ALUULA and Airseas Ensure ALUULA's Composite Fabrics for Seawing Kite for Cargo Vessels to Move Towards Decarbonization

Core Viewpoint - ALUULA Composites Inc. has entered into a binding supply purchase agreement with OCEANICWING SAS (Airseas) to provide composite materials for the development of Airseas' Seawing system, aimed at enhancing sustainable shipping practices [1][3]. Group 1: Agreement Details - The twelve-month purchase agreement, effective January 1, 2026, ensures a continuous supply of ALUULA's composite materials for Airseas' Seawing system [1]. - The agreement includes fixed prices, minimum material purchase volumes, and updated payment terms, facilitating better coordination in material ordering and production scheduling [3]. Group 2: Seawing System Development - Airseas is developing a towing kite system, the Seawing, which utilizes automated parafoil kite wings to tow cargo ships, achieving flight speeds of up to 150 km/h and estimated fuel savings of 20% [2]. - The Seawing kite size has been scaled to 600 square meters for Phase 2, with successful construction and upcoming testing planned for 2026 [2]. Group 3: Material Innovation - ALUULA's patented materials are ultra-light, high performance, and recycle-ready, designed to withstand extreme conditions at sea, being eight times stronger than steel for equivalent weight [5]. - The materials are engineered for durability and long-lasting use, supporting the need for circular maritime solutions [5]. Group 4: Company Background - Airseas, a subsidiary of a major shipping company, focuses on wind propulsion technology to reduce fuel consumption and CO₂ emissions in maritime transport [6][7]. - ALUULA Composites is known for its innovative, sustainable materials that enhance outdoor gear performance while maintaining environmental responsibility [8].