Versarien has announced that it has signed an agreement with Tunghsu Optoelectronic Technology to further progress their relationship. The agreement supports the memorandum of understanding signed in November last year. The parties intend to establish a joint implementation committee, composed of three members from each firm, with a view to ultimately entering into a manufacturing joint venture. However, Versarien said there can be no guarantee this outcome will ultimately be achieved.

The materials engineering company plans to work with Tunghsu to develop and manufacture in China new generation graphene heaters. These heaters are expected to be based on the micro-flow graphene ink technology from Versarien's subsidiary Cambridge Graphene.

"We are very pleased our relationship with Tunghsu Optoelectronic has moved to the next stage," said Versarien Chief Executive Neill Ricketts.

"We have been working closely with Tunghsu Optoelectronic since November last year and we look forward to progressing our research and development activities with them with a view to ultimately establishing a joint manufacturing capability in China," added Ricketts.