Versarien, through its subsidiary Cambridge Graphene, has signed a wide-ranging agreement with Arrow Greentech, an India-based holding company and a leading global manufacturer of cast water-soluble film. In addition, Versarien launched a new brand to market its graphene inks under the name Graphinks.

Versarien and Arrow Greentech have entered into an exclusive commercial arrangement for the supply of propriety Graphinks (graphene inks) to Arrow Greentech for onward supply to the water-soluble film market worldwide; to collaborate on exploring the potential benefits of using graphene within security threads for banknotes and passports on a named-exclusive basis.

Arrow Greentech will act as the company's exclusive agent, subject to separate sales agency agreement, of graphene to the tyre and associated rubber sectors in India; and 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.

Neill Ricketts, chief executive of Versarien, said: "We are delighted to have entered into this Agreement with Arrow GreenTech, providing both a strong channel for our Graphinks into the fast growing water soluble film market and, more widely, a strong partner for Versarien in India."