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 that it has agreed to acquire certain graphene production related assets and intellectual property from South Korea based Hanwha Aerospace, for (the equivalent to) £4.34 million (around USD$5.8 million).
In addition, the Company has entered into a subscription agreement with Lanstead Capital Investors LP to subscribe for raising gross proceeds of £3.50 million (around USD$4.7 million), the proceeds of which will be used for an additional sharing agreement with Lanstead.
The Coronavirus pandemic has been having a significant impact on the graphene market and industry. Even before the pandemic, graphene has already received much attention due to promising antimicrobial properties and demonstrated antiviral efficacy. However, there is no denying the recent urgency to put these traits to good use in combating the Coronavirus.
More than a few companies have launched graphene-enhanced textiles, inks and coatings, incorporated into personal protective gear (face masks, gloves etc.), and applications like air filters and room cleansers have been developed.
Versarien has announced that it has been awarded a product development agreement for £1.95 million (around USD$2.6 million) by the Defense, Science and Technology Laboratory, a part of the Ministry of Defense. DSTL is responsible for ensuring that innovative science and technology contribute to the defense and security of the UK.
The Agreement is to develop graphene-loaded polymer composites for certain defense related applications, the details of which were not disclosed.
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.