VRS Versarien Plc

TIDMVRS

RNS Number : 2025P

Versarien PLC

09 October 2019

9 October 2019

Versarien plc

("Versarien" or the "Company")

Refractory Materials Collaboration

Versarien Plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has signed a collaboration agreement with Refractory Solutions Insertec S.L.U. ("Insertec"), an international manufacturer of industrial furnaces and refractory products, headquartered in Spain.

Under the collaboration agreement, Versarien and Insertec will be working on a project to incorporate Versarien's Hexotene(R) into certain of Insertec's refractory materials with a view to enhancing their performance in molten metal applications.

Hexotene(R) is a few layer hexagonal boron nitride (h-BN) nanoplatelet powder with large lateral dimensions. Also known as "white graphene", hexagonal boron nitride has a layered structure similar to graphite. With high chemical purity and mono-layer particles confirmed, Hexotene(R) was added to Versarien's high performance 2D material product range in March 2018.

Some of the key properties of Hexotene(R) that the Company believes could be particularly beneficial when added to Insertec's high temperature refractory products include its high thermal stability, high thermal conductivity, high mechanical strength and its resistance to many chemicals and solvents.

Further information on Insertec may be found at: https://www.insertec-store.com/en/

Neill Ricketts, CEO of Versarien, commented: "I am delighted that Versarien is working with Insertec with a view to enhancing the performance of their ceramics, used in foundries and other areas when molten metals are handled, through the addition of Versarien's Hexotene(R) . This is our first collaboration utilising Hexotene(R) in a high temperature industrial application and we look forward to working with the Insertec team.

"As outlined at the time of our AGM on 24 September 2019 our other key collaborations continue to progress in line with our expectations and I look forward to providing further updates on those, together with new potential applications for our 2D materials that are currently under discussion, in due course."

Enquiries:

 
 Versarien 
  Neill Ricketts, CEO 
  Chris Leigh, CFO                       +44 (0)1242 269122 
 Canaccord Genuity (Nominated Adviser 
  and Joint Broker) 
  Bobbie Hilliam                         +44 (0)20 7523 8000 
 Berenberg (Joint Broker) 
  Mark Whitmore 
  Simon Cardron                          +44 (0) 20 3207 7800 
 IFC Advisory (Financial PR and IR) 
  Tim Metcalfe 
  Graham Herring 
  Florence Chandler                      +44 (0)20 3934 6630 
 

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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