Directa Plus PLC Agreement with Poltrona Frau
10 Agosto 2020 - 3:00AM
RNS Non-Regulatory
TIDMDCTA
Directa Plus PLC
10 August 2020
10 August 2020
Directa Plus plc
("Directa Plus" or the "Company")
Letter of Intent signed with Poltrona Frau S.p.A.
Directa Plus (AIM: DCTA), a leading producer and supplier of
graphene nanoplatelets based products for use in consumer and
industrial markets, is pleased to announce that it has signed a
Letter of Intent with Poltrona Frau S.p.A, a global leader in
high-end furniture manufacture for residential, bespoke and
commercial use.
Part of Haworth Inc., an American multinational corporation and
global leader in office furniture manufacture, which is
headquartered in Michigan, with 7,500 employees and annual revenues
of c.US$2 billion, Poltrona Frau owns a number of luxury furniture
brands, including Poltrona Frau, Cassina, Cappellini, Luxury Living
and others.
Poltrona Frau is also active the automotive industry as the main
supplier of leather components to Ferrari and collaborates other
prestigious car makers such as Maserati, Lamborghini, McLaren,
Lotus, Aston Martin, Bentley, Rolls Royce, JLR and Porsche.
In addition, Poltrona Frau plays an important role in the
aviation sector as leather furniture supplier for First and
Business class cabins of the world's leading airlines and also in
the marine sector as the main leather supplier of Ferretti Group
and Azimut Group.
The collaboration between Directa Plus and Poltrona Frau has
been signed for an initial two years with the aim of developing a
new sustainable and high tech leather enhanced by the properties of
Directa Plus's proprietary graphene technology. It is anticipated
that G+(R) enhanced leather will provide antimicrobial and
antiviral properties, improved thermal regulation, electrical
conductivity, and mechanical properties such as as abrasion
resistance and UV resilience.
After the product development phase, Directa Plus and Poltrona
Frau will work together to promote and commercialise the Poltrona
Frau Leather enhanced with G+(R) Graphene Plus to customers of
Poltrona Frau across all of their key sectors, giving rise to an
enduring industrial and commercial partnership.
Giulio Cesareo, Chief Executive of Directa Plus, commented:
"Poltrona Frau is widely recognised as a global leader in luxury
leather furnishings, from armchairs, to sports cars, to yachts, and
we are delighted to have signed an agreement to work together.
"High quality leather has been a material of choice for
designers and manufacturers for centuries due to its aesthetic and
mechanical properties. By working together, Directa Plus and
Poltrona Frau can combine knowledge and experience to bring new
qualities to leather and enhance existing ones.
"This agreement is an excellent example of Directa's
commercialisation strategy working well, to help bring the benefits
of graphene to existing markets by working alongside existing
industrial leaders."
For further information please visit
http://www.directa-plus.com/ or contact:
Directa Plus plc +39 02 36714458
Giulio Cesareo, CEO
Marco Ferrari, CFO
Cenkos Securities plc (Nominated Adviser
and Joint Broker) +44 131 220 6939
Neil McDonald
Pete Lynch
N+1 Singer (Joint Broker) +44 20 7496 3069
Mark Taylor
Tavistock (Financial PR and IR) +44 20 7920 3150
Simon Hudson, 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.
-ends-
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END
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