# Versarien plc Textile Commercial Partnership Agreement

- Link: https://www.directorstalkinterviews.com/versarien-plc-textile-commercial-partnership-agreement/412799137
- Published: 2019-11-27T07:15:40+00:00
- Author: Giles Arbor

**Versarien Plc** (LON: VRS), the advanced materials engineering group, has today
announced that it has signed a Commercial Partnership Agreement with the Company’s
textile sector collaboration partner, MAS Innovation Limited (“Twinery – Innovations
by MAS”). The Agreement follows the Letter of Intent between the parties, announced
on 26 July 2019, which set out the intent of both parties to enter into a formal
commercial partnership.

Twinery – Innovations by MAS is part of MAS Holdings, a holding company for a portfolio
of businesses with a combined revenue of c.US$ 2 billion which are positioned as
one of the world’s most recognised design to delivery solution providers in apparel
and textile manufacturing. MAS is also the largest apparel and textile manufacturer
in South Asia. MAS Holdings is headquartered in Sri Lanka and has 53 manufacturing
facilities across 16 countries, with design locations placed in key style centres
across the globe and over 99,000 people involved in its operations. Further information
on MAS may be found at http://www.masholdings.com.

Versarien and MAS have been collaborating since signing a collaboration agreement,
as announced on 8 January 2018, to develop new garments utilising Versarien’s graphene
ink materials, with several prototypes already having been developed, wearer trials
conducted and rigorous testing carried out by a leading UK accredited test house.
The Agreement sets out the basis under which the parties will operate with the objective
of securing commercial orders or contracts for garments developed using Versarien’s
proprietary graphene ink materials. The Agreement allows both parties to finalise
additional contractual terms with third party brands. Due to the Agreement’s confidentiality
terms and commercial sensitivity, further specific product information may not be
disclosed until products are launched into the market.

> **Neill Ricketts, CEO of Versarien, commented: **
> “We are delighted to have secured a commercial partnership with MAS, a global 
> apparel manufacturer at the forefront of innovative garment manufacture. The is
> the first demonstration of our graphene commercialisation strategy with a major
> global partner moving from the stage of having a collaboration agreement, through
> signing a letter of intent, to entering into a full commercial partnership agreement.
> “We look forward to working with MAS and its customers to bring innovative graphene
> enhanced garments to the global marketplace.”

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