Versarien secures first graphene order from Japanese manufacturer
Versarien has secured its first graphene orders from the North American corporate research and development centre of a Japanese headquartered company.
Chemicals
9,390.47
17:10 19/04/24
FTSE AIM All-Share
745.67
17:08 19/04/24
Versarien
0.10p
16:39 19/04/24
The AIM-listed advanced materials engineering group said the order received on Monday, which is its first from a Japanese headquartered company, followed favourable initial graphene quality testing trials. The order is for 1kg of each of its high purity graphene nano platelets and Nanene.
Versarien said the unnamed customer is a global automotive components company that has operations in more than 40 countries, employing in excess of 250,000 people.
Chief executive Neill Ricketts said: "This order emphasises the importance to the company of the seconded employees from the Department for International Trade and their ability to access key markets and truly global corporations. We look forward to working with this customer to help them maximise the benefits the addition of our graphene can bring to a number of their products."
Peter Jay and Matt Walker both joined Versarien on secondment from the Department for International Trade in 2018 as part of the UK government's plans to support UK businesses with their overseas investments.
Versarien's shares were up 4.50% at 104.50p at 0951 BST.