ALUULA lands $260K grant to build recyclable defence materials
What's the deal? Canadian composite materials maker ALUULA CompositesDealroom has a profile for this one. Try Dealroom → (TSXV: AUUA) has secured a US$267.7K (roughly $260,000) grant from Spanish naval technology firm IBERCISA Deck MachineryDealroom has a profile for this one. Try Dealroom →. The money funds half of a US$535.3K research project into high-performance composites for maritime defence and coast guard uses.
Why now? The funding flows from Canada's Industrial and Technological Benefits Policy, which requires firms winning defence or coast guard contracts to spend an equal value on Canadian business activity. Seaspan ShipyardsDealroom has a profile for this one. Try Dealroom → won a contract to build six new coast guard vessels; IBERCISADealroom has a profile for this one. Try Dealroom →, its Spanish partner, is meeting that obligation by backing ALUULADealroom has a profile for this one. Try Dealroom →.
What's the endgame? ALUULA will match the funding and run the R&D with the University of British Columbia's Composites Research NetworkDealroom has a profile for this one. Try Dealroom →. The work targets defence shelter and cover applications on land and at sea, including ultra-light, recyclable portable shelters for extreme cold.
The Victoria-based firm says its patented materials are eight times stronger than steel for equivalent weight, recyclable, and built to withstand saltwater, ultraviolet exposure, and extreme cold.
"Funding like this will help accelerate our ability to bring leading-edge, recyclable composite solutions for maritime defence, while strengthening Canadian talent, R&D, and manufacturing capacity," said chief executive officer Sage Berryman.
The signal: The grant sits in the smaller tier of recent rounds, but it points ALUULA — better known for outdoor gear — deeper into commercial and defence markets, where recyclable, high-strength materials are drawing steady interest.
Read more: finanznachrichten.de
Image credit: Aluula
