Versarien plc (LON:VRS), the advanced materials group, have today announced it has signed heads of terms regarding a distribution agreement with Lansdowne Chemicals Plc (“Lansdowne Chemicals”) for its recently launched new graphene brand Nanene.
Lansdowne Chemicals, a member of the Overlack Group, is a chemical distribution, manufacturing and marketing company with two UK sites and operations in Europe, Asia and the USA. The agreement, which will be for an initial six months and thereafter terminable on three months notice, will help accelerate Versarien’s route to market for Nanene by enabling Lansdowne Chemicals to target customers which Versarien currently has no relationship with.
Further information on Nanene may be found at the dedicated website: www.nanene.com
Robert Moss, Group Managing Director of Lansdowne Chemicals, commented: “The wonder material graphene fits perfectly into our existing, expansive portfolio of specialty chemical additives, underlining our strengths as an innovative global company with a service built on loyalty, enthusiasm and quality.
“Working together, it is our intention that Nanene will increase the efficiency of modern day products, decrease waste and emissions and reduce the current overreliance of finite natural resources. We hope that this will help to support the chemical industry in becoming environmentally sustainable.
“Versarien is a company built on similar philosophies to our own and we have already established a strong relationship. We are very happy for this official partnership to begin and look forward to the future working together.”
Neill Ricketts, CEO of Versarien Plc, commented: “Now that we have proven capacity and capability to produce Nanene we need to get this new product to market as quickly as possible, to as many as possible and by every appropriate route. The agreement with Lansdowne Chemicals will be an important development for us and we are pleased to have secured the support of a significant global chemical distributor. They are extremely well known to us and we look forward to utilising their distribution channels, especially in Europe.”