According to the news website Punchline-Gloucester.com, Cheltenham, UK based advanced materials producer Versarien PLC has announced it has signed a commercial partnership agreement with Sri Lanka headquartered textiles and apparel giant MAS. The two companies have been collaborating since January 2018 to develop new graphene enhanced garments using Versarien's proprietary graphene ink materials, the website reports.
Graphene inks can be used to add new properties, including thermal, waterproof, fireproof and conductivity to fabrics and garments.
The report goes on to say: “In an announcement to the Stock Exchange, the Cheltenham-based firm confirmed that it had now become a formal commercial partnership.”
“MAS is a holding company for a portfolio of textile and apparel manufacturing businesses with a combined revenue in excess of $2billion. The Sri Lanka-based group is also the largest apparel and textile manufacturer in Asia and has 53 manufacturing bases in 16 countries across the planet.”
According to the report, Neill Ricketts, CEO of Versarien, commented: "We are delighted to have secured a commercial partnership with MAS, a global apparel manufacturer at the forefront of innovative garment manufacture.
"The is the first demonstration of our graphene commercialisation strategy with a major global partner moving from the stage of having a collaboration agreement, through signing a letter of intent, to entering into a full commercial partnership agreement.
"We look forward to working with MAS and its customers to bring innovative graphene enhanced garments to the global marketplace."
Versarien utilises proprietary materials technology to create innovative engineering solutions that it says are capable of having game-changing impact in a broad variety of industry sectors. Founded in 2010, it has continued to develop advanced materials and processes to satisfy customer-specific applications whilst expanding its portfolio of intellectual property through acquisition.
The company says that its product offerings are capable of having a game-changing impact in a broad variety of industry sectors.
Courtesy: Innovation In Textiles
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