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 a widening loss in the first half of its current financial year.
The materials company's pretax loss widened to GBP 2.1 million (around $2.8 million USD) in the six months to the end of September from GBP 732,000 (about $982,000 USD) loss a year earlier, as revenue dropped by 16% to GBP 4.4 million from GBP 5.2 million.
Advanced materials company Versarien recently shared that it has signed a commercial partnership agreement with textile-sector company MAS Innovation. The agreement followed a letter of intent between the parties, which set out their intent to enter into a formal commercial partnership.
The agreement specifies the terms under which the parties would secure commercial orders for garments developed using Versarien's proprietary graphene ink materials. It allowed both parties to finalize additional contractual terms with third party brands.
Manchester University’s Graphene Engineering Innovation Center (GEIC) is to host the world’s first Graphene Hackathon on Saturday 16 and Sunday 17 November 2019, in which teams will compete to develop and prototype innovative product ideas using conductive graphene inks.
The GEIC, which specializes in the rapid development and scale up of graphene and other 2D materials applications will host the event over 24 hours. IP, business and technical expertise will be on hand to help develop your innovative ideas, requiring no prior experience with graphene or programming.
Aecom has produced a graphene arch using additive manufacturing techniques. It believes the method could reduce the time and cost of installing digital signalling systems and transform the digitization of transport networks. The 4.5-meter high, lightweight arch is being tested on outdoor track at Network Rail’s workforce development center in Bristol.
Versarien released details on the Company's expansion plans for its graphene business in China, which in the past were referred to as a "term sheet" with the Beijing Institute of Graphene Technology ("BIGT").
According to Versarien, the term sheet "envisaged that BIGT would provide funding to Versarien for the proposed wholly owned subsidiary ("WFOE") and other corporate purposes in the form of an equity investment".