StockMarketWire.com - Directa Plus looks forward with growing confidence having started the year with a much-improved order book.

Directa Plus - a leading producer and supplier of graphene-based products for use in consumer and industrial markets - said it performed well during the second half of 2017 with revenues more than doubling over those achieved for the first half.

It said the board anticipated reporting full year 2017 revenue of approximately €0.9m.

And it said the financial position of the company remained robust with year-end cash and cash equivalents expected to be approximately €7m (30 June 2017: €8.2m). Directa Plus said it made excellent commercial progress during 2017 that had reinforced the company's leading position in the graphene market.

Chief executive Giulio Cesareo said: 'We continue to operate at the forefront of the rapidly developing graphene market that has seen Directa Plus consolidate its position as one of the leading companies in the textile and environmental segments.

'Our unique and proven technology, combined with commercial effectiveness and our ability to produce graphene-based products at high tonnage, continues to place us at a significant advantage over emerging competitors, many of whom have yet to scale their operations.

'This year has been characterised by the development and introduction of ground-breaking new products and marked performance enhancements to existing materials when combined with our G+ graphene.

'As a result, our commercial engagement with customers has grown and deepened significantly, and we expect to announce further material orders, additional collaborations and partnerships over the coming year.

'We have entered 2018 with a much-improved order book compared with last year and, accordingly, the Board looks forward to 2018 with growing confidence.'





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