Versarien - Page 8

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.

Versarien, the advanced materials engineering group, has announced that it has signed a supply agreement to provide Versarien's new graphene enhanced polymer range to AECOM for a current infrastructure project.

This supply agreement follows the collaboration Versarien entered into with AECOM, a US headquartered and Fortune 500 company. This collaboration covered a project that AECOM and Versarien have been undertaking involving the incorporation of Versarien's graphene nano-platelets into large scale polymer structures used in civil infrastructure projects, with a view to increasing their structural strength.

Versarien, the advanced materials engineering group, has announced the formal launch of the Company's new graphene-enhanced polymer range, Polygrene.

Working in collaboration with industrial partners, Versarien has developed a variety of polymer compounds and masterbatches that feature different types of polymers, along with different weight loadings of Versarien's graphene, all under the Polygrene banner. These can be used in industrial extrusion, moulding and 3D printing processes.

Versarien has announced that it has entered into a Memorandum of Understanding with Jinan High-tech Financial Investment ("JHFI") in connection with the Company's ongoing plans to establish a manufacturing center in the Jinan Innovation Zone, Shandong Province, China.

The MOU covers the plans for Versarien and JHFI, together with other parties in China as may be agreed, to establish a joint venture for the manufacture and sale of the Company's Nanene, Graphinks and other related graphene products in Jinan. Subject to the satisfactory completion of negotiations it is envisaged that JHFI will provide funding for the venture in a structure to be agreed.

Versarien has announced that it has received an order for the supply of Versarien's graphene nano platelets to a design and manufacturing company for use in fire retardant aircraft interior parts for a major global airline.

The order is for an initial 1 kg of the Company's graphene nano platelets and it is anticipated that further orders will be received to fulfill the end-customers' contract. The specific aircraft interior parts have reportedly gained the necessary certification from a USA-based, Federal Aviation Administration (FAA) certified, fire testing laboratory.

Versarien has announced the signing of a Memorandum of Understanding with Tunghsu Optoelectronic Technology, covering cooperation between the parties, particularly focused on graphene industrialization.

The MOU with Tunghsu Optoelectronic covers the intended areas of cooperation between the parties, which include:

• Jointly developing graphene-related projects including their operation and execution, industrialization and promotion, leading to sales in China and global markets and exploring more widely products utilizing graphene;
• Together with governmental agencies, academic institutions, and other relevant organizations, to set up a "Graphene Industry Research Institute" in China, to fund, accelerate and invest in the productization and commercialization of graphene application projects;
• To jointly establish a "Graphene Industry Fund" to promote and support the operation and execution of graphene industrialization projects;
• To discuss mutual strategic investments for graphene-based projects, the forms of which will be agreed in future discussions. It is envisaged that Tunghsu will provide financial support as well as strategic support and in return Versarien will provide the required intellectual property to enable the industrialization of graphene-based projects; and
• Focus technical collaboration on projects closely related to both parties' current areas of activity, such as high quality graphene manufacturing, photoelectric display materials, new energy vehicles, energy storage technologies, LED lighting systems, graphene thermal management materials, and flexible batteries.

Versarien recently announced it will be collaborating with fire retardant coatings supplier Advanced Insulation to work on a graphene project.

The collaboration will focus on incorporating Versarien's Nanene few layer graphene nano-platelets into sub-sea insulation materials to improve tear resistance and reducing water absorption of these materials.

Advanced materials group Versarien has acquired 62% of Spain-based Gnanomat for around £2.6 million (around $3.4 million USD).

Payment would be settled with £673,000 in cash and the issue of around 1.3 million Versarien shares at 150p each. The cash component would be used by Gnanomat to fund the scale up of a pilot plant. In addition, Versarien would provide a loan of €1.3 million.