Versarien PLC Construction Materials Collaboration (7578Y)

TIDMVRS

RNS Number : 7578Y

Versarien PLC

24 August 2018

Versarien plc

("Versarien" or the "Company")

Construction Materials Collaboration

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has signed an agreement with AECOM, a fully integrated global infrastructure firm.

Versarien and AECOM, a US headquartered and Fortune 500 company, which is involved with multiple projects globally, will initially be working on a project involving the incorporation of Versarien's proprietary Nanene few layer graphene nano-platelets into large- scale polymer structures used in civil infrastructure projects, with a view to increasing their structural strength.

Neill Ricketts, CEO of Versarien, commented: "We are very pleased to have entered into this latest graphene application collaboration agreement, the first where our graphene will be incorporated into a large scale structure for use in construction. Should this collaboration progress as we hope the potential for Versarien is considerable, as the volumes of graphene that will be required are significantly larger than for many other applications given the scale of the structures being produced.

"Our existing collaborations continue to progress and I look forward to providing further updates in due course, together with announcing others that are currently in discussion."

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Enquiries:

 
 Versarien 
  Neill Ricketts, CEO 
  Chris Leigh, CFO                                01242 269 122 
 Arden Partners (Nominated Adviser and Broker) 
  Chris Hardie 
  Dan Gee-Summons                                 020 7614 5900 
 IFC Advisory (Financial PR and IR) 
  Tim Metcalfe 
  Graham Herring 
  Heather Armstrong                               020 3934 6630 
 

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:

Graphene and Plastics

2-DTech Ltd, which specialises in the supply, characterisation and early stage development of graphene products. www.2-dtech.com

AAC Cyroma Limited, 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 Limited, supplies novel inks based on graphene and related materials, using patented processes to develop graphene materials technology.

www.cambridgegraphene.com

Hard Wear and Metallic Products

Versarien Technologies Limited has developed an additive process for creating advanced micro-porous metals targeting the thermal management industry and supplies extruded aluminium. www.versarien-technologies.co.uk

Total Carbide Limited, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry. www.totalcarbide.com

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 [e-mail] or visit www.rns.com.

END

MSCEAFPDAEPPEAF

(END) Dow Jones Newswires

August 24, 2018 02:00 ET (06:00 GMT)