14 August 2024
Versarien
plc
("Versarien" or the "Company")
3D Construction
Printing Contract with Building
For Humanity
Versarien plc (AIM: VRS), the
advanced materials engineering group, is pleased to announce that
the Company has entered into a contract with Building
For Humanity for Versarien to act as a
'print partner' to support Building For
Humanity CIC, a community interest company, with a range of
services for its flagship Charter Street project in Accrington,
Lancashire. The contract, initially valued at approximately
£200,000 will see Versarien providing 3D construction printing
("3DCP") input at all stages of the project, giving Building
For Humanity a full service from design to
construction.
As disclosed in the Company's
interim results for the six months ended 31 March 2024, announced
on 6 June 2024, the Company had previously signed a letter of
mutual commitment to support the Charter Street project. The
contract now signed follows the formal commencement of the project,
which will see the development of 46 high-quality affordable homes,
in five blocks, along with associated infrastructure, including a
community hub, led by Building For
Humanity. The initial phase of the project will involve the
construction of the first housing block and the community
hub.
Under the contract, Versarien will
initially provide support to Building For Humanity, and the wider design team, to ensure alignment of
the design with the 3DCP printing parameters, moving to the
provision of staff and full printing services by the Company at the
project's construction stage.
Dr
Stephen Hodge, CEO of Versarien, commented:
"We are delighted to be supporting Building
For Humanity's Charter Street project using
innovative 3DCP technology. This initiative is the
first 3D housing construction project in the UK
and one ideally suited to the services we can provide. This
project is a pivotal opportunity to showcase Versarien's
capabilities in enabling low-carbon, efficient construction
solutions, exemplifying our commitment to innovation and
sustainability."
For
further information please contact:
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Versarien
Stephen Hodge, Chief Executive
Officer
Chris Leigh, Chief Financial
Officer
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c/o IFC
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SP
Angel Corporate Finance (Nominated Adviser and
Broker)
Matthew Johnson, Adam
Cowl
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+44 (0)20 3470 0470
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IFC
Advisory Limited (Financial PR and Investor
Relations)
Tim Metcalfe, Zach Cohen
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+44 (0) 20 3934 6630
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About Versarien:
The strategy of Versarien plc
(AIM:VRS) is to be a development led advanced materials company
focussed on specific sectors that will lead to a
manufacturing-light and licensing model.
For further information please
see: http://www.versarien.com