TIDMVRS

Versarien PLC

22 February 2022

Reach - Non-Regulatory

22 February 2022

Versarien Plc

("Versarien" or the "Company")

Flux Footwear to launch shoe enhanced by Versarien's graphene technology

Versarien (AIM: VRS), the advanced materials engineering group, is pleased to announce that, following a collaboration with US-based Flux Footwear LLC ("Flux"), an adaptive footwear company, the Company will be supplying graphene enhanced elastomers to Flux to bring an improved model of Flux's 'Adapt' shoe, the 'AdaptMid', to market.

Under the terms of the partnership, the 'Adapt' barefoot athleisure model has been enhanced with Versarien's Graphene-Wear(TM) technology, following research and testing to improve the rubber outsole, augmenting the shoe's mechanical and physical properties. The new model, the 'AdaptMid', provides greater durability through improved abrasion resistance whilst maintaining the shoe's traction characteristics.

Flux will be launching the 'AdaptMid' model in Autumn/Winter 2022. Ahead of the launch, a limited number of shoes can be pre-ordered in the UK directly through the Versarien products website via the following link: www.versarienproducts.co.uk .

This technology has been developed by the Company's in-house technology teams at University of Manchester and University of Cambridge as part of the GSCALE project and has the potential for multiple elastomer projects.

Neill Ricketts, CEO of Versarien, commented:

" I am delighted to announce the pre-launch of Flux's 'AdaptMid' shoe, enhanced by Versarien's Graphene-Wear(TM) technology, our first footwear product to market. As more products enhanced using Versarien technology are coming to market, there is now a definite shift within the Company towards commercialisation.

"It is great that our supporters are able to pre-order via our Versarien products website ahead of the full launch by Flux later in the year."

Enquiries:

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

About Flux

Flux LLC was founded in 2020 to create adaptive shoes that that move with rather than against foot movement, by utilising low profile floating cushion pods and tread that contours to the foot.

For further information please see: https://fluxfootwear.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

NRAEAPAFALPAEFA

(END) Dow Jones Newswires

February 22, 2022 02:00 ET (07:00 GMT)

Versarien (LSE:VRS)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024 Click aqui para mais gráficos Versarien.
Versarien (LSE:VRS)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024 Click aqui para mais gráficos Versarien.