Versarien begins partnership with large consumer goods group

Josh White WebFG News | 17 Nov, 2017 15:28 - Updated: 15:28 | | |

cash money sterling pound



17:18 15/12/17
  • 13,888.66
  • 0.32%44.43
  • Max: 13,888.66
  • Min: 13,809.88
  • Volume: 0
  • MM 200 : n/a
17:25 15/12/17
  • 1,014.92
  • 0.01%0.13
  • Max: 1,016.55
  • Min: 1,013.24
  • Volume: 0
  • MM 200 : n/a
17:25 15/12/17
  • 0.00
  • 0.00%0.00
  • Max: n/a
  • Min: n/a
  • Volume: n/a
  • MM 200 : n/a
17:17 25/09/06

Advanced materials group Versarien announced on Friday that it has now started collaborating with one of the “world’s largest consumer goods groups” to enable the pair to work together on research, development and testing of Versarien's proprietary Nanene few layer graphene nano-platelets in polymer structures.

The AIM-traded company had announced in its trading update on 3 November that it was in advanced negotiations with two of the world's largest consumer goods groups - one of which was the new partner.

Versarien said the partner provided its first Nanene purchase order to Versarien.

The Nanene would be incorporated into polymer structures, primarily for packaging applications, for testing and evaluation, with a view to improving material strength, moisture control and recyclability.

Advanced negotiations were said to be continuing with a number of other multinational companies, including in the consumer goods sector, with a view to them collaborating with Versarien on the commercialisation of graphene enhanced products.

“We are delighted to be working with this new partner, which is a global leader in a number of consumer goods segments and whose products are household names,” said Versarien CEO Neill Ricketts.

“It is testament to the quality of our team and our products that we are able to take on these global high volume opportunities.”

Ricketts said the latest collaboration, coupled with the others that the company had already entered into, demonstrated the “very wide ranging potential” for graphene and that Versarien was rapidly establishing itself as “the go-to supplier” of high quality graphene.

“The quality of our graphene, coupled with our research capabilities in conjunction with the Universities of Manchester and Cambridge gives us an unrivalled position and is putting us at the forefront of its commercialisation.

“Our recent fund raise is allowing us to rapidly scale up our graphene production capabilities and we are seeing ever increasing interest from global OEMs.”

The company was currently showcasing our graphene technology at the IDTechEx show in Santa Clara, California, where Ricketts said the firm had been “delighted” with the interest received on the first day of the show - including many from large global companies.

“I look forward to providing further updates on our progress during this exciting time for Versarien.”

More news

17 Dec Sunday newspaper round-up: Poundland, Lloyds, Brexit, broadband, Amazon

The scandal-hit parent company of high street discount chain Poundland will this week face key creditors and insurers at a meeting that could determine the future of its British retail operations. Poundland is already under intense pressure after Atradius - one of the credit insurers on which suppliers rely to ensure they get paid - reduced its cover for the group. Reliable industry sources say another credit insurer, Euler Hermes, is also considering cutting cover. - The Sunday Times

15 Dec London close: Footsie gains as pound drops, Wall Street hits fresh highs

The top flight index recovered some ground on Friday, but mostly on account of weakness in Sterling after German Chancellor Angela Merkel reportedly echoed other European Union officials, saying "the most difficult phase is ahead of us".

15 Dec Week ahead: US data, Catalan elections in focus

The focus in the coming week will continue to be on the ebb and flow of data out of the US, including Republicans' progress on securing passage of their tax cuts.

15 Dec US open: Stocks jump as Republicans move to secure passage of tax cuts

Wall Street is heading higher again on Friday amid news that Republicans were tweaking their proposed tax cuts in order to secure prompt passage of the US tax bill.

15 Dec Airbus chief executive to step down in board shake-up

The chief executive of French planemaker Airbus will step down from his position in 2019 as the company announced a major shake-up of its management team.

15 Dec FTSE 250 movers: TalkTalk rises but Serco gives back gains

London’s FTSE 250 was up 0.1% to 20,023.23 in afternoon trade on Friday as the Christmas lull kicked in.

15 Dec US industrial production rises slightly less than expected in November

Industrial production in the States rose slightly less quickly than expected last month, despite higher output of business equipment and materials.

15 Dec Strategic Minerals renegotiates acquisition of Leigh Creek Copper Mine

Diversified mineral production and development company Strategic Minerals announced on Friday that, after the successful completion of technical and financial due diligence on the Leigh Creek Copper Mine company, it has agreed to continue with the acquisition on renegotiated terms.

15 Dec FTSE 100 movers: Sky jumps but retailers retreat on H&M sales

London’s FTSE 100 was up 0.3% to 7,469.23 in quiet afternoon trade on Friday.

15 Dec Gfinity partners with Microsoft for next Halo World Championship

International esports entertainment group Gfinity has been named as a preferred event partner to Microsoft for the forthcoming ‘Halo World Championship 2018’ for the next season, it announced on Friday.