Versarien - Page 10

Advanced materials group Versarien has signed an agreement with shoemaker Vivobarefoot to collaborate on developing graphene-enhanced footwear.

Vivobarefoot is a leading maker of minimalist shoes, majority owned by Galahad and Asher Clark, with Taiwanese shoe manufacturer Stella International owning a minority stake, Versarien said.

Versarien has announced that the signing of an agreement to develop a range of graphene-based sensor technologies to enable the creation of digital bandages and wound dressings capable of various forms of physiological movement and excretion detection.

This project will utilize strain sensors printed with graphene ink using methods which have been developed by the Company’s subsidiary, Cambridge Graphene Limited. Trials will take place at the internationally renowned Addenbrooke’s Hospital in Cambridge. The team will work to optimize the usability of the data from the graphene dressings to ensure the optimal recovery of the patients post discharge. The agreement will also involve Dr. Chris Crockford, Managing Director of Digital and Future Technologies Limited, who will act as liaison between the hospital, Versarien and wider global providers in this field.

Versarien has noted the recent strong performances by British Skeleton World Cup competitor Dominic Parsons utilizing graphene-enhanced equipment provided by Versarien’s collaboration partner Bromley Technologies.

Versarien has been collaborating with Bromley since May 2016 to incorporate Versarien’s graphene enhanced carbon fibre into the skeleton sleds being produced by Bromley. Utilizing one of three Bromley X22 prototype sleds, Parsons set the fastest speed of 137.3 km/hr at the International Bobsleigh & Skeleton Federation World Cup Race in St. Moritz.

Versarien has announced the signing of a Letter of Intent (LOI) to establish a graphene manufacturing center in China.

The non-binding LOI has been entered into by Versarien together with the Shandong Institute of Industrial Technology Fund, Jinan Qing Na Material Technology and Jinan Innovation Zone Administrative Committee with the view to establishing the China-UK Jinan Graphene Industrial Park in the Jinan Innovation Zone, Shandong Province, China.

Versarien recently announced that it has reached an agreement with an Asia-headquartered "global textiles and apparel manufacturer", which will have both companies collaborating to incorporate graphene into fabrics. The partner remains unnamed , but it was said that it designs, develops, and manufactures a range of different garments for well-known apparel brands globally.

Using graphene ink technology (developed by the Versarien's subsidiary Cambridge Graphene), the collaboration will involve the incorporation of graphene into textiles via yarns and fabric finishes, with the aim of enhancing the fabric properties so that they meet the requirements of some key application areas that the partner has identified.

Versarien, the advanced materials engineering group, has announced that it has now started collaborating with one of the world’s largest consumer goods groups to enable both groups to work together on research, development and testing of Versarien's proprietary Nanene few layer graphene nano-platelets in polymer structures.

The Partner has provided its first Nanene purchase order to Versarien. The Nanene will be incorporated into polymer structures, primarily for packaging applications, for testing and evaluation, with a view to improving material strength, moisture control and recyclability.

Versarien recently announced a fundraising to raise approximately £1.2 million, Now, the Company stated that it has successfully completed the fundraising, which "received a very strong response and was oversubscribed".

Given the demand, Versarien decided to increase the size of the fundraising, which will result in gross proceeds, before expenses, of £2,906,047. The Company will use the proceeds of the fundraising to purchase capital equipment and provide working capital to enable the various existing and prospective graphene related collaborations with global OEMs to be progressed. The intended capital equipment purchases are designed to enable the Company to increase the production capacity of its proprietary Nanene few layer graphene nano-platelets by a factor of approximately ten.

Advanced 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.

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

According to Versarien, IAI had agreed to buy its Nanene few-layer graphene nano-platelets technology. IAI, a defense and aerospace company, will incorporate it into composite panels for testing and evaluation with the potential to develop it commercially.

The advanced materials engineering group Versarien announced that it has won a tender for the ongoing supply of nanomaterials to the Centre for Process Innovation. Versarien will supply up to 1.2 kilograms of graphene in a variety of forms to the CPI, in addition to hexagonal layer boron nitride.

Neill Ricketts, chief executive of Versarien, said: "We are very pleased to have been successful in all the tenders we entered into to supply the CPI with our nanomaterials after a competitive process". "For Versarien this is an important route for the commercialization of products enhanced by graphene and other related materials", "We continue to receive record levels of enquires from potential purchasers of our products globally and look forward to making further announcements as appropriate," Ricketts said.