Versarien to Develop Graphene Heaters with Tunghsu Optoelectronic

Home / News / Versarien to Develop Graphene Heaters with Tunghsu Optoelectronic

Versarien (LSE:VRS) announced on Thursday (March 14) that it has signed a letter of intent (LOI) with Tunghsu Optoelectronic to develop and manufacture graphene heaters in China.

The company engaged in advanced engineering materials said that the new generation graphene heaters would be based on Cambridge Graphene’s micro-flow graphene ink technology.

Cambridge Graphene, a subsidiary of Versarien is involved in the supply of inks based on graphene and related materials. The firm uses scalable production processes for its graphene ink, which is developed at the Cambridge Graphene Centre at the University of Cambridge.

The LOI between Versarien and Tunghsu Optoelectronic, a company engaged in the supply of optoelectronic display materials, seeks to build on the relationship by jointly developing other products like graphene enhanced sports equipment and smart wearable devices.

The two companies had initially entered into a memorandum of understanding in November 2018 which focused on graphene industrialization.

In Thursday’s release, the companies said they will establish a joint implementation committee to progress the plans of the LOI, which consists of three members from each party. The committee would also look at the option of entering into a manufacturing joint venture which, however, wasn’t said to be guaranteed.

Neill Ricketts, CEO of Versarien, said in the release that the company is pleased with the advancement of its relationship with Tunghsu Optoelectronic.

“We have been working closely with Tunghsu Optoelectronic since November last year and we look forward to progressing our research and development activities with them with a view to ultimately establishing a joint manufacturing capability in China.

“We are also making good progress with our other collaborations in China and elsewhere. I look forward to providing further updates in due course,” Ricketts said.

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About the National Graphene Association (NGA)

The National Graphene Association is the main organization and body in the U.S. advocating and promoting the commercialization of graphene. NGA is focused on addressing critical issues such as policy and standards development that will result in effective integration of graphene and graphene based materials globally. NGA brings together current and future graphene stakeholders — entrepreneurs, companies, researchers, developers and suppliers, investors, venture capitalists and government agencies — to drive innovation, and to promote and facilitate the commercialization of graphene products and technologies.

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