20th Apr 2016 07:40
LONDON (Alliance News) - Engineering materials group Versarien PLC on Wednesday said it has signed a memorandum of understanding with Warwick Manufacturing Group to collaborate on producing power storage devices.
The pair will work on making batteries and supercapacitors using Versarien's graphene nano platelets.
"We are delighted to be working on this project with WMG and we look forward to developing a technologically advanced lithium battery that will have numerous applications in real life," said Versarien Chief Executive Neill Ricketts.
Shares in Versarien were down 4.5% to 12.65 pence Wednesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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