Announcement
Verditek PLC : Partnership programme with Paragraf Ltd
RNS Number : 9941Z
Verditek PLC
21 December 2017
21 December 2017
Verditek PLC
("Verditek" or the "Company")
Partnership programme with Paragraf to develop the world's first Graphene based Solar Panel
Verditek plc (AIM:VDTK), the clean technology company, and Paragraf Ltd ("Paragraf"), the leading Cambridge based experts in graphene technology development, are delighted to announce agreement of terms for a Joint Development Programme ("JDP") targeting new solar technology. The objective is to harness the significant potential advantages of graphene to improve the output of solar power generation over state of the art cells and panels.
Paragraf's proprietary manufacturing process of large scale, high quality, graphene lends itself for development to integrate with Verditek solar technology. The program will investigate, develop and verify the application of graphene to solar devices, imparting the advanced electrical and mechanical properties of graphene to solar cells to realise a new generation of highly robust, ultra-light weight panels that will potentially revolutionise the photovoltaic market.
Paragraf's new approach to two-dimensional materials, in particular graphene, developed at the University of Cambridge, enables for the first-time highly reproducible, large scale production of these potentially game changing materials. With the capabilities to functionalise properties for the end application and readily combine with industry standard device materials, and current processing line tools, the possibilities for two-dimensional materials to significantly improve todays technologies is being enabled.
Verditek has today also secured terms for the delivery of the final piece of machinery to be shipped to Greenflex's new facility in San Marino, Italy, which is currently in the process of securing TUV certification. The lightweight flexible solar panels, which will be manufactured at the facility, can transform residential and commercial buildings through the embracing of solar energy. The Verditek solar module is expected to excel where function and design are equally appreciated.
Dr Geoff Nesbitt, Verditek's Non-Executive Chairman, commented: "This is an exciting development for both our organisations. The opportunity to apply the breakthrough graphene production technique developed by Paragraf to the Verditek solar cells moves us both to the cutting edge of the solar industry."
Dr Simon Thomas, CEO of Paragraf, commented: "The potential of two-dimensional materials, such as graphene, to significantly improve the performance of todays technologies is well understood. However, to achieve real improvements in combination with commercial viability requires well founded, proven technology and cutting-edge R&D. The synergy of Verditek market disrupting solar cell design with Paragraf's revolutionary materials has the potential to dramatically advance todays solar energy generation capabilities, providing a potentially market defining opportunity for the partnership."
Enquiries:
Verditek plc
Geoffrey Nesbitt (Non-Executive Chairman) +44 (0) 20 7129 1110
Theodore Chapman (Chief Executive Officer) [email protected]
Stockdale Securities Limited (NOMAD and Broker)
Antonio Bossi +44 (0) 20 7601 6100
Hanan Lee
Yellow Jersey PR (PR & IR)
Georgia Colkin +44 (0) 7825 916 715
Harriet Jackson +44 (0) 7544 275 882
Henry Wilkinson +44 (0) 7951 402 336
About Verditek plc
AIM listed Verditek plc is a holding company with three businesses operating within the clean technology sector. The Company has a unique liquid gas absorption technology expected to revolutionize the global CO2 capture industry; two solar manufacturing production lines in San Marino each of 25MWp (total 50MWp) producing what is believed to be an innovative and un-paralleled solar PV building material; and a pioneering filtration deodorization technology, which is commercially proven and tackles a wide range of odours within air and water at a high efficiency.
For more information please visit or contact the following: https://www.verditek.plc.uk/
About Paragraf ltd.
Paragraf is a spin out from the high-profile Centre for Gallium Nitride group of Professor Sir Colin Humphreys, in the department of Materials Science at the University of Cambridge. The novel IP and know-how developed by Paragraf is starting to deliver the extraordinary capabilities of two-dimensional materials, improving current technologies and enabling long speculated, potentially life changing applications. Through Paragraf's breakthrough, high impact applications, capable of improving the quality of life globally, are being brought within reach, for example delivery of significantly improved efficiency green power generation, such as solar energy harvesting.
For more information please contact: [email protected], or visit paragraf.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCURABRBNAUUAA
;