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Be the first with the news that moves the market- ZEN Graphene Solutions (TSXV:ZEN) is about to commence a research project, funded by the Department of National Defence
- The company will collaborate on the project with Professor Arjmand and his team at the University of British Columbia-Okanagan campus
- The DND has provided the project with C$200,000 in funding through its Innovation for Defence Excellence and Security award
- The project will attempt to develop electrically conductive graphene-polymer nanocomposites to replace metallic electromagnetic shields
- ZEN Graphene Solutions (ZEN) is up 1.54 per cent and is currently trading at 66 cents per share
ZEN Graphene Solutions (TSXV:ZEN) is about to commence a research project, funded by the Department of National Defence.
The project is for the development of electrically conductive, moulded, and 3D-printed graphene-polymer nanocomposites.
The new shields would be lightweight, resistant to corrosion, low-cost, easy to process, and have improved design options. As such, they would be replacements for the metallic electromagnetic shield which are currently in use.
The research project will focus on making the shields appropriate for protecting sensitive electronic equipment in satellites. However, they will also have applications in IT, medical science, the automotive industry, defence, and aerospace.
The DND has provided C$200,000 in funding for the project, through its Innovation for Defence Excellence and Security award. If it chooses to advance the project to Phase 2, it will provide a secondary grant of $1 million.
ZEN Graphene will collaborate on the project with Professor Arjmand and his team at the University of British Columbia-Okanagan campus.
Professor Arjmand and his Nanomaterials and Polymer Nanocomposites Laboratory have also won three other grants for the project. One of these is $320,000 from the Canada Foundation for Innovation John R Evans Leaders Fund.
The second grant is $320,000 from the British Columbia Knowledge Development Fund. The third grant is $101,224 from the NSERC Research Tools and Instruments Grant Program.
ZEN Graphene will contribute Albany Pure graphene materials and consultation with its technical team to the project.
ZEN’s CEO, Francis Dubé, said the company was happy to see the Department of National Defence investing in graphene-based technologies.
“We are also pleased that Professor Arjmand and his NPNL centre have been recognised with the additional funding.
“These equipment purchases will help drive graphene innovation in polymers for ZEN,” he said.
ZEN Graphene Solutions (ZEN) is up 1.54 per cent and trading at 66 cents per share at 11:01am EDT.
