Versarien secures £1/4m from stock market raise
Versarien, the Forest of Dean based advanced engineering materials group listed on the London Stock Exchange, has raised more than £246,000 for "general corporate purposes".
In December the Gloucestershire firm announced that its 90 per cent owned subsidiary Gnanomat had been awarded a grant of around €804,000 (approximately £663,000) to finance a project relating to next generation energy storage devices based on Gnanomat's advanced materials technology.
At th time, Versarien CEO Dr Stephen Hodge, said: "Grant income is key to derisking R&D and unlocking the potential in Versarien's technologies.
Also last month, the business launched a new biosensor chip using novel graphene barristor sensor platform technology.
These graphene barristor devices, developed in South Korea, will use chemical vapour deposition grown graphene, produced under a Versarien licence.
Versarien has signed a distribution agreement with ABC to distribute the products in the UK and Europe.
The range of sensor products to be distributed by Versarien may be expanded at a later date based on ABC's product developments.
