Directa Plus PLC (LON:DCTA) shares jumped on Wednesday after the Milan-based group said it has been appointed as the newest member of the US National Graphene Association’s Industry Council.
The NGA’s Industry Council brings together a select group of companies which work alongside one another to develop the global graphene market and advance the commercialisation of the ‘wonder material’.
READ: The billionaire who has just taken a stake in Directa Plus
AIM-quoted Directa Plus partners with big names such as Oakley and Indian textile giant Arvind to create new products featuring graphene. It has used its technology to make everything from t-shirts to tyres to jeans.
“The strategic decision to appoint Directa Plus to the Industry Council was based on the prominence of Directa Plus as one of the largest producers and suppliers of graphene-based products in consumer and industrial markets worldwide,” said NGA executive director Zina Jarrahi Cinker.
“We are very proud of this invitation,” said chief executive Giulio Cesareo.
“We are wholly supportive of the NGA's mission to promote the commercialisation of graphene in the US as well its focus on addressing critical issues such as policy and standards development and its drive to put together current and future stakeholders. This strategy will be fundamental for the entire graphene industry worldwide."
In early afternoon trading, Directa Plus shares were 9.7% higher at 68p.
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