Versarien pushes into battery market via Zap&Go collaboration
Advanced materials engineering firm Versarien has entered new collaboration agreements with several companies, including battery technology developer Zap&Go.
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The AIM-traded company said the agreement with Zap&Go concerns the integration of Versarien’s two-dimensional materials into Zap&Go’s supercapacitor-type devices in order to increase their electrical conductivity.
Neill Ricketts, chief executive of Versarien, said: "Zap&Go are at the forefront of developing ultra-fast charge carbon-ion cells that can replace slow charging lithium ion batteries in a wide variety of applications from cordless and mobile devices, to infrastructure and transport. We anticipate that the addition of our graphene to their already very innovative products will bring significant enhancements. The market potential for their technology is enormous."
Versarien already works with Warwick Manufacturing Group to produce energy storage devices with its two-dimensional nanene graphene nano platelets.
The company also announced that its subsidiary Cambridge Graphene has, through its association with Flexibat, been awarded £145,000 of a £1.2m grant to develop graphene enhanced batteries for wearable and IoT (internet of things) devices.
The Flexibat consortium is a group of companies aiming to develop thinner and more flexible batteries than those currently available, with an initial target market of healthcare related wearable technology.
Finally, Versarien confirmed that it is developing a relationship with a Chinese automotive battery manufacturer from which it has received a small order for nanene graphene nano platelets.
The company said this first order will undergo a technical evaluation by the East-Asian firm before further orders can be placed.
"Our strategy is to work with partners who can provide both technology and manufacturing expertise with a view to ensuring that Versarien is placed at the heart of the rapidly developing graphene enhanced battery ecosystem," said Ricketts.
As of 0913 BST, Versarien’s shares were up 6.41% at 134.08p.