Versarien plc (VRS) announced today the formal launch of its new graphene enhanced polymer range, Polygrene.
The company said it has developed a variety of polymer compounds and masterbatches under its Polygrene banner.
Polygrene includes different types of polymer as well as different weight loadings of graphene which the company has said can be used in industrial extrusion, moulding and 3d printing.
It has been developed for applications requiring increased mechanical performance over standard polymers, allowing for improvements in properties such as, tensile modulus and strength, flexural modulus and strength, compressive modulus and strength, impact strength, elongation at break, hardness and flammability.
The company noted that Polygrene can also be developed to improve thermal and electrical conductivity.
Shares in Versarien were up 6% on the day of the announcement trading at 121p each
Neill Ricketts, CEO of Versarien, commented: "The launch of the Polygrene range of graphene enhanced polymers is an important step for Versarien. The addition of graphene to polymers has been demonstrated to provide a variety of benefits, allowing innovative products to be developed. Polygrene will enable Versarien to be able to offer customers an already compounded material incorporating graphene that they can use in existing production processes.”
The Polygrene trademark has been registered, along with its Nanene, Hexotene and GraphInks products.
Neill Ricketts added that the company is in discussions with several potential customers for Polygrene and will be announcing specific applications where Polygrene is being used in due course.
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As part of the listing, the company raised £523,500 before expenses through a share placing. It has also issued warrants that if they were all exercised would raise a further £1.3 million.
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