ALUULA Composites Announces Landmark Sailing Brand Partner

May 18, 2023 | Financial News

VICTORIA, British Columbia, May 18, 2023 /CNW: ALUULA Composites Inc. (the “Company” or “ALUULA”) (TSXV: AUUA) is pleased to announce the addition of a new brand partner, Incidence Sails of France, to introduce a new generation of ultra-light, strong, and recycle-ready composite material for use in sail making.

After two years of thorough testing both on and off the water, Incidence Sails is the first to commercialize ALUULA Durlyte™, primarily for critical sail reinforcements such as batten pockets, bolt ropes and high wear points such as stanchions and spreaders, but additional applications include deck sweepers and sail bags. With 10x the abrasion resistance of competing materials and an extremely low friction surface, ALUULA Durlyte™ is changing what’s possible in both sail design and performance.

Incidence Sails is supplying skipper Paul Meilhat’s IMOCA (International Monohull Open Class Association) Biotherm race boat with high-performance sails for The Ocean Race, one of sailing’s greatest round-the-world racing challenges. With a deck sweeper and various critical reinforcements made with ALUULA Durlyte™ on the team’s boat, the initial applications of this material are proving to exceed expectations in the world’s most extreme conditions.

In addition to being an industry leader in performance sail design, Incidence Sails is committed to creating a more sustainable future. As an inherently recycle-ready material, ALUULA Durlyte™ is a key ingredient towards sustainable sail making.

ALUULA Durlyte™ Quick Facts:
– 10x the abrasion resistance of competing materials with an extremely low friction surface.
– Absorbs no water, and is bacterial growth resistant.
– Proven by Incidence Sails in Transat Jacques Vabre, Route du Rhum, and The Ocean Race.
– Accepts heat welding, can be seam taped and is thermoformable.
– Single polymer and recycle-ready.

ALUULA Composites uses a patented fusion technology to bond technical films to a UHMWPE core, resulting in a new generation of performance composite fabrics that deliver unique and superior performance results. This “process, rather than a product” allows for a wide range of iterations to meet a broad range of applications.

Richard Myerscough, CEO of ALUULA, commented, “We are pleased to introduce ALUULA Durlyte™ to the sailing industry with industry leading brand partner, Incidence Sails. After the astonishing performance impact ALUULA has had on wing foiling and kite boarding, sailing is a natural next step. With critical sailing applications already exceeding expectations in prestigious events such as The Ocean Race, we look forward to demonstrating the unrivalled potential of ALUULA in this new market with Incidence Sails.“

About Incidence Sails
For more than 30 years, Incidence Sails has been an industry leader in sailmaking. From the Vendée Globe to the Route du Rhum and The Ocean Race, their sails support the most advanced race boats in the world sailing in the most extreme conditions. Incidence Sails’ relentless commitment to innovation places them at the center of the largest shipyards. This commitment led them to develop their own offshore racing center, to continue their leadership in the world’s most advanced race boats. Incidence Sails are proud to produce their sails entirely in France. For more information, visit: https://www.incidence-sails.com/incidence/

About ALUULA Composites
ALUULA Composites Inc. (TSX-V: AUUA) is a new class of composite materials built from components with eight times the strength-to-weight ratio of steel, and yet lighter than nylon, polyester or aramid. Using a patented and proprietary approach to increase fiber strength at the molecular level, ALUULA core weaves and outer facing films are fused without the use of heavy glues. This remarkable process allows ALUULA to achieve strength to weight ratio materials that have been previously unachievable. The company continues to add patented innovation to its product offerings and specialized core competencies to its growing team.

Partnering with world-class brands, ALUULA Composites is quickly becoming the top choice for innovators seeking to set a new standard of high-performance.

ALUULA is a Canadian company founded by a team of highly experienced chemists and engineers who share a common passion for exploring and enjoying the outdoors. They have created a new realm in dimensionally stabilized multilayer materials that are the result of an innovative bonding of co-polymer layers, creating composites which are extremely light, highly tear and stretch resistant, and are easily fabricated into a multitude of products across a wide range of markets. ALUULA Composites strives to develop products and processes that are not hazardous to our environment and minimize the footprint we leave behind.

Learn more about ALUULA Composites at: www.aluula.com

Contact:

Peter Dorrius, CFO and Corporate Secretary
peter.dorrius@aluula.com

Investor Relations General Contact
investors@aluula.com

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Forward-looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Forward looking statements in this news release include, but are not limited to, the expected engagement of HIS and its provision of market making services. Because of these risks and uncertainties and as a result of a variety of factors, including the timing and receipt of all applicable regulatory, corporate and third party approvals, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.