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 enters agreement to promote interests in South Korea, secures £1.93 million strategic investment
Versarien recently announced that it has entered into a wide-ranging series of agreements with Graphene Lab, a South Korean company specializing in chemical vapor deposition (CVD) graphene, including sensors, OLEDs, and flexible transparent touch panels, with the intention of advancing both Versarien's and Graphene Lab's proposed activities in South Korea.
This follows Versarien's acquisition of certain graphene production related assets and intellectual property from South Korea based Hanwha Aerospace, as announced on 22 December 2020.
As previously outlined in its half-year results, the advanced materials engineering group’s wholly owned Chinese subsidiary, Beijing Versarien Technology Company Limited, has been working with its partner on further developments of the masks. Specifically, this included the testing of a prototype second generation graphene enhanced face mask conducted in China at the Analytical and Testing Centre of Capital Regions which showed a 99.92% antiviral activity rate against the SARS-CoV-2 virus.
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.