Versarien has introduced that it has agreed to accumulate sure graphene manufacturing associated property and mental property from South Korea based mostly Hanwha Aerospace, for (the equal to) £4.34 million (round USD$5.8 million).
As well as, the Firm has entered right into a subscription settlement with Lanstead Capital Buyers LP to subscribe for elevating gross proceeds of £3.50 million (round USD$4.7 million), the proceeds of which might be used for a further sharing settlement with Lanstead.
The Acquisition from Hanwha Aerospace contains a portfolio of over 100 patents and patent rights, many initially developed by Samsung in South Korea, overlaying CVD graphene manufacturing strategies and associated functions, along with manufacturing gear appropriate for producing top quality massive format electronics grade graphene.
Neill Ricketts, Chief Govt Officer of Versarien, commented: “We’re delighted to have agreed the Acquisition which enhances our present portfolio of graphene supplies know-how. Specifically, it would present us with entry to patented know-how and gear to provide top quality single and twin layer graphene that has specific functions within the electronics sector, along with different areas, together with in relation to a few of our present collaborations. The Acquisition may also assist facilitate our deliberate future Asian growth. We’re happy that we’ve acquired further help from Lanstead to supply the funding and extra working capital required for our worldwide enlargement technique.”