14th Apr 2014 09:36
LONDON (Alliance News) - Revolymer PLC said Monday that it had won a GBP500,000 funding award from the UK government's Technology Strategy Board as part of a consortium that will develop a new sustainable coating designed to prevent marine organisms from accumulating on vessels and underwater structures.
The award will fund a project between a consortium of AkzoNobel NV's International Paint Ltd, the University of Liverpool, Newcastle University and Revolymer.
Shares in Revolymer were trading down 2.8% at 52.03 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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