Patent Award

RNS Number : 6024K
Versarien PLC
17 December 2018
 

Versarien plc

("Versarien" or the "Company")

Patent Award

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that the Company's subsidiary Gnanomat S.L. ("GNA") has been awarded a patent by the Oficina Española de Patentes y Marcas, the Spanish patent office, covering a method of obtaining nanomaterials composed of carbonaceous material (e.g. graphene) and metallic oxides.

Versarien acquired 62% of GNA, based in the Parque Cientifico Madrid, Spain, in September 2018.  GNA is using Versarien's graphene products in an environmentally friendly, scalable production process for energy storage devices that offer high power density, almost instant recharging and very long lifetimes for use in electric vehicles and portable electronics products.

The patent covers a key element of this production process, allowing GNA to combine materials such as Versarien's graphene with metallic oxides in a liquid medium at moderate pressures and temperatures.  These compounds can be produced in industrial quantities and the patented process allows the physical and chemical properties of the nanomaterials to be fixed by controlling the synthesis parameters.  The Company believes that the nanomaterials obtained following this methodology provide good energy storage properties in a reproducible way.

It is the intention of GNA to extend this patent to cover territories including, amongst others, further European countries, the USA, Canada, China, Korea, Japan and India.

Roberto Clemente, GNA's CEO, commented: "The award of this patent is a key step to protect GNA's technology and the future commercial rights of its products.  This milestone is part of our strategy to protect all of our key intellectual assets and we anticipate more patents will be developed and incorporated in due course."

Neill Ricketts, CEO of Versarien, commented: "We have been very pleased with the acquisition of GNA and the progress they have been making in recent months.  The award of this patent is a key milestone as we continue to develop technology that we believe will enable the development of commercially viable graphene enhanced batteries and other energy storage devices.

"The incorporation of graphene into energy storage devices has the potential to radically enhance their capabilities, meeting the ever increasing demands to improve power density and reduce charging times for everything from hand held devices to electric cars.  This is just one example of Versarien's presence at the leading edge of developing commercially relevant graphene based technology."

Enquiries:

Versarien

Neill Ricketts, CEO

Chris Leigh, CFO

01242 269 122

Arden Partners (Nominated Adviser and Broker)

John Llewellyn-Lloyd

Dan Gee-Summons

020 7614 5900

IFC Advisory (Financial PR and IR)

Tim Metcalfe

Graham Herring

Heather Armstrong

020 3934 6630

 

About Versarien

Versarien plc (AIM:VRS), is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. Versarien has six subsidiaries operating under two divisions:

Graphene and Plastics

2-DTech Ltd, which specialises in the supply, characterisation and early stage development of graphene products. www.2-dtech.com  

AAC Cyroma Limited, which specialises in the supply of vacuum-formed and injection-moulded products to the automotive, construction, utilities and retail industry sectors. Using Versarien's existing graphene manufacturing capabilities, AAC will have the ability to produce graphene-enhanced plastic products.  www.aaccyroma.co.uk  

Cambridge Graphene Limited, supplies novel inks based on graphene and related materials, using patented processes to develop graphene materials technology.

  www.cambridgegraphene.com

Gnanomat S.L. ("GNA"), based in the Parque Cientifico Madrid, Spain, is a company capable of utilising Versarien's graphene products in an environmentally friendly, scalable production process for energy storage devices that offer high power density, almost instant recharging and very long lifetimes for use in electrical vehicles and portable electronics products. www.gnanomat.com 

Hard Wear and Metallic Products

Versarien Technologies Limited has developed an additive process for creating advanced micro-porous metals targeting the thermal management industry and supplies extruded aluminium. www.versarien-technologies.co.uk 

Total Carbide Limited, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry. www.totalcarbide.com 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NRAQQLFFVLFXFBD

Companies

Versarien (VRS)
UK 100

Latest directors dealings