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 announced its latest financial results. The company reports increased interest from global companies, with an increase in revenues and a drop in net loss.
In the year that ended on March 2022, Versarien's revenues grew to £7.6 million, up from £5.7 million a year ago. The group's graphene revenues grew by 170% to £1.9 million. The company's operating loss decreased to £1.04 million (down from £1.88 a year ago). Versarien reported it had £3.1 million in cash and equivalents at the end of the quarter.
Versarien has announced that its Graphene-Wear technology will be incorporated in Umbro's top-of-the-range Pro-Training Kit for the Spring/Summer collection 2023. Umbro and Versarien have been working on several projects since 2018, and this is the first one that will reach the market.
Versarien and Umbro say that the Graphene-Wear formula will enable wearers to experience enhanced thermal transmittance, increased moisture management and drying rate of the garments. The garments will have Versarien's Graphene-Wear™ trademark applied.
Versarien, an advanced engineering materials group and provider of graphene-enhanced cement admixture, recently announced the launch of its "Lunar" lifestyle pods. Lunar is Versarien's first 3D printed concrete product made with Cementene, Versarien's graphene-enhanced cement.
The launch involved Neill Ricketts, CEO of Versarien, unveiling a building printed with Cementene, at the Company's production facilities in Longhope, Gloucestershire. Known as Versarien Lunar, this is a milestone project for a 3D-concrete printed product with a graphene additive. The versatile pods can be used as an office, studio, gym, or leisure room. The pod's wall design shows the level of detail, flexibility and precision that can be achieved with 3D-concrete printing.
Versarien has announced a collaboration with US-based Flux Footwear to supply graphene-enhanced elastomers for an improved model of Flux’s ‘Adapt’ shoe. The elastomers are to be used in an improved model of flux's 'Adapt' model.
The elastomer technology has been developed by Versarien’s in-house technology teams at the University of Manchester and University of Cambridge as part of the GSCALE project and has the potential for multiple elastomer applications.
Versarien announced its interim financial results for the six months ended 30 September, 2021. Revenues were £3.82 million (up 41% from £2.71 million in H1 2020), while reported net loss was reduced to £3.11 million (down from £4.34 million in H1 2020). At the end of the period, Versarien had £3.46 million in cash and equivalents.
The company is now focused on two main application areas, textiles and concrete - for which it sees excellent opportunities in the near future. Versarien is increasing its production capacity. It has recently acquired graphene manufacturing assets in Spain, which will provide an additional 100 annual ton capacity, it has ordered equipment that will enable it to increase graphene ink production capacity by 12,000 liters per year and it has signed a lease on a new dedicated graphene production facility in Gloucestershire.