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 signed an agreement with Tunghsu Optoelectronic Technology to further progress their relationship. The agreement supports the memorandum of understanding signed in November last year. The parties intend to establish a joint implementation committee, composed of three members from each firm, with a view to ultimately entering into a manufacturing joint venture. However, Versarien said there can be no guarantee this outcome will ultimately be achieved.
The materials engineering company plans to work with Tunghsu to develop and manufacture in China new generation graphene heaters. These heaters are expected to be based on the micro-flow graphene ink technology from Versarien's subsidiary Cambridge Graphene.
2018 was a busy year for the graphene industry, and here are our top companies for 2018 - ranked by the number of posts written about them on graphene-info.
While these figures are not of any official status, they do go a certain distance in assessing the market and its major players in 2018.
Versarien has announced its plans to enter an agreement with a large state-owned Chinese aerospace company. The Partner is said to mainly be engaged in the research, design, manufacture and operation of various aerospace systems.
The agreement details the parties' desire to collaborate and ultimately enter into a strategic cooperation covering research, development and manufacturing in order to accelerate the industrialization and market for graphene and other Versarien 2D materials, including Hexotene, in the Chinese aerospace sector. This will include exploring their uses within the fields of, amongst others, microwave and electromagnetic radiation shielding, heat dispersion coatings, 3D printing and flexible wearable devices.
Versarien announced its interim results for the first half of 2018 (six months ended 30 September 2018). The company's revenues increased by 19% compared to H1 2017 to reach £5.22 million, while the loss before tax remained stable at £0.78 million.
Versarien had £6.07 million in cash and equivalents as of the end of H1, following successful fund raising of £5.15 million in September 201.
Versarien has announced that it has signed a Memorandum of Understanding ("MOU") with China Tiesiju Civil Engineering Group Co Ltd. ("CTCE"), a subsidiary of China Railway Group Limited ("CRG").
CRG is one of the world's largest construction and engineering contractors and is listed on the Shanghai and Hong Kong Stock Exchanges. CTCE is specifically focused on railway, bridge, tunnel and highway infrastructure engineering. It is active in China and overseas, including in Asia, Africa, Latin America and the Middle East.