Continuous Composites today announced it was the winner of the 9th Entrepreneurial Challenge by Sikorsky, a Lockheed Martin Company (NYSE: LMT).Read Article
Continuous Composites today announced it was the winner of the 9th Entrepreneurial Challenge by Sikorsky, a Lockheed Martin Company (NYSE: LMT). The Entrepreneurial Challenge is led by Sikorsky Innovations and is designed to accelerate innovators and disruptive technology concepts with applications to the aerospace industry.
“This year we received the most first round applications ever.” said Chris Van Buiten, vice president of Sikorsky Innovations, “We are thrilled to continue to work with a variety of entrepreneurs and small businesses to explore new technology and concepts. We are proud that many of our previous awardees have been successful in transitioning their technology into production.”
Continuous Composites, with its ownership of the world’s earliest granted continuous fiber patents, is advancing its Continuous Fiber 3D Printing (CF3D®) technology in the DOD, Aerospace, and other sectors for the next generation of composites with deeply embedded functional microstructures.
“Our team is honored to win the Lockheed Martin Sikorsky 9th Entrepreneurial Challenge,” said Tyler Alvarado, CEO of Continuous Composites. “This recognition is supportive follow-on to our recently announced Joint Development Agreement with Arkema Group (EPA: AKE) as we build the base for future revenue streams and advance our strategic initiatives. Those initiatives include applying CF3D® to print carbon-bonded-carbon composites used in hypersonic applications where both extremely high heat and strength are required. We are continuing to establish strategic partnerships as we move beyond R&D and toward the anticipated commercialization of our technology in 2021 and greatly appreciate the recognition of our technology by an industry leader such as Lockheed.”