Versarien's graphene refocus seems to bear fruit with narrowed losses
Versarien’s strategic realignment to core graphene technology reportedly resulted in narrowed losses and an improved cash position in the six months up to 31 March.
Operational highlights in the period included agreement with MCK Tech in Korea for the exclusive license of five CVD patents. Versarien also sold its South Korean plant and equipment to MCK Tech for £604,000. The Company secured a know-how and manufacturing license agreement with Montana Quimica LTDA, a Brazilian multinational focused on paints and wood finishing products. Additionally, Versarien entered into a mutual letter of commitment to support Building for Humanity in providing 3D concrete printed materials for social housing in Accrington.
Source: http://www.graphene-info.com/versariens-graphene-refocus-seems-bear-fruit-narrowed-losses
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