Skip navigation

Gloucestershire Business News

Firm’s value jumps after it reveals Japanese car maker deal

One of Gloucestershire's highest profile engineering firm's saw a near seven per cent rise in its share price after it revealed an exciting new partnership.

The business has not named the Japanese firm it has secured orders with, but has disclosed the company operates in the automotive industry and trades in 40 countries.

Versarien, experts in all things graphene - best described as a super material with potential in seemingly endless sectors - said the deal had come through its North American division.

Shares in the Cheltenham-based Aim-listed firm were trading 6.8 per cent higher (at 106.75 pence each) following the disclosure.

"We are very pleased to have secured this order, our first from a Japanese headquartered company," said Neill Ricketts (picture right), Versarien's founder and chief executive

"We look forward to working with this customer to help them maximise the benefits the addition of our graphene can bring to a number of their products."

According to Versarien, its newest client has placed development orders for one kilogramme of Versarien's Nanene and graphene nano platelets.

According to reports the Japanese business is involved in 'leading-edge automotive materials and process development" and "the development of next-generation information and communications technology for vehicles".

Read more: Okay, but what will graphene ever do for us? 

Related Articles

Versarien's revenues halve and losses rise Image

Versarien's revenues halve and losses rise

Forest of Dean-based advanced engineering group Versarien saw its revenues halve last year.

Fashion retailers make environmental pledge Image

Fashion retailers make environmental pledge

Three fashion retailers have signed an agreement on accurate ‘green’ information.

Love letters: words from Kray to Tyson up for sale Image

Love letters: words from Kray to Tyson up for sale

Rare memorabilia heads up Aprll auction.

Bridge work sparks disruption to tall boats Image

Bridge work sparks disruption to tall boats

Tall boats won't be able to come in or out of Gloucester Docks over Easter due to bridge repairs.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.