An advanced engineering materials group, Versarien plc, which uses technology developed by the University of Liverpool has announced its intention to float on the Alternative investment Market (AIM).
Versarien Technologies was founded in 2010 to commercialise a process for the production of cutting edge porous metallic materials which was developed by Dr Yuyuan Zhao from the University’s School of Engineering.
Versarien Technologies is focused on the design, manufacture and commercialisation of its heat transfer material, VersarienCu which is used in cooling systems in servers, workstations and power conditioning equipment. It has unusually good heat transfer properties which makes its products between three and 10 times more effective than traditional cooling systems.
The firm is based at Liverpool Science Park and has manufacturing facilities in Gloucestershire.
Versarien wants to raise up to £3m and also plans to acquire advanced materials company Total Carbide for £2.3m to accelerate its growth.