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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Directa Plus Plc | LSE:DCTA | London | Ordinary Share | GB00BSM98843 | ORD 0.25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 19.20 | 18.40 | 20.00 | 19.20 | 19.20 | 19.20 | 5 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Carbon And Graphite Products | 11.28M | -4.82M | -0.0730 | -2.63 | 12.68M |
TIDMDCTA
Directa Plus PLC
22 June 2020
22 June 2020
Directa Plus plc
("Directa Plus" or the "Company")
China Patent Grant
Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, announces that the Company has been granted its sixth Chinese patent. The grant by the Chinese Patent Office covers the use of the Company's G+(R) graphene technology for bicycle, motorcycle and passenger car tyres as well as truck and bus radial tyres.
Specifically, the patent covers the formula which unlocks the potential of G+(R) technology for the tread component and enables manufacturers to balance the conflicting properties of rolling resistance and grip while enhancing both.
China is one of the main manufacturers of elastomeric compounds for the global tyre industry. The country's own tyre market was estimated to be worth some US$28 billion in 2018 by TechSci Research which forecast the market to grow at a compound annual rate of over ten per cent to reach US$52 billion by 2023.
Commenting, Giulio Cesareo, Founder and CEO of Directa Plus, said: "The grant of a Chinese patent for our G+(R) technology in tyres is a first step towards exploiting China's large and growing market for elastomeric compounds for tyres. Our technology improves performance as well as having a lower carbon footprint than existing technologies as a result of our sustainable and non-toxic production process."
For further information please visit http://www.directa-plus.com/ or contact:
Directa Plus plc +39 02 36714458 Giulio Cesareo, CEO Marco Ferrari, CFO Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker) +44 20 7894 7000 Rick Thompson, Philip Davies, Will Goode(Corporate Finance) N+1 Singer (Joint Broker) +44 20 7496 3069 Mark Taylor Tavistock (Financial PR and IR) +44 20 7920 3150 Simon Hudson, Edward Lee
About Directa Plus
Our focus is principally on the two sectors in which we have strong commercial advantage through developed and launched products and a technological lead: environmental (based on our Grafysorber(R) product) and textiles (based on our G+ products). In addition, we will continue to pursue opportunities in elastomers and composites (including tyres and asphalt), also using our G+ products. All our products are hypoallergenic, non-toxic and sustainably produced.
-ends-
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
June 22, 2020 02:00 ET (06:00 GMT)
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