StockMarketWire.com - Advanced materials engineering group Versarien said it had signed a non-binding agreement with a large state-owned Chinese aerospace company.

The partner, which Versarien didn't name, was mainly engaged in the research, design, manufacture and operation of various aerospace systems.

The pair had signed a memorandum of understanding to explore collaboration opportunities and ultimately considering entering into strategic cooperation.

A cooperation arrangement would cover research, development and manufacturing in order to accelerate the industrialisation and market for graphene and other Versarien 2D materials in the Chinese aerospace sector.

'The aerospace sector is at the forefront of developing advanced materials to cope with demands for attributes such as lightness, high strength, conductivity, temperature resistance and corrosion resistance,' chief executive Neill Ricketts said.

'We believe that the incorporation of Versarien's graphene and other 2D materials can provide significant benefits and we look forward to collaborating with the Partner to develop new and innovative products.'




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