LONDON: Versarien plc, the advanced materials engineering group, has completed a binding agreement for the sale of the company’s wholly owned subsidiary, AAC Cyroma Limited to Harper Bennett Limited for a total consideration of £550,000, subject to any adjustments arising from completion accounts. The consideration of £550,000 is payable in cash, in 16 equal quarterly…
LONDON, UK: Versarien Plc, the advanced engineering materials group listed on AIM (VRS), has released its audited financial results for the year ending 30 September 2023. The report shows a decrease in group revenues from £11.11 million in the previous 18-month period to £5.45 million. Graphene-related revenues also fell to £0.24 million from £2.15 million….
LONDON, UK: Versarien Plc, the advanced materials engineering group, has announced that it has sold its plant and equipment in South Korea, which were used for producing graphene, to MCK Tech Co. Ltd for £604,000. The deal also includes an exclusive licence agreement for MCK Tech to use five of Versarien’s patents in Korea for…
LONDON, UK: The Board of Versarien Plc announced that James Stewart CBE will retire as Non-executive Chairman on 31 December 2021 and Diane Savory OBE DL will be appointed as the Company’s new Non-executive Chairman on 1 January 2022. As part of the transition process, Ms Savory will attend monthly Board meetings until formally taking…
LONDON, UK: Versarien plc, the advanced materials engineering group, announced that Dr Stephen Hodge has been appointed as the Company’s Chief Technology Officer (CTO) and has joined the Company’s Board with immediate effect. Dr Hodge is currently Head of Research at Versarien, a role he has held since July 2018. Prior to this, he was…
LONDON, UK: Versarien plc, the advanced materials engineering group, announced that the Company has been awarded a legally binding £5 million loan facility by Innovate UK Loans Limited, a wholly owned subsidiary of UK Research and Innovation. Innovate UK has been running an extended pilot innovation loans programme over the past three years with £75…
LONDON: Versarien plc, the advanced materials engineering group, announced that James Stewart CBE has been appointed as the Company’s Non-executive Chairman with immediate effect. Mr Stewart is currently Managing Partner of Menlo Partners LLP, an investment and advisory company with a particular focus on technology companies operating in the UK and China. Prior to founding…
LONDON, UK: Versarien Plc has been selected to participate in the Graphene Flagship project led by Airbus. Versarien is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. Funded by the European Commission, the Graphene Flagship facilitates cooperation between its partners,…