Versarien plc (LON: VRS), the advanced materials engineering group, has today announced that it has signed a Memorandum of Understanding with a large state-owned Chinese aerospace company.
The Partner is, mainly engaged in the research, design, manufacture and operation of various aerospace systems.
The MOU details the parties desire to collaborate and ultimately enter into a strategic cooperation covering research, development and manufacturing in order to accelerate the industrialisation and market for graphene and other Versarien 2D materials, including Hexotene, in the Chinese aerospace sector. This will include exploring their uses within the fields of, amongst others, microwave and electromagnetic radiation shielding, heat dispersion coatings, 3D printing and flexible wearable devices.
Neill Ricketts, CEO of Versarien plc, commented: “We are delighted to have reached this agreement with our latest Chinese Partner.
“The aerospace sector is at the forefront of developing advanced materials to cope with demands for attributes such as lightness, high strength, conductivity, temperature resistance and corrosion resistance. We believe that the incorporation of Versarien’s graphene and other 2D materials can provide significant benefits and we look forward to collaborating with the Partner to develop new and innovative products.
‘This agreement is the latest in a series that we have entered into with parties in China and I would like to take this opportunity to again thank both the Chinese and UK governments for the support and assistance they are providing.”