Versarien secures order from customer in US oil and gas sector

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Advanced materials company Versarien said it had secured its first graphene order from a US based company, operating in the oil and gas exploration sector.

The order was for 12 kilograms of Versarien's high purity graphene nano platelets and came after successful laboratory testing and industrial trials by the customer.

The enhanced material would be use in down-hole drilling components for their initial scale up process.

If the scale up was successful, additional significantly larger orders were anticipated.

At 8:18am: (LON:VRS) Versarien PLC share price was +9p at 104p