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Versarien to work with Airbus supplier to make components

CT specialises in carbon fibre technology and will use Versarien’s expertise in graphene to formulate the new range.

Picture of Airbus jet
CT is a tier one supplier to Airbus

Versarien plc (LON:VRS)  has teamed up with Airbus supplier CT Engineering to develop a new range of aerospace components using ‘wonder’ substance graphene.

A Tier One supplier to the commercial airliner maker, CT specialises in carbon fibre technology and will use Versarien’s expertise in graphene to formulate the new range.

Paul Chinnock, CT’s general manager of engineering, said working Versarien would allow it to develop a range of disruptive products with market leading material properties and performance levels.

Neill Ricketts, Versarien’s chief executive, added that aerospace was a new sector for the company and he was excited to be working with a global business such as CT Engineering.

“This is yet another illustration of the very real commercial traction being generated by Versarien's graphene technology," he said.

Versarien owns the exclusive rights to an additive process that uses graphene to create advanced micro-porous metals.

Graphene is a very flexible material just one atom thick that is also a very efficient conductor of heat and electricity and is being increasingly used to enhance the performance of a range of metals and composites.

Ricketts said there was a big drive among aerospace companies to produce lightweight carbon composites that are robust enough to be used on aircraft.

CT Engineering is used by all of the major plane companies as an engineering consultant, he added, and, like Versarien, is learning how to use these new materials.

“This science didn’t exist five years ago,” said Ricketts.

Shares rose 5% to 13.4p.

-adds share price, detail-- 

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Price: 92.5 GBX

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Market Cap: £142.39 m
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