OREANDA-NEWS. Versarien plc (AIM: VRS), the AIM quoted advanced engineering materials group and CT Engineering Group UK Ltd are pleased to announce that they have entered into a Memorandum of Understanding ("MOU") to develop novel graphene enhanced composite components for the aerospace industry using Versarien's graphene technology.

Paul Chinnock, General Manager,CT Engineering Group UK, commented: "Our work with Versarien will allow us to develop a whole new generation of aerospace components with market leading material properties and performance levels.  The unique combination of CT Engineering's position as a first tier supplier to Airbus Group specialising in advanced composite research and design, and Versarien's proprietary graphene technology, will rapidly move this venture forward and produce a range of innovative products that will disrupt the current aerospace component market."

Neill Ricketts, CEO of Versarien plc commented: "We are very excited to be working with CT Engineering, a global business, specialising in the design of carbon fibre technology for the aerospace industry, a new sector entry for our technology.  This is yet another illustration of the very real commercial traction being generated by Versarien's graphene technology."

 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 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.    

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

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