Nanoveu Limited advised that it has completed a research collaboration with A*STAR to develop a new product category in anti-flammable laminates for the aviation industry, to which the Company is now adding its NanoshieldTM antiviral technology. Nanoveu has completed research collaboration with the Institute of Material Science, a division of Singapore's largest research institution - A*STAR, to develop a new anti-flammable laminate product, with a particular focus on the aviation industry. The collaboration was initiated by A*STAR in August 2021 and drew on Nanoveu's background in developing and commercialising nano imprint lithography products and its co creator of its EyeFly3D products.

Nanoveu actively assisted in development of the industry compliant laminates, identifying and sourcing suitable materials, price negotiation and identification of capable and reliable production facilities to manufacture the aviation laminates. Nanoveu engineers participated and actively managed the testing process to meet vigorous Federal Aviation Administration (FAA) standards including FAR 25.8532, Airbus and Boeing Standards. The Company's prototypes passed all required safety testing parameters.

Testing was undertaken by Jamco USA3, A*STAR's nominated testing facility accredited by the FAA and European Union Aviation Safety Agency (EASA) to produce, record, and document data to be used for FAA and EASA certification programs. Whilst certification equivalent testing was completed by Jamco USA in September 2022, A*STAR subsequently conducted additional tests in their own facility. This included hardness and tear testing (ISO 4674-1), abrasive testing (ASTM D 4060-1) and UV stability testing (ASTM G154). Certification was not sought for the prototypes, however, upon customer validation final samples will be submitted for formal certification.

The development of this new product category is an on going work in process and discussions and correspondence are current and ongoing. A*STAR continues to meet with Nanoveu to map out current issues and continued development. Nanoveu is of the view that disclosure of the Aviation Laminate project is now appropriate as there is now a clear path to commercialization, and earlier disclosure was considered speculative as it was in its R&D stage of development.

The prototypes will soon have the Company's own proprietary antiviral layer added, by replicating results in its previous PVC laminates that had achieved anti-viral and bacterial efficacy of 99.99%. Establishing the core anti flammable layers was an important first step as it will allow the company to develop an almost permanent antiviral solution to the aviation market place for these laminates. The development underscores progress in Nanoveu's strategy to create a full range of effective self-disinfecting solutions and expands the NanoshieldTM range of products - post pandemic.

The Company is now focussing on developing texturing and colour variations for this new product category.