Receipt of Graphene REACH Registration

RNS Number : 5029F

Versarien PLC

15 July 2019

 

15 July 2019

Versarien plc

("Versarien" or the "Company")

Receipt of Graphene REACH Registration

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that the Company has secured the required approval from the ECHA, the European Chemicals Agency, to manufacture between one and ten tonnes of graphene per annum.

The EU Registration, Evaluation, Authorisation and Restriction of Chemicals ("REACH") regulations require all companies manufacturing or importing chemical substances into the European Union in quantities of one tonne or more per year to register these substances with the ECHA and receive approval.  Versarien has now received such approval for the substance with EC number 801-282-5, being graphene.

Neill Ricketts, CEO of Versarien, commented: "The manufacture and sale of graphene at these levels requires certain permissions under EU regulations and I am pleased to report that we have been successful in our registration and are now accredited to produce significant volumes of graphene under the EU rules for chemical production.

"This provides us with the required authority to significantly increase our graphene production in order to meet the commercial demand we anticipate."

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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