Versarien plc “Completion of NGI composite project”

Neill Ricketts, CEO of Versarien, commented:  “Since our acquisition of 2-DTech in May 2014 we have worked very closely with the National Graphene Institute at The University of Manchester to reach the goal of commercialising graphene.  In June 2015 we announced the patent protection for our graphene platelet production process and now just over a year later we have reached the stage where extensive testing has proved the benefit of adding graphene to carbon fibre composite structures to the extent that there is now real demand from commercial customers.  Our supply of graphene to the NGI, coupled with our own dedicated graphene enhanced plastics manufacturing facility, established through our recent acquisition of AAC Cyroma, is just the start of the commercialisation phase.  We intend to significantly scale up our capacity to produce graphene to meet the demand we are seeing, which is only expected to increase.”

Versarien plc (AIM:VRS) the advanced materials group, has informed DirectorsTalk about the successful completion of a grant funded project focused on graphene enhanced carbon fibre composites with the National Graphene Institute at The University of Manchester.

 

Versarien has been collaborating with the NGI since November 2014. Extensive trials of the graphene produced by Versarien’s subsidiary, 2-DTech, by an NGI team led by Professor Robert Young, Professor of Polymer Science and Technology at The University of Manchester, in carbon fibre composite products, has demonstrated the benefit of adding graphene, particularly with regard to significantly enhancing the strength of the structure.

 

Following the positive test results from the project the NGI have indicated that they wish to purchase a significant quantity of graphene from Versarien for a specific project with a major OEM.

 

Professor Robert Young FREng, FRS, Professor of Polymer Science and Technology at The University of Manchester, commented: “The successful project demonstrated that the addition of 2-DTech XT graphene to the epoxy resin matrix was able to give a significant improvement in the performance of carbon-fibre reinforced epoxy composites.  This technology is now being evaluated by a major UK company for use in a number of different structural components, with a view to commercial products being produced within the next six months.”

 

James Baker, Graphene Business Director at the National Graphene Institute (NGI) at The University of Manchester, commented “This successful collaboration between industry and academia that has taken place in the National Graphene Institute is now seeing the accelerated development of future products and applications which are now starting to reach the marketplace. I expect to see an increase in business opportunities where the addition of graphene provides a significant enhancement to the performance or improvement of a product or application”.

 

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Versarien Plc

    More articles like this

    Versarien Plc

    Versarien raises £615,000 through share placement

    Versarien plc (LON:VRS), the advanced materials engineering group, has announced it has raised £615,000 (before expenses) by way of a placing of 492,000,000 new ordinary shares in the capital of the Company at a price of 0.125

    Versarien Plc

    Versarien signs Graphinks licensing agreement with Montana Química

    Versarien Plc (LON:VRS), the advanced materials engineering group, announces that the Company has, in line with its stated strategy to monetise intellectual property through licensing, entered into a manufacturing licence agreement and a know-how licence and technical

    Versarien Plc

    Versarien to sell Korean Assets and Licencing of IP

    Versarien Plc (LON:VRS), the advanced materials engineering group, has announced that the Company has, in line with its stated strategy, entered into an agreement with MCK Tech Co. Ltd to sell the Group’s plant and equipment in

    Versarien Plc

    Versarien’s Gnanomat awarded grant from ICEX Trade and Investment

    Versarien plc (LON:VRS), the advanced materials engineering group, has previously announced its turnaround strategy, which, inter alia, seeks to preserve appropriate intellectual property within the Group whilst reducing operating costs.  As part of this strategy, Gnanomat S.L,

    Versarien Plc

    Versarien’s turnaround strategy continues to progress

    Versarien plc (LON:VRS), the advanced materials engineering group, will be holding a General Meeting at 10.00 a.m. today, at which the following statement will be provided: “The Company’s turnaround strategy continues to progress and we are pleased

    Versarien Plc

    Versarien to hold General Meeting on Tuesday 4 July 2023

    Versarien plc (LON:VRS), the advanced materials engineering group, announces that a Notice of General Meeting will be posted to shareholders today.  The General Meeting will be held on Tuesday 4 July 2023 at 10.00 a.m. at

    Versarien Plc

    Versarien very positive CementeneTM precast concrete trial results

    Versarien plc (LON:VRS), the advanced materials engineering group, has provided an update on the trials of Versarien’s water-based graphene admixture, CementeneTM in precast concrete mixes that have been carried out by Banagher Precast Concrete Limited, a precast

    Versarien Plc

    Versarien has the potential to deliver significant returns

    Versarien plc (LON:VRS), the advanced materials engineering group, will be holding its Annual General Meeting at 10.30 a.m. today, at which the Chair, Diane Savory, will provide the following statement: “As previously noted, the graphene market-place has proved

    Versarien Plc

    Versarien raises £318,000 via placing

    Versarien plc (LON:VRS), the advanced materials engineering group, has announced it has raised £318,000 (before expenses) by way of a placing of 10,600,000 new ordinary shares in the capital of the Company at a price of

    Versarien Plc

    Versarien AGM to be held on 29 March 2023

    Versarien plc (LON:VRS), the advanced materials engineering group, has confirmed the 2022 Annual Report and Notice of Annual General Meeting will be posted to shareholders today and is now available to download from the investor relations