6 December 2018
("Versarien" or the "Company")
AECOM Collaboration Update
Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has signed a supply agreement to provide Versarien's new graphene enhanced polymer range to AECOM for a current infrastructure project.
This supply agreement follows the collaboration the Company entered into with AECOM, a US headquartered and Fortune 500 company, announced on 24 August 2018. This collaboration covered a project that AECOM and Versarien have been undertaking involving the incorporation of Versarien's graphene nano-platelets into large scale polymer structures used in civil infrastructure projects, with a view to increasing their structural strength.
AECOM have confirmed the first Statement of Work ("SOW") from the supply agreement which includes the supply of 50 kg of Versarien's graphene enhanced polymer material to be delivered in early December 2018, with a further SOW expected to cover the delivery of 200 kg in early January 2019. These quantities will be used for final testing of the structures and upon successful completion of final tests, the companies expect to make further announcements in Q1 2019.
Neill Ricketts, CEO of Versarien, commented: "We are delighted that our collaboration with AECOM has progressed as we had anticipated.
"This application has significant potential for Versarien, as the volumes of graphene that are required in these types of structure are significantly larger than for many other applications given the scale of the structures being produced.
"We look forward to continuing to work with AECOM on the final phases of testing and look forward to making further announcements on this project in the New Year."
Neill Ricketts, CEO
Chris Leigh, CFO
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Arden Partners (Nominated Adviser and Broker)
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IFC Advisory (Financial PR and IR)
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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.
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