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Tunghsu Optoelectronic - Video

lse:vrs

#1

This company is BIG! Watch the video :clap::clap:


#2

Very impressive


#3

This has now moved to a LOI on todays’ rns

LOI with Tunghsu Optoelectronic
from Regulatory News | 14th March 2019 07:00
RNS Number : 8067S
Versarien PLC
14 March 2019

14 March 2019

Versarien plc

(“Versarien” or the “Company”)

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has signed a Letter of Intent (“LOI”) with Tunghsu Optoelectronic Technology Ltd. (“Tunghsu Optoelectronic”) to further progress the relationship between the parties. This LOI follows the Memorandum of Understanding Versarien entered into with Tunghsu Optoelectronic as announced on 7 November 2018.

Versarien and Tunghsu Optoelectronic will establish a joint implementation committee, composed of three members from each party, to progress the plans envisaged by the LOI, with a view to ultimately entering into manufacturing joint venture, although there can be no guarantee that this outcome will ultimately be achieved.

The LOI details the parties desire to work together to develop and manufacture in China new generation graphene heaters based on the micro-flow graphene ink technology from Versarien’s subsidiary Cambridge Graphene Limited. The LOI additionally details the party’s intention to jointly develop other products utilising a variety of Versarien’s 2d materials, including graphene-enhanced sports equipment and smart wearable devices.

"We have been working closely with Tunghsu Optoelectronic since November last year and we look forward to progressing our research and development activities with them with a view to ultimately establishing a joint manufacturing capability in China.

"Tunghsu Optoelectronic is a leading global enterprise and we are delighted that they have recognised the quality of our graphene and wish to deepen their relationship with Versarien.

“We are also making good progress with our other collaborations in China and elsewhere. I look forward to providing further updates in due course.”


#4

Even with a note of caution a positive step forward towards the goal!

“…with a view to ultimately entering into manufacturing joint venture, although there can be no guarantee that this outcome will ultimately be achieved.”


#5

In the overall scheme of things this is a very significant development given the very short time between the MOU and the LOI. It shows that the Chinese are very keen to get on with mass production and early market dominance before the Yanks get in on the act. It will also help concentrate minds in the USA and I think we can expect some news from across the pond in the not too distant future.

Tot


#6

I know where my FRR money would go if the dream comes true…


#7

Friday podcast: