Versarien Moves Forward With Planned Jinan Manufacturing Center

Versarien plc announced that, further to the announcement made on Jan. 15, 2018, it has entered into a Memorandum of Understanding (MOU) with Jinan High-tech Financial Investment Co., Ltd (JHFI) in connection with the company’s ongoing plans to establish a manufacturing center in the Jinan Innovation Zone, Shandong Province, China.
 
The MOU covers the plans for Versarien and JHFI, together with other parties in China as may be agreed, to establish a joint venture for the manufacture and sale of the company’s Nanene, Graphinks and other related graphene products in Jinan. Subject to the satisfactory completion of negotiations it is envisaged that JHFI will provide funding for the venture.
 
The MOU, signed by Li Hao, chairman of JHFI, included the following statement: “JHFI specially organized experts to hold a demonstration meeting with regard to graphene project. Experts at the demonstration meeting consider that the graphene technology of Versarien has certain world leading position and can be introduced in China to strengthen technical co-operation between China and the UK.”