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Share Name Share Symbol Market Type Share ISIN Share Description
Versarien LSE:VRS London Ordinary Share GB00B8YZTJ80 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 124.00p 123.00p 125.00p 124.00p 122.50p 122.50p 208,420 13:03:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 9.0 -1.6 -1.0 - 190.49

Versarien PLC Patent Award

17/12/2018 7:01am

RNS Non-Regulatory


TIDMVRS

Versarien PLC

17 December 2018

Versarien plc

("Versarien" or the "Company")

Patent Award

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that the Company's subsidiary Gnanomat S.L. ("GNA") has been awarded a patent by the Oficina Española de Patentes y Marcas, the Spanish patent office, covering a method of obtaining nanomaterials composed of carbonaceous material (e.g. graphene) and metallic oxides.

Versarien acquired 62% of GNA, based in the Parque Cientifico Madrid, Spain, in September 2018. GNA is using Versarien's graphene products in an environmentally friendly, scalable production process for energy storage devices that offer high power density, almost instant recharging and very long lifetimes for use in electric vehicles and portable electronics products.

The patent covers a key element of this production process, allowing GNA to combine materials such as Versarien's graphene with metallic oxides in a liquid medium at moderate pressures and temperatures. These compounds can be produced in industrial quantities and the patented process allows the physical and chemical properties of the nanomaterials to be fixed by controlling the synthesis parameters. The Company believes that the nanomaterials obtained following this methodology provide good energy storage properties in a reproducible way.

It is the intention of GNA to extend this patent to cover territories including, amongst others, further European countries, the USA, Canada, China, Korea, Japan and India.

Roberto Clemente, GNA's CEO, commented: "The award of this patent is a key step to protect GNA's technology and the future commercial rights of its products. This milestone is part of our strategy to protect all of our key intellectual assets and we anticipate more patents will be developed and incorporated in due course."

Neill Ricketts, CEO of Versarien, commented: "We have been very pleased with the acquisition of GNA and the progress they have been making in recent months. The award of this patent is a key milestone as we continue to develop technology that we believe will enable the development of commercially viable graphene enhanced batteries and other energy storage devices.

"The incorporation of graphene into energy storage devices has the potential to radically enhance their capabilities, meeting the ever increasing demands to improve power density and reduce charging times for everything from hand held devices to electric cars. This is just one example of Versarien's presence at the leading edge of developing commercially relevant graphene based technology."

Enquiries:

 
 Versarien 
  Neill Ricketts, CEO 
  Chris Leigh, CFO                                01242 269 122 
 Arden Partners (Nominated Adviser and Broker) 
  John Llewellyn-Lloyd 
  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 six 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

Gnanomat S.L. ("GNA"), based in the Parque Cientifico Madrid, Spain, is a company capable of utilising Versarien's graphene products in an environmentally friendly, scalable production process for energy storage devices that offer high power density, almost instant recharging and very long lifetimes for use in electrical vehicles and portable electronics products. www.gnanomat.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 rns@lseg.com or visit www.rns.com.

END

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December 17, 2018 02:01 ET (07:01 GMT)

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