Graphene specialist Directa Plus Plc (LON:DCTA) has extended its partnership with Arvind, one of India’s largest textiles groups.
The two have already worked together to make the world’s first graphene-enhanced denim jeans and jackets, which they launched at an event in Amsterdam last week.
READ: Directa and Arvind to make ‘smart jeans’ using graphene
This time, they have signed a deal which will see them work together to develop composite materials and water treatment services using Directa’s G+ and Grafysorber graphene products.
Not only should the partnership help to reduce the time to market for the company’s non-textile products, but Directa bosses reckon it should help to get more commercial contracts over the line.
“Signing this agreement with Arvind will help Directa Plus expand further and faster in one of the world's biggest markets,” said founder and chief executive Giulio Cesarero.
“We have enjoyed close co-operation from Arvind in recent months and we are confident that our developing common understanding will help both companies meet their commercial goals.”
He added: “The launch of the G+ range of denimwear could prove transformational for the sale of jeans in India and elsewhere, and Directa Plus is delighted to be able to participate in that trend.”
The agreement was signed as part of the India-Italy technology summit in New Delhi, which was attended by both countries' prime ministers.
Shares zipped 4.6% higher to 50.5p in mid-morning trade on Tuesday.