Versarien PLC Commercial Agreement with MediaDevil (6356R)
18 June 2018 - 4:00PM
UK Regulatory
TIDMVRS
RNS Number : 6356R
Versarien PLC
18 June 2018
Versarien plc
("Versarien" or the "Company")
Commercial Agreement with MediaDevil
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to announce that it has entered into a commercial
agreement with PhoneDevil Ltd ("MediaDevil") to launch a new range
of earphones and other audio equipment and accessories which will
feature Versarien's proprietary Nanene graphene nano platelets and
utilise the Nanene brand.
The products, which initially comprise earphones, will be sold
on MediaDevil's "MediaDevil.com" online platform, other online
retail platforms such as Amazon, along with being supplied to high
street retailers and MediaDevil's distribution partners globally.
The agreement will see Versarien's Nanene brand feature on all
product packaging, for which Versarien will receive a royalty on
each product sold.
In addition, the companies are at an advanced stage of launching
a range of mobile phone and tablet device accessories utilising
Nanene, which will also feature the Nanene branding.
Callum Bush and Joe Tang, Founders of MediaDevil, said: "We at
MediaDevil are very pleased and proud to enter into this
partnership with Versarien, the company at the forefront of
advanced materials development in the UK. We've been working on
this ambitious project with Versarien for some time and have now
reached our goal of incorporating Nanene into audio products, with
results surpassing our expectations. We hope that this partnership
will be one way to bring the phenomenal advances in technology that
graphene allows to everyone's daily lives."
Neill Ricketts, CEO of Versarien, commented: "We are delighted
to have signed this agreement with MediaDevil, which will see our
Nanene brand used with consumer goods for the first time.
"Utilising Nanene, MediaDevil will not only be able to supply
product with significantly enhanced characteristics, but will be
able to promote the advantages of using graphene through the
presence of our premier graphene brand.
"The relationship with MediaDevil is an important step for
Versarien and illustrates our ability to engage both directly with
commercial partners and indirectly with consumers to further
promote the benefits that our Nanene branded graphene can
provide."
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
Neill Ricketts, CEO
Chris Leigh, CFO 01242 269 122
Arden Partners (Nominated Adviser
and Broker)
Chris Hardie
Dan Gee-Summons 020 7614 5900
IFC Advisory (Financial PR and
IR)
Tim Metcalfe
Graham Herring
Heather Armstrong 020 3934 6630
About MediaDevil
MediaDevil is a producer of phone, tablet and laptop
accessories, sold under its own brand names and also under
internationally known third party brands, predominantly in the
fashion industry. It was awarded UKTI's Business Innovation Award,
has a high reputation online for the quality of its products (over
eighty thousand 5-star product reviews), and was the first Amazon
marketplace seller worldwide to be featured on the Amazon homepage.
One of its phone screen protector products was officially the
fourth "most five-star reviewed product" on Amazon.co.uk in a year,
ahead of Adele's album "21", and beaten only by Amazon's own Kindle
tablet devices. Further information may be found at:
www.mediadevil.com
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, supplies novel inks based on graphene
and related materials, using patented processes to develop graphene
materials technology for licensing to manufacturers.
www.cambridgegraphene.com
Thermal and Hard Wear Products
Versarien Technologies Ltd. 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 Ltd, 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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END
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