Directa Plus PLC Further Agreement with Arvind, Launch of G+ Jeans
30 Outubro 2018 - 6:15AM
RNS Non-Regulatory
TIDMDCTA
Directa Plus PLC
30 October 2018
30 October 2018
Directa Plus plc
("Directa Plus" or the "Company")
Agreement to develop graphene products for sale in India
Launch of graphene enhanced G+ jeans and jackets at Kingpins in
Amsterdam
Directa Plus (AIM: DCTA), a producer and supplier of
graphene-based products for use in consumer and industrial markets,
announces that the Company has today signed a non-exclusive
agreement ("the Agreement") with Arvind Limited ("Arvind") covering
two additional vertical markets - Composites and Water Purification
in India - following the collaboration between the companies in
Textiles, announced in May.
Graphene denim launch
Arvind and Directa Plus launched the world's first graphene
enhanced G+ jeans and jackets last week at the Kingpins Show in
Amsterdam - an invitation-only denim conference and trade show
attended by all the key market players with an objective of shaping
the future of denim.
The Agreement
Under the terms of the Agreement, Directa Plus and Arvind will
collaborate to expand their existing co-operation in textiles
products to include advanced composite materials and water
treatment services, using Directa Plus' G+ branded graphene
products and the Company's Grafysorber(R) product.
The Board expects that the Agreement should help to compress the
time to market for the Company's non-textile products, in securing
a greater number of commercial contracts.
The Agreement was signed by Directa Plus CEO, Giulio Cesareo,
and Arvind CEO, Aamir Akhtar, as part of the DST-CII India-Italy
Technology Summit 2018 in New Delhi. The summit was attended by an
Italian delegation led by Prime Minister, Giuseppe Conte, and by
Indian Prime Minister Narendra Modi. The Agreement was presented to
the prime ministers as one of the results of the positive
cooperation between India and Italy.
Graphene G+ jeans and jackets
The positive effect of printing a graphene layer on the inside
of denim jeans and jackets is to increase the thermal distribution
of the fabric, such that the clothes can be worn comfortably even
in hot climates.
This innovation should help drive demand for jeans and other
items of denim attire in India in particular, where consumers have
expressed a desire for fashionable denim products compatible with
hot temperatures. Working with Arvind to meet this need is in
accordance with Directa Plus's strategy of capturing more value
from its downstream supply chain through close co-operation with
customers.
Commenting on the LOI and product launch, Giulio Cesareo,
Founder and CEO of Directa Plus, said:
"Signing this agreement with Arvind will help Directa Plus
expand further and faster in one of the world's biggest markets.
The India-Italy Technology Summit is an excellent opportunity for
companies from two of the world's leading manufacturing nations to
meet and form the basis for mutual agreement, and the support from
the very top levels of government is very welcome.
"We have enjoyed close co-operation from Arvind in recent months
and we are confident that our developing common understanding will
help both companies meet their commercial goals. The launch of the
G+ range of denimwear could prove transformational for the sale of
jeans in India and elsewhere, and Directa Plus is delighted to be
able to participate in that trend."
For further information please visit
http://www.directa-plus.com/ or contact:
Directa Plus plc +39 02 36714458
Giulio Cesareo, CEO
Marco Ferrari, CFO
Cantor Fitzgerald Europe (Nominated Adviser
and Joint Broker) +44 20 7894 7000
Rick Thompson, Philip Davies (Corporate
Finance)
Caspar Shand Kydd (Sales)
N+1 Singer (Joint Broker) +44 20 7496 3069
Mark Taylor, Lauren Kettle
Tavistock (Financial PR and IR) +44 20 7920 3150
Simon Hudson, Sophie Praill, Edward Lee
About Directa Plus
Our focus is principally on the two sectors in which we have
strong commercial advantage through developed and launched products
and a technological lead: environmental (based on our
Grafysorber(R) product) and textiles (based on our G+ products). In
addition, we will continue to pursue opportunities in elastomers
and composites (including tyres and asphalt), also using our G+
products. All our products are hypoallergenic, non-toxic and
sustainably produced.
About Arvind
The Arvind group of companies has 42,000 employees across
verticals ranging from retail to advanced materials, environmental
and social solutions to real estate, apparel to agriculture. Arvind
Denim produces over 100 million metres of fabrics and six million
pairs of jeans, and supplies a portfolio of brands that are
distinctive and relevant across diverse consumers including
Cherokee, Excalibur, Flying Machine, Gant, Levi's, Nautica, Pier
Cardin Paris, Tommy Hilfiger and Wrangler.
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
NRAKBLBXVBFBFBK
(END) Dow Jones Newswires
October 30, 2018 05:15 ET (09:15 GMT)
Directa Plus (LSE:DCTA)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Directa Plus (LSE:DCTA)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024