TIDMVRS
Versarien PLC
18 December 2019
18 December 2019
Versarien plc
("Versarien" or the "Company")
Airbus Graphene Flagship Project
Versarien Plc (AIM: VRS), the advanced materials engineering
group, is pleased to announce that it has been selected to
participate in the Graphene Flagship project led by Airbus (the
"Project").
Funded by the European Commission, the Graphene Flagship
facilitates cooperation between its partners, accelerating the
timeline for industry acceptance of graphene technologies. The
Project that Versarien will participate in will be led by Airbus
and will focus on graphene enhanced thermoelectric ice protection
systems.
Ice accumulates on the surfaces of airplanes affecting the
pilot's control of the aircraft. Thermoelectric ice protection
systems prevent this from happening using an ultra-thin conductive
layer to generate heat. The Project, which is categorised by the
Graphene Flagship as a "Spearhead", large-scale commercialisation
project, aims to develop graphene-based thermoelectric ice
protection systems and to advance the technology readiness level of
graphene in these systems.
To fund Versarien's participation in the Project it has received
approval for a EUR350,000 grant from the Graphene Flagship.
Elmar Bonaccurso, Senior Scientist and Project Manager for
Surface Technology at Airbus, commented: "Airbus has been following
the Graphene Flagship from the beginning. Now, after six years of
successful research and development, we are at the right point to
step in with a larger project. We expect that, by using graphene as
a material for ice protection systems, we can reduce the complexity
of these systems to create a system that uses less energy, reduces
fuel consumption and allows us to become more environmentally
friendly in aviation."
Neill Ricketts, CEO of Versarien, commented: "We are very
pleased to be working with Airbus on this key Graphene Flagship
project and to be receiving funding from the Graphene Flagship to
facilitate it. This is another example of Versarien's graphene
technology being deployed in the aerospace sector, one where it has
the potential to add significant value. We look forward to starting
work on this project in the New Year and reporting on its progress
and those of our many other commercialisation projects in due
course."
Enquiries:
Versarien
Neill Ricketts, CEO
Chris Leigh, CFO +44 (0)1242 269122
Canaccord Genuity (Nominated Adviser
and Joint Broker)
Bobbie Hilliam +44 (0)20 7523 8000
Berenberg (Joint Broker)
Mark Whitmore
Simon Cardron +44 (0) 20 3207 7800
IFC Advisory (Financial PR and IR)
Tim Metcalfe
Graham Herring
Florence Chandler +44 (0)20 3934 6630
About the Graphene Flagship
The Graphene Flagship is research, innovation and collaboration.
Funded by the European Commission, the Graphene Flagship aims to
secure a major role for Europe in the ongoing technological
revolution, helping to bring graphene innovations out of the lab
and into commercial applications. The Graphene Flagship gathers
nearly 150 academic and industrial partners from 23 countries, all
exploring different aspects of graphene and related materials.
Bringing diverse competencies together, the Graphene Flagship
facilitates cooperation between its partners, accelerating the
timeline for industry acceptance of graphene technologies. The
European Commission's FET Flagships enable research projects on an
unprecedented scale. With EUR1 billion budgets, the Graphene
Flagship, Human Brain Project and Quantum Flagship serve as
technology accelerators, helping Europe to compete with other
global markets in research and innovation.
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 seven 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,
fast recharging and very long lifetimes for use in electrical
vehicles and portable electronics products. www.gnanomat.com
Versarien Graphene Inc - based in Texas, is the newly
incorporated sales business for the UK's graphene products.
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
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contact rns@lseg.com or visit www.rns.com.
END
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