Hypetex has been awarded a £100,000 grant to conduct research into the development of advanced composites.
The £117,000 prize fund, which forms part of the government-backed Innovate UK award, will see the company work in partnership with the National Composites Centre to develop the use of composites in extreme conditions.
The prize is part of the UK government’s plan to support pioneering new businesses, and draws upon Hypetex’s previous research and development of coloured carbon fibre composites.
The light and strong attributes of carbon fibre means it has the potential to be used in many industries, however its durability is currently limited in external environments. The new research project will examine how to maintain the appearance and structure of the material in extreme situations, such as extreme weather scenarios.
Marc Cohen, CEO of Hypetex, said of the award win: “We are delighted to accept the Innovate UK prize and we are looking forward to working with the National Composites Centre on this ground-breaking new project that we hope will expand the use of carbon fibre composites and the industry as a result.”
The award marks the second Innovate UK prize that Hypetex has been awarded. In September 2015, it was awarded a grant to fund research into the development of a white carbon fibre composite.
