Versarien plc (LON:VRS), the AIM quoted advanced engineering materials group and CT Engineering Group UK Ltd have today announced that they have entered into a Memorandum of Understanding (“MOU”) to develop novel graphene enhanced composite components for the aerospace industry using Versarien’s graphene technology.
Paul Chinnock, General Manager,CT Engineering Group UK, commented: “Our work with Versarien will allow us to develop a whole new generation of aerospace components with market leading material properties and performance levels. The unique combination of CT Engineering’s position as a first tier supplier to Airbus Group specialising in advanced composite research and design, and Versarien’s proprietary graphene technology, will rapidly move this venture forward and produce a range of innovative products that will disrupt the current aerospace component market.”
Neill Ricketts, CEO of Versarien plc commented: “We are very excited to be working with CT Engineering, a global business, specialising in the design of carbon fibre technology for the aerospace industry, a new sector entry for our technology. This is yet another illustration of the very real commercial traction being generated by Versarien’s graphene technology.”