Verditek PLC Graphene Integrated PV Cell & New JDP (5230C)
18 June 2019 - 4:00PM
UK Regulatory
TIDMVDTK
RNS Number : 5230C
Verditek PLC
18 June 2019
18 June 2019
Verditek PLC
("Verditek" or the "Company")
Verditek and Paragraf announce the world's first Graphene
Integrated PV cell and a new Joint Development Program
Paragraf Ltd ("Paragraf") the leading Cambridge based experts in
graphene electronics technology development, and Verditek plc,
(AIM:VDTK) the clean technology company, have been working together
under a joint development program (RNS Number: 9941Z) to harness
the significant advantages of graphene to improve the performance
of solar power generation over state of the art cells and
modules.
Paragraf's proprietary manufacturing process of large scale,
high quality, graphene has been applied to Verditek's solar
technology and the partners are pleased to announce the successful
completion of their first development project. The program has
developed unique methodologies to successfully produce graphene on
photovoltaic Proof of Concept (PoC) cells, to harness the superior
electrical and mechanical properties that graphene can impart. The
revolutionary cell works without the encumbrance of metallic
busbars or backplates required in conventional PV cells.
The new cell takes advantage of the superior quality of Paragraf
graphene and proprietary manufacturing process to replace
conventional materials with graphene, finally enabling the
properties initially cited in the Nobel prize for Physics awarded
in 2010 to be realized at an industrially significant scale.
Further to this breakthrough, Paragraf and Verditek have agreed
to a second joint development project (JDP) to improve the
performance of the cells, develop the opportunity to file patents
and, upon attainment of additional performance targets, commence
commercial discussions for industrial manufacture and application
of the new material. The second JDP is underway with a fast-track
schedule of objectives.
Dr Simon Thomas, CEO of Paragraf commented: "The potential of
graphene to significantly improve the performance of today's
technologies is enormous. Applying Paragraf technology to mature
materials can create opportunities for improved performance. Our
second project follows on seamlessly from our previous work and
compliments our insights and understanding of graphene-solar cell
combination. Our developments with Verditek will continue to
improve on what we have achieved and demonstrate the potential
Graphene can deliver when great science and engineering are
combined".
Lord David Willetts, Chairman of Verditek commented: "Verditek
is now manufacturing light-weight robust photo-voltaic cells. These
can be deployed in many more ways than heavy conventional cells -
such as on weaker, temporary, or old roofing. We have now
successfully applied graphene to a photo-voltaic (PV) cell.
Graphene can enable our PV cells to be even lighter and more
efficient. It enhances the performance of a PV cell by making it
more conductive and eliminate the need for the electrical
conductors which reduce the area of the cell actually exposed to
sun-light. We have now developed the technique for applying
graphene and produced a working proof of concept silicon/graphene
integrated PV cell.
We are now launching the next stage of our R&D to increase
the performance of these new PV cells so they are more efficient
than conventional cells. At present conventional silicon PV cells
convert approximately 21-23% of the energy they received into
electricity. We aim to get to better than 25%. That is a big
increase in the amount of electricity generated from a given area
of PV cell. Our lightweight and efficient PV cells will then be
used in a much wider range of settings. Our aim is to be able to
apply them to consumer electronics such as laptops so that they can
be self-charging. This is a massive advance for green energy - and
for consumers who will find it much easier to access solar power
than ever before."
To listen to David Willetts, Chair of Verditek talk to BRR Media
about today's breakthrough and the future opportunities click the
link https://verditek.com/
Enquiries:
Verditek plc
RH Lord David Willets FRS (Non-Executive Tel: +44 (0)20 7129 1110
Chairman) enquiries@verditek.plc.uk
Dr Geoffrey Nesbitt (Chief Executive Officer)
Paragraf Ltd
Simon Thomas (Chief Executive Officer) +44 (0)1487 842 117
info@paragraf.com
WH Ireland Limited (NOMAD and Broker) Tel: +44 (0)20 7220 1666
Chris Hardie
Matthew Chan
About Verditek plc
AIM listed Verditek plc is a holding company with three
businesses operating within the clean technology sector. The
Company has a unique liquid gas absorption technology expected to
revolutionize the global CO(2) capture industry; two solar
manufacturing production lines in San Marino each of 25MWp (total
50MWp) producing what is believed to be an innovative and
un-paralleled solar PV building material; and a pioneering
filtration deodorization technology, which is commercially proven
and tackles a wide range of odours within air and water at a high
efficiency.
For more information please visit or contact the following:
https://www.verditek.plc.uk/
About Paragraf ltd.
Paragraf is a spin out from the high-profile Centre for Gallium
Nitride group of Professor Sir Colin Humphreys, in the department
of Materials Science at the University of Cambridge. The novel IP
and know-how developed by Paragraf is starting to deliver the
extraordinary capabilities of two-dimensional materials, improving
current technologies and enabling long speculated, potentially life
changing applications. Through Paragraf's breakthrough, high impact
applications, capable of improving the quality of life globally,
are being brought within reach, for example delivery of
significantly improved efficiency green power generation, such as
solar energy harvesting.
For more information, or just to say hello, contact:
info@paragraf.com, or visit paragraf.com
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCEASKXFDKNEFF
(END) Dow Jones Newswires
June 18, 2019 02:00 ET (06:00 GMT)
Verditek (LSE:VDTK)
Historical Stock Chart
From Apr 2024 to May 2024
Verditek (LSE:VDTK)
Historical Stock Chart
From May 2023 to May 2024