Directa Plus PLC New contract with customer Alfredo Grassi
09 Mayo 2023 - 1:00AM
RNS Non-Regulatory
TIDMDCTA
Directa Plus PLC
09 May 2023
RNS Reach
9 May 2023
Directa Plus plc
("Directa Plus", the "Group" or the "Company")
Directa Plus signs new contract with existing customer Alfredo
Grassi
New contract to support the expansion of Directa Plus' Planar
Therma Circuit(R) technology in military and workwear garments,
extending partnership with Alfredo Grassi SpA
Directa Plus (AIM: DCTA), a leading producer and supplier of
graphene nanoplatelets based products for use in consumer and
industrial markets, has signed an exclusive agreement with customer
Grassi SpA ('Grassi') to expand the use of its Graphene Plus
Thermal Planar Circuit(R) (PTC(R)) technology in the workwear and
military markets. Grassi, following the allotment of a new public
contract, will supply an Italian institution with PTC(R)
technology.
Directa Plus will supply Grassi tens of thousands of linear
meters of graphene treated lining for an order of over EUR700,000,
providing a boost to the Company's estimated workwear income in
2023.
Grassi is a leading Italian workwear and outerwear manufacturer
with a strong focus on innovation and sustainability and was the
first manufacturer in the textiles vertical to integrate Directa
Plus' G+(R) technologies into its product line. Directa Plus has
been working in partnership with Grassi since 2017 to provide the
workwear industry with sustainable clothing and has already
supplied over 250,000 linear meters of graphene-treated lining to
Italian public organisations. This new contract will add to the
Company's recurring revenue stream on its Graphene Plus PTC(R)
technology and demonstrates the continuing appetite from end users
across the textile industry for garments which have no biological
or environmental impact.
The PTC(R) technology is a patented Graphene Plus functional
print that can be applied to different types of fabrics, from
natural to synthetic, with antistatic and antibacterial qualities,
ensuring a no-odour effect. The technology absorbs the heat
produced by the human body, distributes it inside the garment and
provides a thermal homogenisation, which in turn provides enhanced
thermal comfort.
The agreement will also enable the Company to further develop
its understanding of market trends and drivers affecting demand for
such products.
Commenting, Giulio Cesareo, Founder and CEO of Directa Plus,
said : "We have been working closely with Roberto Grassi and the
whole Grassi team for a number of years to highlight the benefits
of our G+(R) textile technologies and this new win is a further
demonstration that both sides see the benefits of continuing to
build on our close commercial relationship with each other to
provide the workwear and military market with sustainable
solutions. This sector continues to be of strategic importance for
the Group and we are focused on replicating this successful
business case in other segments and geographies. The win is another
important step forward in building market share and increasing
Group revenues."
For further information please visit
http://www.directa-plus.com/ or contact:
Directa Plus plc +39 02 36714458
Giulio Cesareo, CEO
Giorgio Bonfanti, CFO
Cenkos Securities plc (Nominated Adviser
and Joint Broker) +44 131 220 6939
Neil McDonald
Adam Rae
Singer Capital Markets Securities Limited
(Joint Broker) +44 20 7496 3069
Rick Thompson
Phil Davies
Alma PR (Financial PR Adviser) +44 20 3405 0205
Justine James
Hannah Campbell
Notes to Editors
Directa Plus (www.directa-plus.com) is one of the largest
producers and suppliers of graphene-based products for use in
consumer and industrial markets. The Company's graphene
manufacturing capability uses proprietary patented technology based
on a plasma super expansion process. Starting from natural
graphite, each step of Directa Plus' production process -
expansion, exfoliation and drying - creates graphene-based
materials and hybrid graphene materials ready for a variety of uses
and available in various forms such as powder, liquid and
paste.
This proprietary production process uses a physical process,
rather than a chemical process, to process graphite into pristine
graphene nanoplatelets, which enables Directa Plus to offer a
sustainable, non-toxic product, without unwanted by-products.
Directa Plus' products are made of hybrid graphene materials and
graphene nano-platelets. The products (marketed as G+(R)) have
multiple applications due to its properties. These G+(R) products
can be categorised into various families, with different products
being suitable for specific practical applications.
Directa Plus was established in 2005 and is based in Lomazzo
(Como, Italy) and has been listed on the AIM market of the London
Stock Exchange since May 2016. Directa Plus holds the Green Economy
Mark from London Stock Exchange which recognises companies that
contribute to the global green economy.
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