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Versarien Partnerd With Asia-Based Textile Firm On Graphene In Fabrics

LONDON (Alliance News) - AIM-listed Versarien PLC on Monday said that it has reached an ...

Alliance News 8 January, 2018 | 9:28AM
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LONDON (Alliance News) - AIM-listed Versarien PLC on Monday said that it has reached an agreement with an Asia-headquartered "global textiles and apparel manufacturer", which will allow both companies to collaborate on the incorporation of graphene into fabrics.

The unnamed partner designs, develops, and manufactures a range of different garments for well-known apparel brands globally, Versarien said.

Using graphene ink technology, developed by the Versarien's subsidiary Cambridge Graphene Ltd, the collaboration will involve the incorporation of graphene into textiles via yarns and fabric finishes, with the aim of enhancing the fabric properties so that they meet the requirements of some key application areas that the partner has identified.

The agreement is the first major collaboration that Versarien has entered into with its graphene ink technology.

Versarien Chief Executive Neill Ricketts said: "We continue to work with our other collaboration partners and on a number of other agreements with similar market leading companies worldwide with a view to the rapid commercialisation of graphene. Versarien is at the forefront of graphene's commercialisation and this continues to be a very exciting time for the company."

Versarien shares were up 8.3% at 68.25 pence each on Monday.

By Toby Woodall; tobywoodall@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Versarien PLC 91.40 GBX -2.25 -

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