Business
ALUULA and Airseas Ensure ALUULA's Composite Fabrics for Seawing Kite for Cargo Vessels to Move Towards Decarbonization
Victoria, British Columbia--(Newsfile Corp. - December 2, 2025) - ALUULA Composites .Inc. (TSXV...
About this update from Aluula Composites Inc
[{"type":"text","content":"ALUULA and Airseas Ensure ALUULA's Composite Fabrics for Seawing Kite for Cargo Vessels to Move Towards DecarbonizationVictoria, British Columbia--(Newsfile Corp. - December 2, 2025) - ALUULA Composites .Inc. (TSXV: AUUA) (\"ALUULA\" or the \"Company\") today announced the execution of a binding supply purchase agreement, effective January 1st, 2026, with OCEANICWING SAS, operating under the commercial name Airseas and owned by a major international shipping company. The twelve-month purchase agreement guarantees Airseas a continued supply of ALUULA's composite materials for constructing Airseas' Seawing system to meet key objectives and deadlines in the next phase of its development.Airseas is a leading company developing and commercializing a towing kite system to harness wind power for cargo vessel transportation. The Seawing uses automated parafoil kite wings to tow cargo ships and can reach dynamic flight speeds of 150 km/h, with an estimated 20% fuel savings and associated emission reductions. During Phase 1 of Seawing's development and verification, ALUULA's materials were used to construct a 300-square-meter kite, which was successfully tested in June 2025. Phase 2 is now underway, and the size of a Seawing kite has been scaled to 600 square meters, with the first large kite having been successfully constructed. The kite will be tested and verified for strength, reliability, operability, and safety. Following successful land-based testing, sea trials are planned in 2026 with a large bulk carrier. The companies have entered into a supply agreement to secure ALUULA's composite fabrics for the next phase of the Seawing system's development. The purchase agreement sets fixed prices for Airseas and covers minimum material purchase volumes while also including updated payment terms. The agreement enables better coordination in ordering input materials and scheduling ALUULA's production. This ensures Airseas can meet its timelines during this critical development stage as it progresses toward full-scale commercialization.Building on sustainable innovation\"We are proud to be able to work with Airseas, united by a joint vision to accelerate sustainable innovation. By pioneering high performance, ultra-light, and recycle-ready composite fabrics, we are helping Airseas, and other companies, to establish new standards that will sha...