11 April 2016 – Evolva (SIX: EVE) announced that it has completed a Limited Purpose Cooperative Research and Development Agreement (CRADA) to support the joint development of novel advanced materials with the US Navy. The focus of the efforts supported by this CRADA relate to the development, validation and potential commercialisation of new lightweight, fire-resistant composite materials to save lives and reduce harm from fire.
Applications of these advanced materials include aircraft, waterborne craft, fabrics, armoured vehicles, and construction materials. These next-generation composite materials are based on a molecule that can be manufactured on an industrial scale using advanced biotechnology and fermentation, and then polymerised and shaped/moulded using standard fabrication techniques.
If successful, this project would create for the US Navy novel composite materials that are fire resistant, stronger and lighter than aluminium, and capable of withstanding high temperatures. These materials would also be more sustainably sourced, less expensive, and offer a number of other advantages over existing composites.
“This agreement highlights and validates the versatility of our product innovation platform and depth of our plant science expertise,” said Evolva CEO Neil Goldsmith. “This CRADA also illustrates just how far and wide Evolva is making inroads across multiple industries with its building-with-biology platform.”
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