Versarien PLC Nanene Distribution Agreement
16 February 2017 - 6:00PM
RNS Non-Regulatory
TIDMVRS
Versarien PLC
16 February 2017
16 February 2017
Versarien plc
Nanene Distribution Agreement
Versarien plc (AIM:VRS) ("Versarien" or the "Company"), the
advanced materials group, is pleased to announce it has signed
heads of terms regarding a distribution agreement with Lansdowne
Chemicals Plc ("Lansdowne Chemicals") for its recently launched new
graphene brand Nanene.
Lansdowne Chemicals, a member of the Overlack Group, is a
chemical distribution, manufacturing and marketing company with two
UK sites and operations in Europe, Asia and the USA. The agreement,
which will be for an initial six months and thereafter terminable
on three months notice, will help accelerate Versarien's route to
market for Nanene by enabling Lansdowne Chemicals to target
customers which Versarien currently has no relationship with.
Further information on Nanene may be found at the dedicated
website: www.nanene.com
Robert Moss, Group Managing Director of Lansdowne Chemicals,
commented: "The wonder material graphene fits perfectly into our
existing, expansive portfolio of specialty chemical additives,
underlining our strengths as an innovative global company with a
service built on loyalty, enthusiasm and quality.
"Working together, it is our intention that Nanene will increase
the efficiency of modern day products, decrease waste and emissions
and reduce the current overreliance of finite natural resources. We
hope that this will help to support the chemical industry in
becoming environmentally sustainable.
"Versarien is a company built on similar philosophies to our own
and we have already established a strong relationship. We are very
happy for this official partnership to begin and look forward to
the future working together."
Neill Ricketts, CEO of Versarien, commented: "Now that we have
proven capacity and capability to produce Nanene we need to get
this new product to market as quickly as possible, to as many as
possible and by every appropriate route. The agreement with
Lansdowne Chemicals will be an important development for us and we
are pleased to have secured the support of a significant global
chemical distributor. They are extremely well known to us and we
look forward to utilising their distribution channels, especially
in Europe."
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:
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:
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
Cambridge Graphene Ltd, which supplies novel inks based on
graphene and related materials, using patented processes and
develops graphene materials technology for licensing to
manufacturers. www.cambridgegraphene.com
This information is provided by RNS
The company news service from the London Stock Exchange
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February 16, 2017 02:00 ET (07:00 GMT)