TIDMVRS

Versarien PLC

16 November 2021

Reach - Non-Regulatory

16 November 2021

Versarien plc

("Versarien" or the "Company")

Superdry pioneers production of enhanced garments with new partner Versarien

Versarien Plc (AIM:VRS), the advanced engineering materials group, is pleased to announce the public launch of the Company's commercial collaboration agreement with DKH Retail Limited, the worldwide wholesale distribution subsidiary of Superdry plc ("Superdry"). Superdry has announced today its partnership with Versarien to pioneer the production of graphene-enhanced garments, using Versarien's GRAPHENE-WEAR(TM) technology, with a view to importing graphene's thermal and moisture management properties into its garments.

Superdry has stated that it believes using Versarien's innovative graphene technology will result in product lines with improved performance and extended product lifespan, with lower environmental impact in their creation, whilst also reducing the need to add any virgin material during recycling . Superdry believes having access to Versarien's scientists and laboratories in Manchester and Cambridge will accelerate the brand's innovation platform, enabling Superdry and Versarien to create garments unlike any others on the market.

The garments that are being developed will exploit the thermal regulatory properties of Versarien's GRAPHENE-WEAR(TM) , creating a premium range of products adapted and designed to be highly technical and innovative. Control over thermal transmittance and regulation is intended to help the body manage its temperature, particularly in extreme climates and circumstances when the body is under stress. The strength of graphene is another area that is intended to improve the functionality of the garments, allowing for garments that will last longer with little fibre failure, increasing the number of wears and washes per garment, supporting Superdry's commitment to sustainability.

Commenting, Neill Ricketts, CEO of Versarien, said: "We are delighted that Superdry has publicly announced our collaboration. Since we started working with Superdry we have developed a number of sample garments and its decision to announce the collaboration and the future launch of the products we are developing together is, I believe, testament to the benefits they see in utilising Versarien's graphene technology. We look forward to continuing to work with Superdry to bring these innovative garment ranges to the market as soon as possible."

For further information please contact:

 
 Versarien 
  Neill Ricketts, CEO 
  Chris Leigh, CFO                        +44 (0) 1594 887204 
 SP Angel Corporate Finance (Nominated 
  Adviser and Joint Broker) 
  Matthew Johnson, Ewan Leggat, Adam 
  Cowl                                    +44 (0)20 3470 0470 
 Berenberg (Joint Broker) 
  Mark Whitmore, Ciaran Walsh             +44 (0)20 3207 7800 
 Yellow Jersey (Investor Relations) 
  Charles Goodwin 
  Henry Wilkinson 
  Versarien@yellowjerseypr.com            +44 (0)20 3004 9512 
 

Notes to Editors:

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.

For further information please see: http://www.versarien.com

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRALQLFFFFLLFBV

(END) Dow Jones Newswires

November 16, 2021 07:31 ET (12:31 GMT)

Versarien (LSE:VRS)
Gráfico Histórico do Ativo
De Abr 2022 até Mai 2022 Click aqui para mais gráficos Versarien.
Versarien (LSE:VRS)
Gráfico Histórico do Ativo
De Mai 2021 até Mai 2022 Click aqui para mais gráficos Versarien.