Versarien (AIM:VRS) says its subsidiary, 2-DTech Limited, has been chosen as a partner by multinational engineering firm Rolls Royce to work on an aerospace graphene programme.
The advanced materials group was chosen alongside the University of Manchester's Graphene Engineering Innovation Centre (‘GEIC’) of which 2-DTech is a Tier 1 member.
An initial programme will use chemical vapour deposition equipment at the GEIC and will look to create technology using graphene and other 2D materials for ‘next-generation’ aerospace engine systems.
The programme will aim to present ‘significant cost reductions’ and ‘global environmental benefits’ through the reduction of energy use and lower emissions from electrification.
Shares in Versarien were closed at 59.5p on Wednesday afternoon.
“We hope to address some of the challenges facing materials in the global aerospace industry, as we pioneer the electrification of future aircraft,” said Dr Al Lambourne, Materials Specialist at Rolls-Royce.
The work will focus on reducing the weight of electrical components, improving electrical performance and increasing resistance to corrosion of components in future engine systems.
"The pursuit of sustainability has become an important goal for many companies in recent years,” said Neill Ricketts, Chief Executive of Versarien.
“Taking advantage of advanced materials such as graphene, has the potential to revolutionise these markets and add real benefit,” he added.
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