Reach - Non-Regulatory
1 October 2024
Versarien Plc
("Versarien", the "Company" or the "Group")
Agreement with Balfour Beatty
Versarien Plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that the Company has signed an agreement with Balfour Beatty Group Limited ("Balfour Beatty") to develop a range of low carbon, graphene-infused, 3D-printable mortars suitable for civil construction.
The goals for the project are to develop innovative, sustainable, and cost-effective 3D-printable mortars suitable for civil construction, while establishing a robust UK-based supply chain and demonstrating their efficacy in real-world applications.
This will include formulating three types of mortar: one based on local materials, and two enhanced with Versarien's graphene admixture, CementeneTM. Additionally, efforts will focus on establishing a UK-based supply chain, involving identifying local suppliers, integrating the graphene admixture, implementing quality control protocols, and creating distribution channels and sales frameworks for both domestic and international markets.
The project will involve demonstrating the application of these mortars in real-world scenarios within Balfour Beatty's Highways business, and assessing their performance, durability, and cost-effectiveness compared to traditional construction materials. It will also evaluate the viability of 3D printed construction methods, considering aspects like cost, time efficiency and sustainability.
Collaboration with various bodies will be pursued to propose changes to design codes, ensure certification of products and address any regulatory hurdles throughout the project lifecycle.
Dr Stephen Hodge, CEO of Versarien, commented: "We are delighted to be working with Balfour Beatty and their Highways business on this project to further develop 3D printable construction materials enabling low-carbon, efficient construction solutions. Versarien already has experience of working with Balfour Beatty through both being members of the National Highways Roads Research Alliance and the Digital Roads of the Future project. We look forward to deepening our relationship."
For further information please contact:
| Versarien Stephen Hodge, Chief Executive Officer Chris Leigh, Chief Financial Officer
| c/o IFC |
| SP Angel Corporate Finance (Nominated Adviser and Broker) Matthew Johnson, Adam Cowl
| +44 (0)20 3470 0470
|
| IFC Advisory Limited (Financial PR and Investor Relations) Tim Metcalfe, Zach Cohen | +44 (0) 20 3934 6630 |
For further information please see: http://www.versarien.com
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