23rd Jun 2016 07:22
LONDON (Alliance News) - Advanced engineering materials company Versarien PLC on Thursday said it has signed a memorandum of understanding with CT Engineering Group UK Ltd.
The pair will collaborate on developing graphene-enhanced composite components for the aerospace industry using Versarien's graphene technology.
The deal follows one signed by Versarien last week with Absolute Engineering Ltd. Under that deal, Versarien and Absolute will work on developing new technologies for the printing industry, including graphene-enhanced composites.
"We are very excited to be working with CT Engineering, a global business, specialising in the design of carbon fibre technology for the aerospace industry, a new sector entry for our technology. This is yet another illustration of the very real commercial traction being generated by Versarien's graphene technology," said Neill Ricketts, Versarien's chief executive.
Shares in Versarien were untraded early Thursday, having last traded at 12.80 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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