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, UK-based advanced materials engineering group, has announced that it has secured its first graphene orders from the North American corporate research and development center of a Japanese headquartered company. This customer was described as a global automotive components company that has operations in over 40 countries, employing in excess of 250,000 people.
After initial graphene quality testing trials, the Customer has placed development orders for 1kg each of Versarien's high purity graphene nano platelets ("GNP-HP") and Nanene. The Customer's principle operations focus on leading-edge automotive materials and process development, and the development of next-generation, vehicle-related, information and communications technology.
Versarien has announced that it has secured its first graphene order from a U.S-based company. Versarien stated that the American customer had successfully conducted laboratory testing and industrial trials prior to placing the order for 12kg of Versarien’s high purity graphene product. The graphene, in the form of high purity nano platelets, is integrated into an enhanced material which can be used in various ways - from graphene-enhanced plastic to packaging solutions and household items.
Versarien’s new customer reportedly intends to use the graphene material in “down-hole drilling components for their initial scale up process.” Should this scale up be successful, Versarien expects to receive additional orders that are likely to be significantly larger.
Versarien recently updated that it partnered with BP Polymers to develop a new version of BP's barrier resin, Kortrax, incorporating Versarien's graphene.
Kortrax is a polyamide-based barrier resin which improves both the chemical permeability performance profile and the oxygen transfer rate of resin containers, the company explained.
Versarien has updated that it is now fully operational at its new U.S office and laboratory facility in Houston, Texas, which is designed to act as a hub for the Company’s activities in North America.
The establishment of this U.S hub has already enabled the Company to accelerate its progress in North America with various new partners, in addition to the work it has been undertaking with the US National Graphene Association and various existing collaboration partners in the region.
Versarien recently reported that it has signed a term sheet with Beijing Institute of Graphene Technology covering the proposed cooperation between the parties to develop Versarien's graphene business in China.
Subject to the completion of due diligence and the entering into of formal documentation, the term sheet will see Beijing Institute assisting Versarien with the establishment of a wholly-owned subsidiary in China. The subsidiary would focus on the manufacture of Versarien's graphene and other 2D materials in China and their sale to Chinese customers.