Versarien PLC BiaBrazil to utilise Graphene-Wear Technology
26 September 2022 - 4:01PM
RNS Non-Regulatory
TIDMVRS
Versarien PLC
26 September 2022
Reach - Non-Regulatory
26 September 2022
Versarien plc
("Versarien" or the "Company")
BiaBrazil to utilise Versarien's Graphene-Wear(TM)
Technology
Versarien plc (AIM: VRS), the advanced materials engineering
group, is pleased to announce that BiaBrazil, a leading Brazilian
sports and active wear manufacturer, has announced it has signed a
commercial agreement with Versarien which will see the integration
of Versarien's Graphene-Wear(TM) technology into a new range of
women and men's active wear garments.
The companies have been working together for the past 16 months,
including undertaking extensive trials with local supply chain
partners in Brazil. The Graphene-Wear(TM) formula will enable
wearers to experience enhanced thermal transmittance, increased
moisture management and faster drying rates. The garments will also
have the Graphene-Wear(TM) trademark applied. It is anticipated
that further announcements will be made on launch dates in due
course with garments expected to be available for sale in Q1 2023
in the UK, along with existing retailers worldwide.
In partnership with University of Gloucestershire, Versarien has
subjected this new technology to extensive wearer trials. Further,
the Graphene-Wear(TM) ink formula has been tested to international
standards, resulting in the publication of a white paper all aimed
at giving partners such as BiaBrazil great confidence in this
innovation.
" We are hugely excited to be in partnership with BiaBrazil.
Through our partnership we will be able to create garments that
have been designed with comfort, style and design in mind, whilst
also maintaining high levels of quality and performance with our
Graphene-Wear(TM) technology." said Versarien's CEO, Neill
Ricketts.
" As an innovative sports and activewear brand, we provide
clothing ranges that provide our wearers with garments that not
only help them in their sports performance but also increase their
self-confidence. Working with the Versarien team, we have designed
a next-generation clothing range. We are excited about the next
stage of our partnership as we look to production and delivery of
our range to market." stated Beatriz Dockhorn, Founder and CEO
BiaBrazil.
For further information please contact:
Versarien Plc
Neill Ricketts - Chief Executive Officer +44 (0) 1594 887204
Chris Leigh - Chief Financial Officer
SP Angel Corporate Finance (Nominated Adviser and Joint Broker)
Matthew Johnson Ewan Leggat
Adam Cowl +44 (0) 20 3470 0470
Berenberg (Joint Broker)
Mark Whitmore Ciaran Walsh +44 (0) 20 3207 7800
IFC Advisory Limited (Financial PR and Investor Relations)
Tim Metcalfe
Zach Cohen +44 (0) 20 3934 6630
About Versarien Plc
The strategy of Versarien Plc (AIM:VRS) is to be a globally
recognised graphene company with a wide portfolio of high-quality
verified materials allied to the largest relevant IP portfolio
supported by its own UK based research and development centre
driving recurring revenue growth through its innovative graphene
product applications.
For further information please see:
https://www.versarien.com
About BiaBrazil
Founded in 1994, in the city of Porto Alegre, by Beatriz
Willhelm Dockhorn, BiaBrazil was created to supply a need of the
market and of the founder: authentic pieces for sports that combine
beauty, comfort and functionality. Just two years after its
foundation, the brand was already shipping its first export order,
becoming the first Brazilian micro company to export. Since then,
the presence in the foreign market has only increased, and today it
can be found in more than 60 countries and is the largest exporter
of active wear clothing in Brazil.
For further information please see https://www.biabrazil.com
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