Versarien advances joint venture opportunities in China

Advanced materials producer Versarien said it had made further progress advancing joint venture manufacturing agreements with potential partners in China.

The company said it had also signed an additional memorandum of understanding with another of China's Fortune 500 building materials companies.

'Since entering into these relationships in the later part of last year the rate of progress has been impressive and we are now at the stage where we have defined work programmes with a number of the partners,' chief executive Neill Ricketts said.

'We are confident that we can make rapid progress this year with the commercialisation of graphene enhanced products both in China and globally with our partners.'

At 8:23am: (LON:VRS) Versarien PLC share price was -2p at 129p