materials and corrosion testing, and thermal cycling testing of subscale samples. Full-scale JBD panels will be fabricated and tested in a maritime environment during the second and third years of the program. The contract value of the Phase II base program and two initial option years is US$1.7 million. “Beyond aircraft carriers, this technology could constitute a breakthrough in heat exchangers and heat sinks,” Morris added. “The lightweight, low-cost surface’s capability to sustain extremely high temperatures over an extended time and undergo rapidly passive cooling could have many other industrial and military applications.” This exciting project is at a Phase II stage and has the potential to create new markets and opportunities, however, at this stage, the quantity of CFOAM being provided for the first year of the program will not have a material impact on the business.
CFO Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held