Directa Plus PLC Contract with Alfredo Grassi to supply G+ graphene (0321S)
28 September 2017 - 4:02PM
UK Regulatory
TIDMDCTA
RNS Number : 0321S
Directa Plus PLC
28 September 2017
28 September 2017
Directa Plus plc
("Directa Plus" or the "Company")
New contract with Alfredo Grassi to supply G+ graphene for high
performance workwear
Directa Plus plc (AIM: DCTA), a producer and supplier of
graphene-based products for use in consumer and industrial markets,
is pleased to announce that it has signed its first contract to
supply high performance technical textiles with Graphene Plus (G+)
to Alfredo Grassi S.p.A., a leading manufacturer of customised
protective clothing, workwear and uniforms for private and public
organisations globally.
This follows the Company signing a Joint Development Agreement
("JDA") with Alfredo Grassi to assess the potential benefits that
can be delivered by incorporating Directa Plus' graphene into their
extensive range of workwear products. Under this JDA, the Company
has been working closely with Alfredo Grassi to produce an initial
range of workwear clothing that Alfredo Grassi presented to tender
for a contract with a national company.
Alfredo Grassi was successful with this tender and has been
awarded a contract by an Italian state-owned company to provide
workwear containing Directa Plus' G+ graphene for all of its
employees. Accordingly, Alfredo Grassi has signed a supply contract
for G+ graphene with Directa Plus that is expected to generate
revenues for Directa Plus of approximately EUR0.6m over the next 18
months, of which EUR0.2m has been placed (the "Contract").
"Over the past six months we have focused on a fewer number of
selected customers where there is the prospect of significant
future revenue," said Giulio Cesareo, Chief Executive Officer of
Directa Plus. "We are proud to be collaborating with Alfredo Grassi
who have a successful track record of producing clothing that
leverages their established heritage combined with the
technological advances of their partners. The workwear market
represents a major opportunity for G+ and we are pleased to have
secured our first order with Alfredo Grassi, who are a significant
supplier of workwear to public and private enterprises globally.
Our partnership is deepening and we look forward to working
together to develop and market new product lines, based on our
shared commitment to quality, innovation and
environmental-sustainability, and to bringing them to the
market."
"As a company who continually look for innovative materials,
while paying attention to environmental sustainability, we have
found an ideal partner in Directa Plus," added Roberto Grassi, CEO
of Alfredo Grassi. "Together, we will seek to improve the level of
comfort and protection offered by our products through the use of
innovative fabrics made using graphene, and I am sure that we will
continue to work on further projects together both in the workwear
and the public administration sectors."
Enquiries
Directa Plus plc
--------------------------------------- ----------------
Giulio Cesareo, CEO
Marco Ferrari, CFO +39 02 36714458
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Cantor Fitzgerald Europe (Nominated
Adviser and Broker)
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Marc Milmo, David Foreman, Callum
Butterfield (Corporate Finance) +44 20 7894
Mark Westcott (Sales) 7000
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Luther Pendragon (Financial PR)
--------------------------------------- ----------------
Harry Chathli, Claire Norbury, Alexis +44 20 7618
Gore 9100
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About Directa Plus
Directa Plus is one of the largest producers and suppliers of
graphene-based products for use in consumer and industrial markets
worldwide. By incorporating Directa Plus' unique graphene blends,
identified by the G+ brand, its customers can enhance the
performance of their end products without significantly increasing
their cost. Directa Plus graphene-based products are natural,
chemical-free, sustainably produced and tailored to specific
customer requirements for commercial applications such as smart
textiles, tyres, composite materials and environmental
solutions.
Established in 2005, the Company has a patented technology
process and a scalable and exportable manufacturing model. It
produces graphene-based products at its own factory in Lomazzo,
Italy, and can set up additional production at customer locations
to reduce transport costs, waste and time-to-utilisation. Directa
Plus partners with customers to enable them to offer the
high-performance benefits of graphene in their own products.
About Alfredo Grassi
Founded in 1925, Alfredo Grassi S.p.A. has more than 90 years of
experience in the manufacture of PPE, protective clothing and
uniforms. A leader in Italian and international markets, it
encompasses five business units - workwear, military, law
enforcement, fire and safety and ballistic protection - offering a
range of products from standard workwear to customised technical
and protective clothing for private companies as well as for law
enforcement and other public organisations.
Whilst headquartered in Italy, Alfredo Grassi has wholly-owned
manufacturing facilities, located in Romania, Tunisia and Albania,
with more than 1,200 employees, guaranteeing maximum production
capacity and flexibility. It is this flexibility that distinguishes
Alfredo Grassi from its competitors. It has a vertical production
process whereby there is complete control of all the production
phases, from weaving through cutting to manufacturing the finished
product, in accordance with UNI EN ISO 9001:2015 standards. The
close interaction between the production sites enables monitoring
of each stage of the production process.
Information on the JDA
The initial focus under the JDA is on garments with linings
printed with G+ graphene combined with waterproof, breathable
textiles. The presence of G+ graphene, which has been independently
certified as non-toxic and non-cytotoxic, produces a
technically-advanced fabric with unique properties. In particular,
it is highly thermally conductive, allowing a homogeneous
distribution of the heat produced by the human body in cold
temperatures and a heat dispersion effect in hot temperatures.
Similarly, it is able to rapidly dissipate antistatic charges. It
also has a bacteriostatic effect whereby bacteria do not
proliferate on the fabric. As a result, the garments will be
ideally suited for activities where the dissipation of antistatic
charges and heat management are required.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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