Significant graphene order

Versarien plc (AIM:VRS) (“Versarien” or the “Company”), the advanced materials group, is pleased to announce the receipt of a further significant graphene order for a carbon fibre composite related OEM application.
On 13 October 2016, the Company announced that following the positive test results from the composite project with the National Graphene Institute (“NGI”) that the NGI was purchasing a significant quantity from Versarien for a specific project with a major OEM.
Versarien has now received an order with a value of over £100,000 for graphene in the form of Few Layer Graphene Nano Platelets (“GNPs”) from a European commercial customer, in conjunction with the NGI. This high quality graphene will be certified by the NGI and Versarien will be handling the dispersion of the GNPs into the resin to be used by the customer. The resin will be provided by the customer free of charge and will be returned to the customer in Europe once mixed with Versarien’s GNPs.
The addition of Versarien’s GNPs is expected to provide a significant performance improvement to the customers’ product and further significant orders would be required to fulfil market potential.
Neill Ricketts, CEO of Versarien, commented: “We believe that this order is one of the first significant orders placed in the UK to supply high quality graphene. Versarien is quickly becoming the go to place for high quality GNPs globally, having successfully scaled the business from the lab to the production arena.
“We expect the use of graphene to continue to gain further commercial traction and Versarien is very well placed to be at the forefront of delivering high quality graphene for multiple applications. We will continue to scale our production to meet demand as it occurs.”