Directa Plus says Setcar unit awarded €1.15mln EU grant
The total financed program is for €1.15mln, of which €0.6mln is non-refundable
Company
LON:DCTA
Directa Plus PLC is one of the largest producers and suppliers worldwide of graphene nanoplatelets-based products for use in consumer and industrial markets. The company's graphene nanoplatelets-based products are natural, chemical-free and sustainably produced. The Directa Plus production process is designed to meet large supply chains' requirements for volume, cost and quality control.
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The total financed program is for €1.15mln, of which €0.6mln is non-refundable
The money will accelerate its strategic programme, said the graphene technology specialist
The company has an EU patent for its G+ graphene nanoplatelets production process
The paper, which appeared in the journal iScience, said the company's G+ nanomaterials and those from graphene oxide provide a “critical opportunity to significantly increase face mask efficacy”
The maker of graphene nanoplatelets-based products also said it is continuing to explore new markets and is in negotiations with additional potential partners
The company said NexTech has formed a new Italian subsidiary to evaluate the feasibility of producing cathode active materials in Italy using Directa Plus’s G+ graphene nanoplatelets
The graphene products maker also said it had made a strong start to 2021, with revenues in the first four months up 49% year-on-year
Graphene has been dubbed a “miracle” material, being around 200-times stronger than steel, transparent and able efficiently to conduct heat and electricity
The patent covers the company's unique water-based exfoliation technology for converting super-expanded graphite to pristine graphene nanoplatelets
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Chief executive, Giulio Cesareo, explained: "This is a very positive development for Directa's textile printing technology. With the ability to jet digitally graphene inks the range of textile products we can produce is hugely increased."
The human patch test on volunteers did not show skin erythema and oedema reactions
"We are very pleased to welcome Giorgio to Directa. He is a highly competent and driven young man," said Giulio Cesareo, the chief executive of Directa Plus
The graphene specialist said the EU-wide patent will create the basis for developing a new generation of high-performance golf balls aimed at both the professional and recreational markets
Trading so far in 2021 has been strong with the company also raising revenue guidance for fiscal 2020
"Our suite of successful in vitro tests proves to customers in the textile industry that they can safely adopt our products to create exciting new garments enhanced by our graphene products”
The firm will supply graphene nanoplatelets and begin R&D work with NexTech
PET foam samples treated with G+ resist up to seven times the time required for flame penetration
The grant will be used to assist Directa's research into using graphene technology to help prevent the spread of coronavirus
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