Directa Plus PLC 3 Year Exclusive Agreement with Loro Piana (6746R)
04 March 2019 - 6:00PM
UK Regulatory
TIDMDCTA
RNS Number : 6746R
Directa Plus PLC
04 March 2019
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF
THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
4 March 2019
Directa Plus plc
("Directa Plus" or the "Company")
Three Year Exclusive Agreement with Loro Piana
Directa Plus (AIM: DCTA), a producer and supplier of graphene
nanoplatelets-based products for use in consumer and industrial
markets, is pleased to announce that it has signed an exclusive
agreement ("the Agreement") with Loro Piana for the
commercialisation of Loro Piana fabrics and garments enriched by
the Company's G+ technology. The Agreement is on a worldwide basis
with an initial duration of three years for a minimum value of
EUR800,000.
The extreme sensitivity of Loro Piana to the environment along
its entire value chain fits perfectly with Directa Plus' own
culture: all the Company's products are hypoallergenic, non-toxic
and sustainably produced. Thanks to the Agreement, Directa Plus's
G+ technology will be entering Loro Piana's prestigious supply
chain and will benefit from their global reputation for highest
quality standards.
Giulio Cesareo Founder & CEO of Directa Plus said:
"We are honoured to be working with Loro Piana to incorporate
Directa Plus's innovative G+ Graphene technology into some of their
fabrics and garments. The significant innovations in high quality
fabrics that can be achieved through the use of Directa Plus'
technology will allow increased comfort and performance for the end
users of Loro Piana's products.
"Loro Piana are a byword for the highest quality luxury textile
production and design and we are excited to be able to take the
next steps in materials development together, in line with Directa
Plus' strategy of adding value for partners throughout the textile
supply chain. The Agreement represents further progress in the
commercialisation of Directa Plus' technology."
This announcement has been approved by Giulio Cesareo, Chief
Executive, on behalf of the Company.
For further information please visit
http://www.directa-plus.com/ or contact:
Directa Plus plc +39 02 36714458
Giulio Cesareo, CEO
Marco Ferrari, CFO
Cantor Fitzgerald Europe (Nominated Adviser
and Joint Broker) +44 20 7894 7000
Rick Thompson, Philip Davies Will Goode
(Corporate Finance)
Caspar Shand Kydd (Sales)
N+1 Singer (Joint Broker) +44 20 7496 3069
Mark Taylor, Lauren Kettle
Tavistock (Financial PR and IR) +44 20 7920 3150
Simon Hudson, Sophie Praill, Edward Lee
About Directa Plus
Our focus is principally on the two sectors in which we have
strong commercial advantage through developed and launched products
and a technological lead: environmental (based on our
Grafysorber(R) product) and textiles (based on our G+ products). In
addition, we will continue to pursue opportunities in elastomers
and composites (including tyres and asphalt), also using our G+
products. All our products are hypoallergenic, non-toxic and
sustainably produced.
About Loro Piana
Please visit www.loropiana.com
-ends-
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END
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