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Versarien enters agreement to promote interests in South Korea, secures £1.93 million strategic investment

Versarien enters agreement to promote interests in South Korea, secures £1.93 million strategic investment
graphene-info.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from graphene-info.com Daily Mail and Mail on Sunday newspapers.

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Investegate |Versarien PLC Announcements | Versarien PLC: £1.93m strategic investment by Graphene Lab


 
Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has entered into a wide-ranging series of agreements (together the Agreement ) with Graphene Lab Co Ltd ( Graphene Lab ), a South Korean based company specialising in chemical vapor deposition ( CVD ) graphene, including sensors, OLEDs, and flexible transparent touch panels, with the intention of advancing both Versarien s and Graphene Lab s proposed activities in South Korea.  This follows the Company s acquisition of certain graphene production related assets and intellectual property from South Korea based Hanwha Aerospace Co. Ltd (the Acquisition ), as announced on 22 December 2020.
 
In addition, Graphene Lab has made a strategic investment of £1.93 million in the Company through a subscription for 4,280,000 new Ordinary Shares (the Subscription Shares ) at an issue of price of 45 pence per Ordinary Share (the Issue Price ).  The Subscrip ....

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Versarien enters £1.93m strategic investment by Graphene Lab | 9 April 2021


9 April 2021 | 08:06am
StockMarketWire.com - Advanced materials engineering group Versarien has entered into a wide-ranging series of agreements with Graphene Lab to advance both companies proposed activities in South Korea.
Graphene Lab is a South Korean based company specialising in chemical vapor deposition graphene.
This follows Versarien s acquisition of certain graphene production related assets and intellectual property from South Korea based Hanwha Aerospace Co as announced on 22 December 2020.
The agreement provides a licence to Graphene Lab to utilise, exclusively in South Korea, 14 of the patents acquired through the Acquisition for a 5% royalty on sales payable to Versarien.
Under the Agreement, Graphene Lab has the right to use certain Versarien trademarks on payment of a 2% royalty on sales to Versarien. ....

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