Founded in 2010, Versarien (AIM:VRS) is an advanced materials group leveraging proprietary technology to create innovative engineering solutions for its clients in a diverse range of industries.
In June 2013, Versarien floated on AIM, a market operated by the London Stock Exchange. Versarien is involved with R&D activity of various materials like copper, carbide and graphene. Since the company acquired 2D-Tech in 2014, Versarien has been very active with graphene, and is collaborating with the NGI, Haydale and others. In 2016 Versarien acquired Cambridge Graphene and also AAC Cyrome to establish a graphene plastic factory.
The latest Versarien graphene news:
Versarien has announced its unaudited results for the year ended 31 March 2020. Group revenues were £8.3 million (A downfall from 2019's £9.1 million), loss before tax was £4.7 million (a larger loss compared to 2019: £2.8 million) and cash at 31 March 2020 of £1.7 million (less than 2019's £4.3 million).
Versarien also mentioned in its report various highlights like the Commercial Partnership Agreement with the Company’s textile sector collaboration partner, MAS Innovation (Private) Limited, to develop new garments utilising Versarien’s graphene ink materials, Versarien's participation in the Graphene Flagship project, led by Airbus, to develop graphene based thermo-electric ice protection systems to prevent icing on aircraft surfaces, receiving a £5 million Innovate UK loan for scale up and product development related to the GSCALE collaborations and Versarien's Graphene Enhanced Protective Face Masks launched with first orders received for 120,000 masks.
Versarien has announced the launch of its first graphene-enhanced protective face mask, which utilizes Polygrene, Versarien’s graphene-enhanced polymer.
The launch of the new protective face mask is said to coincide with the first two orders Versarien has received following recent prelaunch sales activity, which resulted in 100,000 masks being delivered to a leading British university and 20,000 ordered by a UK electrical and mechanical servicing and repairs business.
Advanced materials group Versarien has been awarded a £5 million loan facility by a subsidiary of UK Research and Innovation.
The Versarien loan is for a project named G SCALE, (an acronym for Graphene-Seat, Concrete, Arch, Leisure, Elastomer) which is designed to enable Versarien to significantly increase its manufacture of quality assured graphene.
The firm said the award was part of APC's £1 million-plus initiative to support 14 micro, small and medium-sized companies that are developing innovative low-carbon technologies to reduce vehicle emissions.
Rolls-Royce to work with Verasrien and Manchester's GEIC on graphene-enhanced aerospace applications
It was recently reported that Rolls-Royce is to work with the University of Manchester’s Graphene Engineering Innovation Centre (GEIC) and its partner Versarien on the use of graphene and other 2D materials used in wiring for next-generation aerospace engine systems.
The initial program of work will use the state-of-the-art chemical vapor deposition (CVD) equipment located within the GEIC.