Versarien signs deal with US chemicals supplier
Advanced materials engineering group Versarien has signed an agreement with an unnamed US-headquartered global chemical supplier, it announced on Monday, which will allow both companies to begin collaborating across “a number” of projects.
The AIM-traded firm said the partner - a Fortune 100 company - would use Versarien's proprietary ‘Nanene’ few layer graphene nano-platelets, along with other 2D products manufactured by Versarien, in different potential applications.
Both groups would 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, the partnership would give 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.
“This agreement is another significant collaboration we have agreed to date,” said Versarien CEO Neill Ricketts.
“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.”
Ricketts said the agreement with one of the world's largest chemical and specialist material groups further demonstrated that Versarien was “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.”