Versarien (VRS)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

0.11p
   
  • Change Today:
      0.004p
  • 52 Week High: 5.10p
  • 52 Week Low: 0.087p
  • Currency: UK Pounds
  • Shares Issued: 1,488.17m
  • Volume: 4,316,953
  • Market Cap: £1.67m
  • RiskGrade: 561

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Versarien launches graphene-enhanced face mask

By Josh White

Date: Monday 03 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Materials engineering company Versarien announced the launch of its first graphene-enhanced protective face mask on Monday, which used its graphene-enhanced polymer 'Polygrene'.
The AIM-traded firm said the launch of the new mask coincided with the first two orders it had received, following recent pre-launch sales activity, which resulted in 100,000 masks being delivered to an unnamed "leading British university", and 20,000 ordered by an unnamed UK electrical and mechanical servicing and repairs business.

It said the mask, designed and manufactured with a Chinese partner, is a filtering facepiece rated 'FFP2', which was designed to help provide enhanced protection against airborne bacteria and to minimise the spread of viral infection.

It met the 'BS EN 149:2001+A1:2009' standard for respiratory protective devices, while its antibacterial performance was certified according to 'GB/T 20944.2.2007' and its anti-viral performance was certified according to 'ISO 18184:2014 (E)'.

As a result, the mast met the guidelines issued by the World Health Organization.

Versarien said the new mask was enhanced with a coated layer using 'Polygrene', which it described as an advanced graphene-based material featuring 'Nanene'.

The addition of graphene to polymers provided "many benefits", the board claimed, including allowing innovative products to be developed using existing production processes.

It said the Polygrene was blended with a "sustainably sourced" cellulose material mix.

"Our new graphene enhanced mask is just one example of Polygrene's versatility and the high-quality design specifications that can be met using the material," said chief executive officer Neill Ricketts.

"We have taken great encouragement from the initial level of interest and are already in discussions with a number of other potential customers. Importantly, through our partner, we also have the capacity to fulfil much larger numbers of product orders going forward."

At 1606 BST, shares in Versarien were up 12.2% at 46p.

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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.

 

Versarien Market Data

Currency UK Pounds
Share Price 0.11p
Change Today 0.004p
% Change -3.45 %
52 Week High 5.10p
52 Week Low 0.087p
Volume 4,316,953
Shares Issued 1,488.17m
Market Cap £1.67m
RiskGrade 561

Versarien Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.46% below the market average16.46% below the market average16.46% below the market average16.46% below the market average16.46% below the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average
Price Trend
99.2% below the market average99.2% below the market average99.2% below the market average99.2% below the market average99.2% below the market average
87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average
Income Not Available
Growth
50.75% below the market average50.75% below the market average50.75% below the market average50.75% below the market average50.75% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

Versarien Dividends

No dividends found

Trades for 18-Apr-2024

Time Volume / Share Price
11:17 387,111 @ 0.11p
09:23 12,500 @ 0.11p
09:11 352,444 @ 0.11p
09:08 1,729,162 @ 0.11p
08:45 1,820,738 @ 0.11p

Versarien Key Personnel

Finance Director Christopher Leigh
CEO Stephen Hodge

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