Directa Plus (DCTA)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

19.20p
   
  • Change Today:
    -0.80p
  • 52 Week High: 72.00
  • 52 Week Low: 16.00
  • Currency: UK Pounds
  • Shares Issued: 66.06m
  • Volume: 4,674
  • Market Cap: £12.68m
  • RiskGrade: 472

Directa Plus gets Italian patent for tyre applications

By Josh White

Date: Monday 19 Feb 2018

LONDON (ShareCast) - (ShareCast News) - Graphene-based products producer and supplier Directa Plus announced on Monday that the Ufficio Brevetti e Marchi - the Italian patent and trademark office- has granted it a patent for the product and application of its new graphene-based solution for enhancing the performance of tyres.
The AIM-traded firm said that specifically, the patent covered its 'elastomeric composition comprising graphene and tyre components comprising said composition'.

It said the incorporation of Graphene Plus (G+) in tyres produced the joint effect of simultaneously reducing rolling resistance and increasing grip.

"The result is a tyre that is both faster in motion and safer in turning under braking or in extreme weather conditions," the board explained in its statement.

"In addition, the effectiveness of G+ reduces fuel consumption as overcoming resisting forces accounts for a significant proportion of a vehicle's fuel usage as well as increasing the lifespan of the tyre due to reduced wear.

"As a result, the application of G+ offers economic efficiency as well as environmental sustainability."

It explained that the benefits of incorporating G+ into tyres had been demonstrated by the company's long standing relationship with Vittoria group, a leading manufacturer of bicycle tyres.

Vittoria had already launched multiple award-winning G+ bicycle tyres for on-road and off-road use.

The company said it was also conducting ongoing tests with other automotive and potential industrial partners of its G+ elastomeric composition for tyres.

"The push for fuel efficiency from consumers and environmental groups means there is a growing demand for eco-friendly tyres," said chief executive Giulio Cesareo.

"Offering tyres that are both sustainable and performance-enhancing reflects the core values of Directa Plus, and is bringing real innovation to an established and expanding industry."

Cesareo noted that the "unique "qualities of G+ had been validated in bicycle tyres through its commercial partnership with Vittoria.

"The receipt of this latest patent means we are now well positioned to expand the rollout of G+ tyres to the global automobile and motorcycle industries."

Directa Plus confirmed it now has a portfolio of 17 patents granted, and 15 pending.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Directa Plus Market Data

Currency UK Pounds
Share Price 19.20p
Change Today -0.80p
% Change -4.00 %
52 Week High 72.00
52 Week Low 16.00
Volume 4,674
Shares Issued 66.06m
Market Cap £12.68m
RiskGrade 472

Directa Plus Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.61% below the market average15.61% below the market average15.61% below the market average15.61% below the market average15.61% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Price Trend
91.89% below the market average91.89% below the market average91.89% below the market average91.89% below the market average91.89% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average
Income Not Available
Growth
41.29% above the market average41.29% above the market average41.29% above the market average41.29% above the market average41.29% above the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
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Directa Plus Dividends

No dividends found

Trades for 17-May-2024

Time Volume / Share Price
11:01 3,000 @ 18.50p
11:01 1,500 @ 18.50p
09:04 174 @ 18.45p

Directa Plus Key Personnel

CEO Giulio Giuseppe Cesareo
CFO Giorgio Bonfanti

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