Directa Plus PLC (AIM:DCTA, OTC:DTPKF) said it signed a non-binding Letter of Intent (LOI) with a leading worldwide supplier of automotive interiors to Tier 1 manufacturers to develop new products using its graphene plus technology.
The products will be based on the antimicrobial properties (antibacterial and antiviral), thermal comfort and electrical conductivity properties of Directa Plus’ G+ enhanced fabrics, the company told investors.
It has a 12-month term and if both parties are satisfied with results its anticipated that a supply agreement may follow.
"We have developed, with trusted like-minded partners, innovative new products exploiting the properties of our G+ graphene nanoplatelets in fabrics and materials,” said chief executive Giulio Cesareo.
“These range from workwear, sportswear and shoe applications to industrial filtration applications.
“We are delighted to announce this partnership with a respected global innovator with deep knowledge and experience to address automotive interior markets."
The company said it is already working with the partner to produce prototypes for a number of global Tier 1 auto manufacturers.