Reach - Non-Regulatory
10 March 2025
Versarien
Plc
("Versarien" or the "Company")
Graphinks™
supply agreement
with Montana Química
Versarien Plc (AIM: VRS), the
advanced engineering materials group, is pleased to announce,
further to the manufacturing licence agreement, know-how licence
and technical assistance agreement entered into with Montana
Química LTDA ("Montana"), as announced on 14 March 2024, that it
has now signed a two-year supply agreement to provide certain of
the Company's proprietary graphene and related material dispersions
and formulations (Graphinks™) to Montana (the "Supply
Agreement").
Montana is a Brazilian headquartered
multinational business focused on the production and sale of
paints, wood preservatives and other wood finishing products
including paints, stains and varnishes. Versarien understands
it is Montana's intention to utilise the Company's Graphinks™ in application areas such as construction,
composites, coatings and lubricants.
The revenue that Versarien will
receive under the Supply Agreement is in addition to the Company's
existing royalty agreement with Montana that provides an amount
equal to 5% of the total sales revenue earned from products
manufactured using Versarien's intellectual property and know-how,
subject to minimum royalty payments of £25,000 per
annum.
Commenting, Dr Stephen Hodge,
Versarien CEO, stated: "We are delighted to be
deepening our partnership with Montana through this Supply
Agreement. The Supply Agreement follows the close
relationship Versarien has developed with Montana and their
establishment of SOMA, their advanced materials business unit, in
November 2024. We look forward to further progressing the
collaboration, including welcoming representatives of Montana's
business development team to the UK in May 2025."
For
further information please contact:
|
Versarien
Stephen Hodge, Chief Executive
Officer
Chris Leigh, Chief Financial
Officer
|
c/o IFC
|
|
SP
Angel Corporate Finance (Nominated Adviser and
Broker)
Matthew Johnson, Adam
Cowl
|
+44 (0)20 3470 0470
|
|
IFC
Advisory Limited (Financial PR and Investor
Relations)
Tim Metcalfe, Zach Cohen
|
+44 (0)20 3934 6630
|
About Versarien:
The strategy of Versarien plc
(AIM:VRS) is to be a development led advanced materials company
focussed on specific sectors that will lead to a
manufacturing-light and licensing model.
For further information please
see: http://www.versarien.com
