BRISBANE, Australia--(BUSINESS WIRE)--Advanced technology investor PPK Group Limited (ASX: PPK) is pleased to announce its portfolio company BNNT Technology Pty Ltd (www.bnnt.com.au) has signed its first defence sector collaboration agreement with survivability systems specialist TenCate Advanced Armor (www.tencateadvancedarmor.com).
Entry into this agreement follows two years of continuous improvements by the BNNT team which has led to significant progress in automation and process efficiency, resulting in a material reduction in the underlying cost of BNNT to enable wider industry market adoption.
Under the terms of the agreement, TenCate will purchase 250 grams of Boron Nitride Nanotubes (BNNT) for infusion and testing into an agreed set of TenCate's products during 2023 to test and validate improvements in protection performance. TenCate will also be able to distribute BNNT to other global defence customers and raw material suppliers.
PPK Chairman Robin Levison said the agreement was an important step towards the full commercialisation of BNNT in the defence industry vertical.
“We look forward to working with TenCate to develop independent validation of the unique properties of BNNT as well as a range of commercial defence applications,” he said. “Collaborating with global organisations like TenCate provides a clear path to product validation and large-scale commercialisation of BNNTs.”
TenCate Advanced Armor is a global provider of lightweight, mission-critical survivability and protection solutions. Its portfolio of bespoke, highly-engineered composite products covers personal protection, platform protection (vehicles and vessels), and military and civil aircraft protection.
BNNTs are considered the world's strongest and most advanced fibre. They are extremely flexible, excellent thermal conductors, optically and infrared transparent, chemically stable, able to withstand extreme temperatures, have neutron shielding capability and are electrical insulators. They are stronger than any metal or carbon fibre and have a range of commercial applications.
TenCate CEO Steen Tanderup said: “TenCate as a company is heavily focused on product innovation and excellence. We believe BNNT technology has the potential to give us a significant strategic advantage in protection performance, both for our own products and with our raw material suppliers as a distributor of BNNT".
BNNT Technology Pty Ltd Chairman Glenn Molloy said: “The Board has designated this partnership as a key priority, and we will have a significant focus on the delivery of BNNT product into this large global market with TenCate."