Versarien PLC Q&A: Collaboration with Israel Aerospace Industries (LON:VRS)

Versarien plc

Versarien PLC (LON:VRS) Chief Executive Officer Neill Ricketts caught up with DirectorsTalk for an exclusive interview to discuss their recent collaboration with Israel Aerospace Industries

 

Q1: We saw this morning that Versarien announced a collaboration with Israel Aerospace Industries (IAI), can you tell us a bit about the nature of the collaboration?

A1: Yes, sure. So, this came as a result of a Department of International Trade trade mission to Israel about 18 months ago and we’ve been working hard on this. IAI is one of the world leaders in the use of carbon-fibre composites in aircraft and the collaboration is really around using the fantastic properties of graphene actually in applications they have right now.

So, for us, it’s a monumental event, it means that our products are heading towards being used in aircraft and that’s not a small journey or a small achievement by any stretch of the imagination. It’s one of many companies that we’re talking to about using graphene in carbon-fibre composites so it’s really a big milestone for us.

 

Q2: How is your relationship with Israel Aerospace Industries come about and how is it developing?

A2: So, dealing with any Israeli company is challenging and this is a defence company so there’s a huge amount of confidentiality and even to get a quote is a real achievement. What we have here is the ability to be able to take our materials and work closely with the guys in not only in aircraft but in defence projects and space projects and so on. They’re extremely enthusiastic, they want to get going straight away and for us, as I said before, it’s a real big milestone, these guys are highly enthusiastic and really wanting to see the benefits of using graphene in these products.

 

Q3: Can you tell us a bit more about the potential benefits and uses of Nanene in the aerospace sector?

A3: Well, I’m sure they’ll be a bit more news on that later on in the week but what we have now is a great database of positive test results in these applications and we have full characterisation data of the material. So, when we’re talking to these companies now, even if they’ve had tried this material or similar materials before, what we can actually do now is to demonstrate to them that our materials are some of the best in the world, even not the best in the world and that we’ve got independent test data that shows how graphene can be used in all these applications.

What we’re starting to see now is companies are becoming highly enthusiastic about using these materials, they’re slightly sceptical about some of the test results they may have had in the past from other vendors’ material but because we have this independent data, it gives us a huge advantage in starting these conversations.

This announcement today is, as I said before, a massive milestone for Versarien PLC, it’s our first aerospace application for graphene and it shows that we’re making significant progress with this business.

Share on:
Find more news, interviews, share price & company profile here for:

    Versarien raises £425,000 to support 3D printing scale-up

    Versarien plc (LON:VRS) raises £425,000 through a placing, aiming to enhance low-carbon 3D construction mortar production and secure strategic investments.

    Versarien’s diverse portfolio setting the stage for continued success

    Versarien Plc announces its audited financial results for the year ending September 30, 2024, highlighting key achievements in engineering materials and graphene innovation.

    Versarien’s Graphinks signs two-year supply agreement with Montana Química

    Versarien Plc has entered a two-year supply agreement with Montana Química LTDA to provide proprietary Graphinks™, enhancing its partnership in advanced materials.

    Versarien to hold General Meeting on 24 March 2025

    Versarien plc announces a General Meeting on March 24, 2025, to renew share capital authorities, vital for maintaining its operations and future funding.

    Versarien completes sale of Korean assets to MCK Tech

    Versarien Plc updates on the successful sale of its Korean plant to MCK Tech, confirming a total receipt of £611,000 and licensing agreements for its patents.

    Versarien raises £246,038 via Placing

    Versarien plc (LON:VRS) raises £246,038 through a placement of 745 million new shares, enhancing corporate funding and shareholder transparency.

      Search

      Search