Versarien Plc (LON:VRS) CEO Neill Ricketts talks to DirectorsTalk about a fully subscribed placing to raise £1.1m. Neill gives an overview of the fund raise, explains how supportive existing shareholders have been, tells us what the proceeds will be used for and talks about the high number of opportunities at the moment.
Versarien plc, is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. Versarien has three subsidiaries:
Versarien Technologies Ltd owns the exclusive rights to a patent-protected additive process for creating advanced micro-porous metals targeting the thermal management industry and manufactures extruded aluminium heat sinks for the electronics and computing industries. www.versarien-technologies.co.uk Versarien Advanced Composites Limited has been established in order to progress the commercial application of graphene-enhanced composite products. Total Carbide Ltd, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry. www.totalcarbide.com 2-DTech Ltd., which specialises in the supply, characterisation and early stage development of graphene products. www.2-dtech.com
