Versarien PLC (LON:VRS), the advanced materials engineering group, has today announced that it has signed an agreement with a US headquartered global chemical supplier (the “Partner”), which will allow to both companies to begin collaborating across a number of projects.
The Partner, a Fortune 100 company, will use Versarien’s proprietary Nanene few layer graphene nano-platelets, along with other 2D products manufactured by Versarien, in different potential applications. Both groups will work together on research, development and testing of compounded materials, with the objective of replacing incumbent additives across different chemical variants to improve material performance.
Specifically, this partnership gives Versarien and its Partner the opportunity to evaluate and process samples for speciality packaging applications and barrier technology, as well as allowing both parties to better understand the future opportunities of further agreements.
Neill Ricketts, CEO of Versarien, commented: “This agreement is another significant collaboration we have agreed to date. We look forward to working closely with our Partner to test and develop materials containing both our high quality Nanene and other 2D materials we are developing.
“This agreement with one of the world’s largest chemical and specialist material groups further demonstrates that Versarien is rapidly establishing itself as the go-to supplier of high quality graphene and other potentially industry disruptive 2D materials. The fact that we are able to offer not just high quality product, but have significant research capabilities in conjunction with the Universities of Manchester and Cambridge, gives us a strong competitive position and is putting us at the forefront of graphene’s commercialisation.
“We continue to work on a number of other agreements, with similar market leading companies worldwide and I look forward to providing further updates on our progress during this exciting time for Versarien.”