Versarien LogoAdvanced material solutions company Versarien updated that it is currently in advanced negotiations with two of the world's "largest consumer groups" and expects to receive a first purchase order "imminently". The collaboration with these companies would involve research and development and testing of the company's Nanene few layer graphene nano-platelets in polymer structures.

Versarien also reported "record levels of interest in its graphene products" and also, said that it is set to raise £1.2 million before expenses by issuing new shares in the company. Proceeds will be used to purchase capital equipment and provide working capital to enable current graphene collaborations to continue.

On October 31, Versarien announced a collaboration with Israel Aerospace Industries in order to develop and test its graphene technology in aerospace composite structures.