Business
Project tender awarded
Project tender awarded.
About this update from Directa Plus Plc
[{"type":"text","content":"\n\nRNS Reach\n19 July 2023\n \nDirecta Plus plc\n(\"Directa Plus\", the \"Group\" or the \"Company\")\n \nDirecta Plus awarded tender by Lombardy Region as part of its 'Ricerca & Innova' programme\n \nDirecta Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, has been awarded a project tender from the Italian Region of Lombardy as part of its 'Ricerca & Innova' programme to further develop Graphene Plus (G+) air filtration applications.\n \nThe project is for an 18-month period and has a total value of c.€400,000 which includes a non-repayable grant of €142,500 and a zero interest loan €264,642 which will be repaid over seven years. This award will enable Directa Plus to continue investing and developing its air filter applications, leveraging the antiviral and antimicrobial properties of its G+ technologies.\n \nIt is proven that the G+ filter has a bacterial load reduction higher than 99.98% and, when tested in conditions of simulated use, it is three times more efficient than the average alternative products on the market. Moreover, Graphene Plus is free from any hazard identification, being the G+ technology which is non-toxic and safe for both humans and the environment.\n \nDirecta Plus has been working on the development of G+ air filters since 2020 following the rapid and successful commercialisation of a high performing graphene-based mask, the Co-Mask, to contribute to the fight against Covid-19. This quickly led to exploring industrial filtration applications in the automotive industry and Directa Plus will now use the funding to target Industrial Heating, Ventilation and Cooling (HVAC) applications.\n \nBased on recent research by Fortune Business Insights, the global air filters market size was valued at $14.68 billion in 2022 and it is projected to grow to $25.69 billion by 2030, exhibiting a CAGR of 7.3% over those years.\n \nThe Ricerca & Innova programme aims to support investments in industrial research, experimental development and process innovation by companies based in Lombardy. Directa Plus was selected as part of the programme, among many other participants, due to the innovative capabilities of the Group's G+ technologies and timing of the submission.\n \nCommentin...