Italy-based firm Directa Plus PLC (LON:DCTA) floated on AIM in 2016
Company is incorporating graphene into textiles, pollution treatments, road surfaces and tyres
Graphene has been dubbed a “miracle” material, being around 200-times stronger than steel, transparent and able efficiently to conduct heat and electricity
Billionaire Patrick Soon-Shiong took a 19% stake in February
Placing and open offer brings in £3.45mln in January
Revenues forecast to climb to €2.3mln
What it does
Directa Plus has signed deals with consumer brands Oakley and Bioracer, which used the company’s Graphene Plus (G+) to launch a cycling jersey in early July.
Alfredo Grassi, another customer, is one of Italy’s largest workwear suppliers while G+ will also be used to treat a range of jeans made by Arvind, one of India’s top textile groups.
Transport, oil and gas
Directa is working with Marangoni – one of Italy’s leading re-tread companies – to produce better performing tyres for commercial buses and lorries.
The company believes the G+ compound will increase grip, durability and fuel efficiency as well as extend the life of a tyre.
In the oil and gas sector, the firm has joined forces with Italian firm Sartec to develop a commercial-scale industrial system using its graphene-based Grafysorber product for treating oil-contaminated produced water.
The agreement follows initial joint research over the last eight months during which extensive tests on the Grafysorber product were successfully carried out.
Since the agreement, the first phase of industrial field testing of Grafysorber has been completed.
The test was to remove petroleum hydrocarbons from the water produced as a by-product from oil and gas wells so that it can be reused.
Romanian group OMV Petrom said the quality of water improved using Grafysorber.
Vittoria was the first manufacturer to use Directa’s products, firstly in a carbon fibre wheel, and then in “intelligent” bicycle tyres.
These stay very hard when rolling, but soft when braking, and were used at the Rio Olympics, where cyclists won four medals using them.
Directa has just published trial results from the world’s first road to be resurfaced with a supermodifier containing graphene.
Ecopave, which is based on Directa’s Graphene Plus graphene product, has been laid on a section of Rome’s Strada Provinciale Ardeatina.
Directa has developed Ecopave with Iterchimica, an Italian-based maker of products that enhance asphalt performance.
In April, the partners confirmed the trial would be extended after a substantial improvement in road surface wear and tear.
What the boss says: Giulio Cesareo, CEO
"This trial has proven that the G+ upgraded asphalt super-modifier is suitable for high-traffic roads, highways, airports, and ports.
“The product perfectly matches Directa Plus's and Iterchimica's vision by offering an innovative, environmentally friendly and sustainable solution to the challenge of reducing the carbon footprint of road surfacing and resurfacing,"
Full year results confirm sales picking up
Revenues from raft of commercial deals starts to come through
More deals signed
Graphene establishes itself as a key component in many industries
Graysorber and Ecopave and G+ all used widely