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.
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The latest Versarien graphene news:
Versarien announced its interim financial results for the six months ended 30 September, 2021. Revenues were £3.82 million (up 41% from £2.71 million in H1 2020), while reported net loss was reduced to £3.11 million (down from £4.34 million in H1 2020). At the end of the period, Versarien had £3.46 million in cash and equivalents.
The company is now focused on two main application areas, textiles and concrete - for which it sees excellent opportunities in the near future. Versarien is increasing its production capacity. It has recently acquired graphene manufacturing assets in Spain, which will provide an additional 100 annual ton capacity, it has ordered equipment that will enable it to increase graphene ink production capacity by 12,000 liters per year and it has signed a lease on a new dedicated graphene production facility in Gloucestershire.
Versarien has announced a commercial collaboration agreement with DKH Retail Limited, the worldwide wholesale distribution subsidiary of global fashion brand Superdry, to produce graphene-enhanced clothes.
Through the partnership, Superdry will develop graphene-enhanced garments, using Versarien's GRAPHENE-WEARTM technology, aiming to utilize graphene's thermal and moisture management properties into its garments.
The Graphene Engineering Innovation Centre (GEIC) at The University of Manchester was the venue for the latest act of pioneering work in using advanced materials in construction to promote sustainability in the sector.
Nationwide Engineering, Tier 2 partners of the GEIC, re-laid parking bays on the service road adjacent to the Centre earlier this month, using its graphene-enhanced Concretene product as a ‘living lab’ to test performance in exterior conditions.
Versarien recently commissioned the University of Gloucestershire to carry out trials on its graphene-coated sportswear.
A research team is to carry out tests on a prototype upper body garment, applied with Versarien's graphene inks ("Graphinks") through a screen-printing process. The clothing is manufactured by partner MAS Holdings. The researchers will compare the material to a selection of other sports garments when worn during high-intensity exercise.
HS2 London tunnels contractor Skanska Costain Strabag JV (SCS JV) is to pioneer the on-site of 3D printing of graphene-reinforced concrete. The technology, called ‘Printfrastructure’, promises to bring big environmental benefits and cost savings, if deployed more widely.
First proof of concept trials are scheduled to begin in the spring, using 5 tonne computer-operated robots. These will initially be used to build part of the retaining walls for the mainline out of Euston station as well as materials stores on the project.
Versarien has executed the use of its graphene-enhanced concrete - this time in a residential setting. The Company poured its product for a property development company at a site in Symonds Yat. This follows the former announcenemt back in May, when the world's first graphene concrete slab was poured for commercial use at Amesbury's Solstice Park for a gym owned and run by military veterans.
Neill Ricketts, Versarien CEO, said: "We're laying a relatively small concrete slab at Symonds Yat as a forerunner for some much bigger projects."
Construction company Nationwide Engineering has reported the laying of the world's first graphene-enhanced concrete slab engineered for sustainability in a commercial setting.
The venue for this innovation milestone is located a couple of miles east of the ancient monument of Stonehenge - the new Southern Quarter gym in Amesbury's Solstice Park, owned and run by military veterans and due to open in summer 2021. This enterprise has been made possible by a joint venture between Nationwide Engineering and The University of Manchester.
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.