Versarien PLC Further Graphene Enhanced PAEK Plastics Agreement (1732S)
19 December 2016 - 6:00PM
UK Regulatory
TIDMVRS
RNS Number : 1732S
Versarien PLC
19 December 2016
19 December 2016
Versarien plc
Further Graphene Enhanced PAEK Thermoplastics Agreement
Versarien plc (AIM:VRS) ("Versarien" or the "Company"), the
advanced materials group, is pleased to announce an agreement with
Fern Plastic Products Ltd ("Fern Plastics") to manufacture
injection moulded products using graphene enhanced
polyaryletherketone (PAEK) materials.
The agreement with Fern Plastics follows the agreement with
Scafell Organics Ltd ("Scafell") announced on 14 December 2016. It
is intended that Versarien will utilise Fern Plastics'
manufacturing facilities and expertise to produce injection moulded
products using graphene enhanced PAEK materials produced through
Versarien's collaboration with Scafell.
Following the agreements with Scafell and Fern Plastics,
Versarien is now able to supply both graphene enhanced PAEK
materials to manufacturers and also has the capability to supply
finished products. It is anticipated that these graphene enhanced
materials and products will be available for sale by Versarien
through its sales team as well as to Scafell and Fern Plastics'
customers.
Iain Graham, Managing Director of Fern Plastics, commented: "We
are proud that Versarien selected Fern. Innovations in polymer
materials are very seldom and this is a unique opportunity for my
team to demonstrate their vast experience in plastic injection
moulding and tools in driving the practical implementation of this
truly remarkable technology."
Neill Ricketts, CEO of Versarien, commented: "Following our
agreement with Scafell we are delighted to have reached agreement
with Fern Plastics to utilise their expertise in injection moulding
to provide us with the capability to produce graphene enhanced PAEK
products. We are seeing a number of enquiries from potential
customers and having the ability to manufacture finished products
sets us apart from other graphene suppliers. We are looking forward
to working with Fern Plastics to supply revolutionary
products."
For further information please contact:
Versarien plc www.versarien.com
Neill Ricketts - Chief Executive +44 (0) 1242 269
Officer 122
Chris Leigh - Chief Financial
Officer
WH Ireland (Nominated Adviser) www.whirelandplc.com
+44 (0) 117 945
Mike Coe / Ed Allsopp 3470
IFC Advisory (Financial PR and www.investor-focus.co.uk
IR)
Tim Metcalfe / Graham Herring
/ Heather Armstrong / +44 (0) 20 3053
Miles Nolan 8671
Notes to Editors:
PAEK Materials
PAEK materials are a family of semi-crystalline thermoplastics
with high-temperature stability and high mechanical strength. They
are used for a very wide variety of specialist applications,
including in the automotive and aerospace industries.
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 four subsidiaries operating under two
divisions:
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
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
This information is provided by RNS
The company news service from the London Stock Exchange
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December 19, 2016 02:00 ET (07:00 GMT)