Business
Contract with Alfredo Grassi to supply G+ graphene
Contract with Alfredo Grassi to supply G+ graphene.
About this update from Directa Plus Plc
[{"type":"text","content":"\n \nRNS Number : 0321S Directa Plus PLC 28 September 2017 \n\n28 September 2017\n \nDirecta Plus plc\n(\"Directa Plus\" or the \"Company\")\n \nNew contract with Alfredo Grassi to supply G+ graphene for high performance workwear\n \nDirecta Plus plc (AIM: DCTA), a producer and supplier of graphene-based products for use in consumer and industrial markets, is pleased to announce that it has signed its first contract to supply high performance technical textiles with Graphene Plus (G+) to Alfredo Grassi S.p.A., a leading manufacturer of customised protective clothing, workwear and uniforms for private and public organisations globally. \n \nThis follows the Company signing a Joint Development Agreement (\"JDA\") with Alfredo Grassi to assess the potential benefits that can be delivered by incorporating Directa Plus' graphene into their extensive range of workwear products. Under this JDA, the Company has been working closely with Alfredo Grassi to produce an initial range of workwear clothing that Alfredo Grassi presented to tender for a contract with a national company.\n \nAlfredo Grassi was successful with this tender and has been awarded a contract by an Italian state-owned company to provide workwear containing Directa Plus' G+ graphene for all of its employees. Accordingly, Alfredo Grassi has signed a supply contract for G+ graphene with Directa Plus that is expected to generate revenues for Directa Plus of approximately €0.6m over the next 18 months, of which €0.2m has been placed (the \"Contract\"). \n \n\"Over the past six months we have focused on a fewer number of selected customers where there is the prospect of significant future revenue,\" said Giulio Cesareo, Chief Executive Officer of Directa Plus. \"We are proud to be collaborating with Alfredo Grassi who have a successful track record of producing clothing that leverages their established heritage combined with the technological advances of their partners. The workwear market represents a major opportunity for G+ and we are pleased to have secured our first order with Alfredo Grassi, who are a significant supplier of workwear to public and private enterprises globally. Our partnership is deepening and we look forward to working together to develop and market new product lines, based on our shared commitment to quality, innovat...