Versarien updates on recent progress
Versarien has shared updates on its progress across several key sectors and markets, reporting a growing pipeline of opportunities, rising from £1.6 million (over USD$2 million) in October 2023 to £4.7 million currently (over USD$6,100,000), with £1.6 million (over USD$2 million) in commercial opportunities and £3.1 million (over USD$4 million) in grants. The Company said it continued to focus on developing advanced materials, especially graphene, through manufacturing-light operations and technology licensing.
In the construction sector, the company said it had placed orders for equipment to enhance its in-house construction testing capabilities following a July fundraising. The equipment would support the development of graphene-based products, such as Cementene. Versarien said it had also signed its first significant 3D construction printing (3DCP) contract with Building For Humanity CIC for a project in Accrington, UK. The Company anticipated on-site activities to begin in 2025.