Directa Plus strikes 'landmark agreement' with Italian innovator

20th Dec 2023 10:01

(Sharecast News) - Graphene nanoplatelets producer Directa Plus has struck a "landmark agreement" to acquire "groundbreaking technology" for G+ graphene compounds.

Directa Plus said on Wednesday that it has signed an agreement with an "Italian innovator" to acquire the proprietary know-how for a system capable of preparing tailored graphene compounds for application initially in batteries and polymers.

The AIM-listed group said the acquisition marked "a strategic leap" for the firm's positioning in the value chain, enabling the provision of G+ technology and additional compounds in a "single, easily usable format" for its customers.

Financial terms of the deal were not disclosed.

Chief executive Giulio Cesareo said: "Batteries and polymers are two important future markets for Directa Plus and whilst we continue to focus on our core markets of environmental remediation and textiles, it is important to maintain development of these new G+ graphene compounds.

"The acquired technology accelerates our route to market by combining our proven G+ technology with a complementary system to produce market-ready low-cost solutions for batteries and polymers."

As of 1200 GMT, Directa Plus shares were up 2.92% at 25.73p.

Reporting by Iain Gilbert at Sharecast.com