21st Mar 2019 09:23
LONDON (Alliance News) - Versarien PLC on Thursday said it has set up a new US business, Versarien Graphene Inc, to help with expansion in the country.
The advanced materials engineering group added it is in the process of establishing a new office, laboratory facility and application centre in Houston, Texas, its chosen US hub.
Patrick Abbott has been appointed as vice president of North American operations to oversee the company's activities in the area. He is an "experienced speciality materials professional" with over 20 years' experience in the sector, Versarien added.
"We are very pleased to be moving to the next stage of our development in the US with the establishment of Versarien Graphene Inc and a dedicated facility in Houston," Chief Executive Neill Ricketts said.
"We are already pursuing a number of substantial opportunities in the US, particularly through the support of the National Graphene Association, and I expect our level of activity to significantly increase in the coming months, particularly given the high number of enquires we have had for the supply of our graphene and other 2D materials from leading US companies."
Versarien shares were trading 2.6% higher at 98.49 pence each on Thursday.
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