Reach - Non-Regulatory
16 November 2021
("Versarien" or the "Company")
Superdry pioneers production of enhanced garments with new partner Versarien
Versarien Plc (AIM:VRS), the advanced engineering materials group, is pleased to announce the public launch of the Company's commercial collaboration agreement with DKH Retail Limited, the worldwide wholesale distribution subsidiary of Superdry plc ("Superdry"). Superdry has announced today its partnership with Versarien to pioneer the production of graphene-enhanced garments, using Versarien's GRAPHENE-WEARTM technology, with a view to importing graphene's thermal and moisture management properties into its garments.
Superdry has stated that it believes using Versarien's innovative graphene technology will result in product lines with improved performance and extended product lifespan, with lower environmental impact in their creation, whilst also reducing the need to add any virgin material during recycling. Superdry believes having access to Versarien's scientists and laboratories in Manchester and Cambridge will accelerate the brand's innovation platform, enabling Superdry and Versarien to create garments unlike any others on the market.
The garments that are being developed will exploit the thermal regulatory properties of Versarien's GRAPHENE-WEARTM, creating a premium range of products adapted and designed to be highly technical and innovative. Control over thermal transmittance and regulation is intended to help the body manage its temperature, particularly in extreme climates and circumstances when the body is under stress. The strength of graphene is another area that is intended to improve the functionality of the garments, allowing for garments that will last longer with little fibre failure, increasing the number of wears and washes per garment, supporting Superdry's commitment to sustainability.
Commenting, Neill Ricketts, CEO of Versarien, said: "We are delighted that Superdry has publicly announced our collaboration. Since we started working with Superdry we have developed a number of sample garments and its decision to announce the collaboration and the future launch of the products we are developing together is, I believe, testament to the benefits they see in utilising Versarien's graphene technology. We look forward to continuing to work with Superdry to bring these innovative garment ranges to the market as soon as possible."
For further information please contact:
Neill Ricketts, CEO
Chris Leigh, CFO
+44 (0) 1594 887204
SP Angel Corporate Finance (Nominated Adviser and Joint Broker)
Matthew Johnson, Ewan Leggat, Adam Cowl
+44 (0)20 3470 0470
Berenberg (Joint Broker)
Mark Whitmore, Ciaran Walsh
+44 (0)20 3207 7800
Yellow Jersey (Investor Relations)
+44 (0)20 3004 9512
Notes to Editors:
Versarien Plc (AIM: VRS), is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries.
For further information please see: http://www.versarien.com
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