VERSARIEN PLC

Management Reports • Jun 27, 2019

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RNS Number : 7000D

Versarien PLC

27 June 2019

27 June 2019

Versarien plc

("Versarien" or the "Company")

Appointment of New Head of US Operations

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that Brian Berney has been appointed as President North American Operations at Versarien Graphene Inc ("VGI") with effect from 1 July 2019.

Mr Berney is a British born and educated engineer, who has worked in the US for the past 39 years.  Previously he was President and CEO of Dynavolt Technologies Inc, the US division of Chinese company Guangdong Dynavolt Renewable Energy Technology Co., Ltd ("Dynavolt"), a position he has held for the last three years.  Dynavolt is a leading speciality battery manufacturer.

Prior to joining Dynavolt, Mr. Berney held a variety of senior engineering, sales and marketing and management positions in the automotive and aerospace technology sector, including with Mahle, Dover Corporation and Lacy Diversified Industries.

Mr Berney will lead Versarien's activities in North America and will report to Neill Ricketts, CEO.  Mr Berney is not considered by the Company to be a person discharging managerial responsibilities as set out in Article 3(1)(25) of the Market Abuse Regulation (MAR).

Patrick Abbott, Vice President North American Operations, has left his employment at VGI with immediate effect in order to concentrate on his upcoming court case.

The Company will provide a further update on developments at VGI as part of its preliminary results for the financial year ended 31 March 2019.  

Neill Ricketts, CEO of Versarien plc, commented: "We are very pleased to welcome Brian Berney to Versarien.  Brian brings many years experience working in the automotive and aerospace sectors, the vast majority of that time in North America.  His wide-ranging skills and experience are ideally suited to the opportunities both secured and emerging for Versarien in the US market."

Enquiries:

Versarien Neill Ricketts, CEO Chris Leigh, CFO	+44 (0)1242 269 122
Canaccord Genuity (Nominated Adviser and Broker) Bobbie Hilliam Emma Gabriel	+44 (0)20 7523 8000
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong	+44(0)20 3934 6630

About Versarien

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. Versarien has six subsidiaries operating under two divisions:

Graphene and Plastics

2-DTech Ltd, which specialises in the supply, characterisation and early stage development of graphene products. www.2-dtech.com  

AAC Cyroma Limited, which specialises in the supply of vacuum-formed and injection-moulded products to the automotive, construction, utilities and retail industry sectors. Using Versarien's existing graphene manufacturing capabilities, AAC will have the ability to produce graphene-enhanced plastic products.  www.aaccyroma.co.uk  

Cambridge Graphene Limited, supplies novel inks based on graphene and related materials, using patented processes to develop graphene materials technology.

www.cambridgegraphene.com

Gnanomat S.L. ("GNA"), based in the Parque Cientifico Madrid, Spain, is a company capable of utilising Versarien's graphene products in an environmentally friendly, scalable production process for energy storage devices that offer high power density, almost instant recharging and very long lifetimes for use in electrical vehicles and portable electronics products.www.gnanomat.com 

Hard Wear and Metallic Products

Versarien Technologies Limited has developed an additive process for creating advanced micro-porous metals targeting the thermal management industry and supplies extruded aluminium. www.versarien-technologies.co.uk 

Total Carbide Limited, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry. www.totalcarbide.com 

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