Versarien PLC Response to Commentary Regarding US Employee (7951C)
19 June 2019 - 11:16PM
UK Regulatory
TIDMVRS
RNS Number : 7951C
Versarien PLC
19 June 2019
19 June 2019
Versarien plc
("Versarien" or the "Company")
Response to Commentary Regarding US Employee
Versarien plc (AIM: VRS), the advanced materials engineering
group, notes the recent commentary regarding Patrick Abbott, Vice
President North American Operations for Versarien, and the charges
brought against him by the State of Texas.
The Company's position has not changed from the announcement of
4 April 2019. The criminal proceedings in respect of Patrick Abbott
remain ongoing and the Company continues to monitor with advice
from its US attorney.
The Company's commercial operations in the USA continue to
progress. Patrick Abbott will continue in his role with the
Company, under the guidance of the Board and senior management.
Patrick Abbott reports to Neill Ricketts, CEO, who is the head of
the US operations. Patrick Abbott is not a PDMR.
Enquiries:
Versarien
Neill Ricketts, CEO
Chris Leigh, CFO +44 (0)1242 269 122
Canaccord Genuity (Nominated
Adviser and Broker)
Bobbie Hilliam
Emma Gabriel +44 (0)20 7523 8000
IFC Advisory (Financial PR
and IR)
Tim Metcalfe
Graham Herring
Heather Armstrong +44(0)20 3934 6630
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 six 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
AAC Cyroma Limited, 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 Limited, supplies novel inks based on
graphene and related materials, using patented processes to develop
graphene materials technology.
www.cambridgegraphene.com
Gnanomat S.L. ("GNA"), based in the Parque Cientifico Madrid,
Spain, is a company capable of utilising Versarien's graphene
products in an environmentally friendly, scalable production
process for energy storage devices that offer high power density,
almost instant recharging and very long lifetimes for use in
electrical vehicles and portable electronics
products.www.gnanomat.com
Hard Wear and Metallic Products
Versarien Technologies Limited 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 Limited, 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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