Arrow Greentech & Versarien PLC Enters Into A Collaboration Agreement
Arrow Greentech Limited had informed that the company has signed a wide-ranging agreement with Versarien Pic through its subsidiary company Cambridge Graphene Limited, covering a variety of the graphene products and activities.
Versarien plc (AIM: VRS), whose registered office is at Unit 2, Chosen View Road, Cheltenham, Gloucestershire GL51 9LT, United Kingdom is the advanced materials engineering group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries.
In summary, the Agreement covers four main areas:
1. Versarien and Arrow Greentech have entered into an exclusive commercial arrangement for the supply of the Versarien's propriety Graphinks (graphene inks) to Arrow Greentech, for onward supply to the water-soluble film market worldwide;
2. Versarien and Arrow Greentech have a.greed to collaborate on exploring the potential benefits of using graphe~ within security threads for banknotes and passports on a named-exclusive basis;
3. Arrow Greentech will act as the Company's exclusive agent for the supply of graphene to the tyre and associated rubber sectors in India. This will be subject to the terms of a separate sales agency agreement; and
4. Versarien will grant Arrow Greentech the right of first refusal to enter into discussions regarding any future plans for the Company to create a manufacturing facility in India. Those discussions may include the creation of a joint venture company or the right to operate under a license granted from the Company.