the future working together."

Neill Ricketts, CEO of Versarien, commented: "Now that we have proven capacity and capability to produce Nanene we need to get this new product to market as quickly as possible, to as many as possible and by every appropriate route.  The agreement with Lansdowne Chemicals will be an important development for us and we are pleased to have secured the support of a significant global chemical distributor.  They are extremely well known to us and we look forward to utilising their distribution channels, especially in Europe."

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.whirelandplc.com
Mike Coe / Ed Allsopp	[phone]
IFC Advisory (Financial PR and IR)	www.investor-focus.co.uk
Tim Metcalfe / Graham Herring / Heather Armstrong / Miles Nolan	[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 five subsidiaries operating under two divisions:

Thermal and Hard Wear Products

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 

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

 

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