Versarien Plc (LON:VRS) the advanced materials group, CEO Neill Ricketts talks to DirectorsTalk about its agreement with Lansdowne Chemicals. Neill explains the background to the deal, its significance, how they will leverage Lansdowne’s strong distribution channel and additional plans for Nanene over the coming months.
Neill is a graduate engineer with over 20 years of senior level experience in manufacturing and engineering companies, including several directorships of AIM-quoted companies. Neill has demonstrated success in introducing and commercialising new technology, including new materials and coatings for diverse sectors from aerospace to Formula One, including significant work in the oil and gas sector. Neill has successfully led several successful turnarounds and was a board-level director at Elektron Technology plc, a group which included Total Carbide, which at that time sat within the Elektron Ventures division.
Lansdowne Chemicals, a member of the Overlack Group, is a chemical distribution, manufacturing and marketing company with two UK sites and operations in Europe, Asia and the USA. The agreement, which will be for an initial six months and thereafter terminable on three months notice, will help accelerate VRS’s route to market for Nanene by enabling Lansdowne Chemicals to target customers which VRS currently has no relationship with.
Versarien plc, is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. It currently has five subsidiaries operating under two divisions.