Versarien

Company Type:  

Versarien LogoFounded 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.

Company Address

2 Chosen View Road
Cheltenham
GL51 9LT
United Kingdom

Versarien and Balfour Beatty to jointly develop graphene-infused 3D-printable mortars for civil construction

Versarien has announced that it has signed an agreement with Balfour Beatty Group to develop a range of low carbon, graphene-infused, 3D-printable mortars suitable for civil construction.

This will include formulating three types of mortar: one based on local materials, and two enhanced with Versarien's graphene admixture, Cementene. Additionally, efforts will focus on establishing a UK-based supply chain, involving identifying local suppliers, integrating the graphene admixture, implementing quality control protocols, and creating distribution channels and sales frameworks for both domestic and international markets.

Read the full story Posted: Oct 03,2024

Versarien sells AAC Cyroma subsidiary

Versarien has announced the completed sale of its wholly-owned subsidiary AAC Cyroma to Harper Bennett for £0.55 million (around USD$734,000).

Versarien said the sale aligned with its strategy to focus on its core graphene technology and divest its more mature businesses. It said the consideration would be paid in 16 equal quarterly instalments of £34,375, starting three months after completion. To safeguard the transaction, Versarien would retain a charge over AAC Cyroma's assets and those of Harper Bennett until all payments were completed.

Read the full story Posted: Oct 01,2024

Versarien enters 3D construction printing contract with Building For Humanity

Versarien has announce that the Company has entered into a contract with Building For Humanity for Versarien to act as a 'print partner' to support Building For Humanity CIC, a community interest company, with a range of services for its flagship Charter Street project in Accrington, Lancashire.  The contract, initially valued at approximately £200,000 will see Versarien providing 3D construction printing ("3DCP") input at all stages of the project, giving Building For Humanity a full service from design to construction.

It was disclosed that the Company had previously signed a letter of mutual commitment to support the Charter Street project. The contract now signed follows the formal commencement of the project, which will see the development of 46 high-quality affordable homes, in five blocks, along with associated infrastructure, including a community hub, led by Building For Humanity. The initial phase of the project will involve the construction of the first housing block and the community hub.

Read the full story Posted: Aug 16,2024

Versarien raises over $700,000 to purchase of concrete and mortar testing equipment

Versarien has announced it has raised £550,000 before expenses (over USD$700,000) by way of a placing new ordinary shares.

The net proceeds will be used for the purchase of concrete and mortar testing equipment to support the ongoing CementeneTM admixture developments for BS934 accreditation, and for use in testing new mortars and products developed using the Company's 3D construction printing capability, in addition to general corporate and working capital purposes.

Read the full story Posted: Jul 25,2024

Versarien's graphene refocus seems to bear fruit with narrowed losses

Versarien’s strategic realignment to core graphene technology reportedly resulted in narrowed losses and an improved cash position in the six months up to 31 March. 

Operational highlights in the period included agreement with MCK Tech in Korea for the exclusive license of five CVD patents. Versarien also sold its South Korean plant and equipment to MCK Tech for £604,000. The Company secured a know-how and manufacturing license agreement with Montana Quimica LTDA, a Brazilian multinational focused on paints and wood finishing products. Additionally, Versarien entered into a mutual letter of commitment to support Building for Humanity in providing 3D concrete printed materials for social housing in Accrington.

Read the full story Posted: Jun 06,2024

Versarien signs South American Graphinks agreements with Montana Química

Versarien has announced that it has, in line with its stated strategy to monetize intellectual property through licensing, entered into a manufacturing license agreement and a know-how license and technical assistance agreement with Montana Química ("Montana"). Montana is a Brazilian headquartered multinational business focused on the production and sale of paints, wood preservatives and other wood finishing products including stains and varnishes. The agreements cover the use of the Company's proprietary graphene and related material dispersions and formulations (Graphinks™) in products to be manufactured and sold by Montana in South America, together with Versarien providing further additional know-how, technical assistance and training to Montana.

Under the terms of these agreements, Versarien has granted a license to Montana, for an initial period of five years, to use certain intellectual property and know-how owned by the Company in their business in South America. Montana will pay Versarien initial fees of £50,000 in March 2024 in consideration of the know-how and technical assistance, including training, to be provided. Once Montana commences manufacturing under the agreement, a further payment of £25,000 will be due to the Company, together with an amount equal to 5% of the total sales revenue earned from products manufactured using Versarien's intellectual property and know-how, subject to minimum royalty payments of £25,000 per annum.

Read the full story Posted: Mar 17,2024

Versarien announces sale of Korean assets and licensing of IP

Versarien has announced that it has entered into an agreement with MCK Tech to sell the Group's plant and equipment in South Korea for a total consideration of £604,000, together with an exclusive license agreement with MCK Tech for the use of five patents, owned by the Group, for additional fees.

The Company continues to pursue its stated turnaround strategy, an integral part of which is to dispose of non-core businesses and assets. The plant and equipment acquired from Hanwha Aerospace in South Korea in 2020 were identified as non-core and marketed for sale. The Group's mature businesses, AAC Cyroma Limited and Total Carbide Limited, continue to be marketed for sale and the Company is progressing discussions with a number of interested parties, though the timing of any further asset sales and the quantum of the funds that may be received remains uncertain.

Read the full story Posted: Mar 11,2024

Versarien announces £400,000 placement

Versarien has updated that it has raised £400,000 through a placing to bolster its working capital position and take advantage of business leads it is receiving.

The Company will use this further funding to progress the conversion of recent leads while the asset sale discussions continue. Versarien also recently signed a sales agreement with Go To Gym for the distribution of Graphene-Wear products across the Americas, and a collaboration with IRPC, a Thai petroleum and petrochemical giant, for the co-development of advanced materials.

Read the full story Posted: Jan 19,2024

Versarien launches new range of graphene-based compounds

Versarien has announced the launch of a portfolio of graphene and related nanomaterial-based thermoplastic polymer compounds, branded under the name Polygrene. The Company says that the Polygrene line is the culmination of extensive collaborative efforts with the International Institute for Nanocomposites Manufacturing (IINM) at WMG, University of Warwick.

The new range has potential applications across a variety of industries, including sports equipment, construction products, aerospace and automotive components. This versatility showcases the adaptability and strength of the new graphene-infused materials.

Read the full story Posted: Nov 07,2023