TIDMVRS
RNS Number : 0184V
Versarien PLC
31 October 2017
31 October 2017
Versarien plc
("Versarien" or the "Company")
Collaboration with Israel Aerospace Industries
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to announce that it has entered into a
collaboration with Israel Aerospace Industries ("IAI") to enable
both groups to work together to develop and test Versarien's
proprietary Nanene few layer graphene nano-platelets in aerospace
composite structures.
IAI is a world leader in both the defence and commercial
markets, delivering state-of-the-art technologies and systems in
the domains of: air, space, land, sea, cyber, homeland security and
intelligence, surveillance and reconnaissance.
IAI has agreed to purchase Nanene from Versarien, in a variety
of forms, which will then be incorporated into composite panels for
testing and evaluation, with a view to developing commercial
applications for the technology. The collaboration is additionally
expected to incorporate discussions and work with IAI's supply
chain.
Moshe Medina, EVP and General Manager of IAI's Engineering and
Development Group, commented: "IAI looks forward to collaborating
with Versarien on graphene based composites, which we believe will
help us create stronger and multi-functional materials. It is an
ongoing challenge to harnesses the excellent micro-properties of
graphene for enhancement of our composites."
Neill Ricketts, CEO of Versarien, commented: "We are delighted
to be working with IAI, a global leader in aerospace technologies,
to incorporate our graphene into a variety of composite structures.
We will be working closely with the teams at IAI and their
suppliers to test and evaluate the benefits of adding graphene to a
variety of composite structures.
"The agreement with IAI is a significant step forward for
Versarien, our first graphene collaboration in the aerospace
sector, but it is just one example of the global relationships we
are developing. There is increasing interest in the benefits that
high quality graphene, of the types manufactured by Versarien, can
add to material properties and we look forward to announcing
further collaborations in due course."
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
Enquiries:
Versarien 01242 269 122
Neill Ricketts, CEO
Chris Leigh, CFO
WH Ireland (Nominated Advisor) 0117 945 3470
Mike Coe
Ed Allsopp
IFC Advisory (Financial PR and IR) 0203 053 8671
Tim Metcalfe
Graham Herring
Heather Armstrong
About Israel Aerospace Industries
IAI is a world leader in both the defence and commercial
markets, delivering state-of-the-art technologies and systems in
all domains: air, space, land, sea, cyber, homeland security and
ISR. Drawing on over 60 years of experience developing and
supplying innovative, cutting-edge systems for customers around the
world, IAI tailors optimized solutions that respond to the unique
security challenges facing each customer.
IAI employs its advanced and proven engineering, manufacturing
and testing capabilities to develop, produce and support complete
systems - from components, sensors and subsystems all the way to
large-scale, fully-integrated systems of systems.
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 five 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
ACC Cyroma Ltd, 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 Ltd, which supplies novel inks based on
graphene and related materials, using patented processes and
develops graphene materials technology for licensing to
manufacturers. www.cambridgegraphene.com
Thermal and Hard Wear Products
Versarien Technologies Ltd. which owns the exclusive rights to a
patent-protected additive process for creating advanced
micro-porous metals targeting the thermal management industry and
manufactures extruded aluminium heat sinks for the electronics and
computing industries. www.versarien-technologies.co.uk
Total Carbide Ltd, a leading manufacturer in sintered tungsten
carbide for applications in arduous environments such as the oil
and gas industry. www.totalcarbide.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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