Versarien Share Discussion Threads

[grabster] 13/12/2024 08:28

- could be, but
Lots of players in the energy storage field, some with bigger funding.

[smokeyjohnson] 13/12/2024 08:24

Plenty of forward selling no doubt not for the upcoming raise, that's probably already dealt with, but the one after the next share split. Or I suppose this grant might, with the help of the upcoming raise get them to the AGM without a split.

[red army] 13/12/2024 08:19

Time for another decent cash raise on the back of this news

[red army] 13/12/2024 08:18

This could be a game changer ie world beater in battery storage

[wheeze] 13/12/2024 08:09

Progress made by the new management in a short space of time helps illustrate what a destructive force Neil Ricketts was.

[pwhite73] 13/12/2024 08:03

Great news but the grant is one thing getting industry to bite and place orders is another and this is essentially what VRS and all other graphene companies are pushing for assisted by government green targets.

[joeblogg2] 13/12/2024 07:28

How much was Gnanomat bought for?? Excess of £1.20 per share ???

[grabster] 13/12/2024 07:20

13 December 2024

Versarien Plc

("Versarien", the "Company" or the "Group")

€804,000 Grant Award

Versarien Plc (AIM: VRS), the advanced engineering materials group, is pleased to announce that the Company's 90% owned subsidiary, Gnanomat S.L. ("Gnanomat"), has been awarded a grant ("Grant") of approximately €804,000 (approximately £663,000) to finance a project relating to next generation energy storage devices based on Gnanomat's advanced materials technology. The Grant is expected to be received as one single payment before the end of 2024.

The Grant covers 70% of Gnanomat's anticipated costs, including day-to-day fixed costs, in relation to a 24-month project to elevate the technology readiness level (TRL) of GnanoCaps, an innovative and eco-friendly energy storage device, that leverages Gnanomat's proprietary hybrid nanomaterials platform to create optimised energy storage solutions. They combine the high power and rapid recharge capabilities of supercapacitors, with improved energy delivery, enhanced safety, and the use of clean electrolytes, eliminating explosion risks associated with lithium-ion batteries.

Gnanomat's proposal for GnanoCaps was awarded the Seal of Excellence under the European Innovation Council (EIC) Accelerator programme in October 2020. As announced on 17 July 2024, Gnanomat was unable to access the Grant prior to Versarien's conversion of its convertible loan in Gnanomat due to debt restriction rules.

Commenting, Dr Stephen Hodge, Versarien CEO, stated: "I am delighted that Gnanomat has been awarded this substaintial grant to further develop their GnanoCaps technology. Grant income is key to derisking R&D and unlocking the potential in Versarien's technologies. With GnanoCaps we have an energy storage technology that offers significant performance advantages over currently available solutions and has wide ranging applications. I believe there is a significant potential for GnanoCaps to play a role in a wide variety of energy storage applications from next-generation electric vehicles to those in industrial and infrastructure areas, particularly those in ATEX (explosive atmospheres) environments. Gnanomat, together with the wider Versarien team, is eager to commence this project, building on the extensive groundwork already accomplished by the Group in this area."


That last point will be of interest to many coal mining companies around the world.

[joeblogg2] 13/12/2024 07:20

Morning nice news just need innovate uk now to forego loan as VRs helping build company and taking on apprenticeships̷0;

[grabster] 13/12/2024 07:18

"..I believe there is a significant potential for GnanoCaps to play a role in a wide variety of energy storage applications from next-generation electric vehicles to those in industrial and infrastructure areas, particularly those in ATEX (explosive atmospheres) environments."

That last point will be of interest to many coal mining companies around the world.

[siggs44] 13/12/2024 07:06

An excellent RNS - good luck to the team.

[festario] 12/12/2024 21:33

I feel you

[kemche] 12/12/2024 21:32

Fest, I can be street when called for. You get me?

[festario] 12/12/2024 21:12

Did you just say Bell End?

[kemche] 12/12/2024 18:31

The only way out is a consolidation and one more go at the Rogers. After that the inevitable denouement that has been writ large since I fist arrived here. They will have finally run out of chumps. Will they learn from the experience? I very much doubt it.

At least SG will no longer be hounding people and threatening them with violence.

Child torturers!!!

[sadolgit] 12/12/2024 17:59

hxxps://www.innovationnewsnetwork.com/graphene-safety-tested-in-first-human-trial/43863/#:~:text=A%20study%20has%20shown%20that,adverse%20effects%20on%20cardiovascular%20function.

[1manchild] 12/12/2024 17:58

Being EBITDA positive is helpful but is not life saving - and frankly speaking i will believe it when i see it with our CFO anyway.

Pwhite - you do always make me laugh - directly at you may i add - with your ever increasing range of nonsense. not once have i ever thought or announced that a smooth talking spiv should take over from the current CEO. this is you on the jackanory as usual when in fact it is you who is in a complete mess with your predictions - loyalties - inflated 'what might happen next' talk, with the latter being extremely embarrassing. im genuinely smiling and cringing at the same time when thinking about how excited you get in your own little world only for it all to flop - and then we have to go through it all again. In pwhitewinterwonderland we are in with the government one week - NASA the week after - yet the reality is we have nothing and so you need to give it a rest. You havent actually got much right with this share and company as you spout supposition time and time again.

just to be clear once again - we need connections - networks - diversity - experience - track records - even a little bit of enthusiasm and spirit would help. we dont want the doom and gloom we saw on the screen the other night - and we dont want any spivy car salesmen either. just a nice happy medium where a team has some spark - proactive and interesting news - basically someone to get the positive vibe going again and can deliver something diverse in the short term to then reap the future graphene rewards.

listening to the vrs presentation was like watching paint dry. it was painful and it wasnt honest at all.

[zydecoco] 12/12/2024 17:35

PW, For sure Survival is their issue right now (self sufficient or not) - they could still go under.The problem I and many here see is without a measurable and committed target for substantial Sales Revenue beyond that AND A TIMESCALE for that then what is their purpose and how can anyone judge their potential (and ambition). Cynically one may say EBITDA sometime next year is a stop gap to keep people willing to invest and the Board in jobs.I cannot invest in an outfit which could be just trying to keep the lights on for their own self interests. th

[sadolgit] 12/12/2024 17:07

Proof of growing utilizing of the tech
Niobium-graphene batteries offer challenge to lithium-ion
Niobium-graphene batteries that charge in under 10 minutes and last for 30 years have been undergoing tests at in Singapore.

[pwhite73] 12/12/2024 16:11

zydecoco - The first stage for this company is to be self-sufficient. Once self-sufficient it can survive financially without having to come to the markets every three months for more money at ever lower prices. As graphene is still a nascent but fast growing industry by default if VRS is self sufficient it will then go on to make substantial profits as commercial traction is gained. I reiterate because of the CEO who is a scientist VRS is up there with the very best of them. At this stage its all about the science not wise talking smooth spivs as 1manchild seems to think.

As per the presentation the CFO says the company is on track to become EBITDA positive in the H2 2025.

[zydecoco] 12/12/2024 15:54

PW, if your goal for VRS is simply Survival, then EBITDA alone will indeed allow the company to run forever, making potentially , as you say 50 pence.But if the goal is Thriving then you need a Top line measure of Revenue. It seems you have no goal for that.It seems very revealing that you are looking at survival for VRS, when most shareholder Investors are clearly looking for value growth and so share price climb which clearly comes from Revenue growth. Your measure of success lacks ambition to say the least. maybe the board has the same problem.

[bigboots] 12/12/2024 15:36

You guessed it, another placing before Christmas.....

Burning £170,000 per month....