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Versarien updates on US activities

Thursday, 21st March 2019
Advanced materials engineering group Versarien provided an update on the firm's activities in the US.

Versarien recently established a new US corporate entity, Versarien Graphene, to facilitate the company's graphene and other 2D materials activities in the US.

The company is additionally in the process of establishing a new office, laboratory facility and applications centre in Houston, Texas that will act as a hub for its activities in North America. Patrick Abbott has been appointed as Versarien's vice-president of North American operations to oversee these activities and he will be based at the company's Houston facility once established. Patrick is an experienced speciality materials professional with over 20 years' experience in the sector.

He is a former US Marine Corps Officer who spent over 16 years in a variety of global business development and marketing roles at BASF. In 2015 and 2016, Patrick was part of the team transitioning specific product lines to Huntsman.

Subsequently he established Global Marketing Empire Solutions, a disruptive technology consulting company and joined XG Sciences, a company focussed on graphene nano technology, as their global sales manager.

At XG Sciences he was tasked with assisting the executive team in transitioning the company from an academic company to full commercialisation. The establishment of this US presence follows on from work that Versarien has been undertaking with the US National Graphene Association and various collaboration partners in the region.

Further North American potential collaboration partners and customers have been identified, both through inbound enquiries and proactive approaches, and it is intended that the Houston facility and additional resource will enable these to be more efficiently progressed.

At 9:19am: (LON:VRS) Versarien PLC share price was +1p at 97p

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