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Versarien (LSE:VRS) announced that it has signed a supply agreement to provide the company’s new graphene enhanced polymer range to AECOM for a current infrastructure project. As quoted in the press release: This supply agreement follows the collaboration the Company entered into with AECOM, a US headquartered and Fortune 500 company, announced on 24 August …
Versarien (LSE:VRS) announced that it has signed a supply agreement to provide the company’s new graphene enhanced polymer range to AECOM for a current infrastructure project.
As quoted in the press release:
This supply agreement follows the collaboration the Company entered into with AECOM, a US headquartered and Fortune 500 company, announced on 24 August 2018. 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.
AECOM have confirmed the first Statement of Work (“SOW”) from the supply agreement which includes the supply of 50 kg of Versarien’s graphene enhanced polymer material to be delivered in early December 2018, with a further SOW expected to cover the delivery of 200 kg in early January 2019. These quantities will be used for final testing of the structures and upon successful completion of final tests, the companies expect to make further announcements in Q1 2019.
“We are delighted that our collaboration with AECOM has progressed as we had anticipated,” said Neill Ricketts, CEO of Versarien. “This application has significant potential for Versarien, as the volumes of graphene that are required in these types of structure are significantly larger than for many other applications given the scale of the structures being produced.
“We look forward to continuing to work with AECOM on the final phases of testing and look forward to making further announcements on this project in the New Year.”