Directa Plus PLC Second significant order from Alfredo Grassi (5025T)
July 04 2018 - 2:00AM
UK Regulatory
TIDMDCTA
RNS Number : 5025T
Directa Plus PLC
04 July 2018
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
4 July 2018
Directa Plus plc
("Directa Plus" or the "Company")
Directa Plus receives second significant order from Alfredo
Grassi
Directa Plus plc (AIM: DCTA), a producer and supplier of
graphene-based products for use in consumer and industrial markets,
is pleased to announce it has received a further order from Alfredo
Grassi S.p.A. ("Grassi") worth an initial EUR0.70 million to supply
high performance technical textiles with Graphene Plus (G+). This
follows Grassi winning an additional tender to provide G+ enhanced
workwear.
Grassi is a leading manufacturer of customised protective
clothing, workwear and uniforms for private and public
organisations internationally and Directa Plus and Grassi have been
working closely together to incorporate G+ into Grassi's workwear
products. Grassi has placed an order with Directa Plus worth
EUR0.70 million. It is anticipated that this order will be
delivered in the current financial year. The Board believes this
order represents the largest amount of textile material to be
treated with graphene nanoplatelets by any company in the world to
date.
Directa Plus has received this new order from Grassi following
Grassi's successful public tender to provide workwear incorporating
G+ to an Italian government agency. This is the second such tender
to be won by Grassi, having already supplied G+-enhanced workwear
to an Italian state-owned company. Workwear represents a
significant addressable market for the Company's G+ and in Italy
alone there are approximately 250,000 law enforcement, fire and
safety and military personnel whose clothing needs to be renewed
every three years. Directa Plus and Grassi continue to work
together to develop and market new product lines and the Board
remains excited about the future opportunities that this
partnership could bring.
Giulio Cesareo, Chief Executive Officer of Directa Plus, said:
"We are delighted to have been awarded our second major order from
Alfredo Grassi and to be deepening our relationship with a key
partner. G+ is a truly revolutionary additive product for the
textiles market that is chemical free, providing significant
benefits in terms of thermal regulation, heat dissipation and
energy harvesting, as well as conferring antistatic, bacteriostatic
and flame-retardant properties. This new order to supply workwear
clothing incorporating G+ expands our joint activities with Grassi
and we believe that there remain significant opportunities for
Directa Plus in the textiles market, especially in workwear. We
continue to work with an increasing number of global textile
manufacturers and brands, and believe that Directa Plus has a clear
and sustainable lead in this key market."
Enquiries
Directa Plus plc
Giulio Cesareo, CEO
Marco Ferrari, CFO +39 02 36714458
-----------------
Cantor Fitzgerald Europe (Nominated Adviser
and Broker)
-----------------
Marc Milmo, David Foreman (Corporate Finance)
Alex Pollen, Caspar Shand Kydd (Sales) +44 20 7894 7000
-----------------
Luther Pendragon (Financial PR)
-----------------
Harry Chathli, Claire Norbury, Alexis Gore +44 20 7618 9100
-----------------
About Directa Plus
Directa Plus is one of the largest producers and suppliers of
graphene-based products for use in consumer and industrial markets
worldwide. By incorporating Directa Plus' unique graphene blends,
identified by the G+ brand, its customers can enhance the
performance of their end products without significantly increasing
their cost. Directa Plus graphene-based products are natural,
chemical-free, sustainably produced and tailored to specific
customer requirements for commercial applications such as smart
textiles, tyres, composite materials and environmental
solutions.
Established in 2005, the Company has a patented technology
process and a portfolio of product and application patents. It
produces its graphene-based products at its own factory in Lomazzo,
Italy, with a scalable and exportable manufacturing model enabling
the set-up of additional production at customer locations to reduce
transport costs, waste and time-to-utilisation. Directa Plus
partners with customers to enable them to offer the
high-performance benefits of graphene in their own products.
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
CNTRJMRTMBJMBFP
(END) Dow Jones Newswires
July 04, 2018 02:00 ET (06:00 GMT)
Directa Plus (LSE:DCTA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Directa Plus (LSE:DCTA)
Historical Stock Chart
From Apr 2023 to Apr 2024