LONDON, UK: Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, has signed a non-binding Letter of Intent (LOI) with a leading worldwide supplier of automotive interiors to Tier 1 manufacturers.

The partners intend to develop a suite of new products for the automotive industry based on the antimicrobial properties (antibacterial and antiviral), thermal comfort and electrical conductivity properties of the Company’s G+® enhanced fabrics.

The LOI has a 12 month term and sees the partners agree to combine resources, competence and know-how to develop G+® enhanced fabrics into a platform of ready to use products for the automotive industry. If both parties are satisfied with the results achieved after the 12 months, the partners shall undertake to negotiate a Supply Agreement between the two companies.

Directa Plus is already working with the partner to produce prototypes for a number of global Tier 1 auto manufacturers.

Commenting, Giulio Cesareo, Founder and CEO of Directa Plus, said: “We have developed, with trusted like-minded partners, innovative new products exploiting the properties of our G+® graphene nanoplatelets in fabrics and materials. These range from workwear, sportswear and shoe applications to industrial filtration applications. We are delighted to announce this partnership with a respected global innovator with deep knowledge and experience to address automotive interior markets.”

Directa Plus was established in 2005 and is based in Lomazzo (Como, Italy) and has been listed on the AIM market of the London Stock Exchange since May 2016. The Company holds the Green Economy Mark from London Stock Exchange which recognises companies that contribute to the global green economy.

http://www.directa-plus.com/