Directa Plus Plc (LON:DCTA) is to develop a range of graphene-enhanced luxury accessories as part an exclusive contract with an existing customer.
Giulio Cesareo, Directa’s chief executive, said the contract highlighted the traction now being seen both by graphene and its G+ product.
The accessories being developed will set new industry standards, he added.
WATCH: Directa Plus signs exclusive graphene-enhanced luxury accessories contract
The value of the exclusivity and the development agreement amounts to approximately €130,000 and is expected to lead to a commercial contract.
Directa Plus won the business following a previous project that demonstrated how graphene can enhance the mechanical properties of the accessories.
Work has started on the accessories at Directa’s Advanced Development Area facility, which it said has the added benefit of reducing the time it will take to bring the product to market.