Mr. Paul Woodward reports
AETHER CATALYST ANNOUNCES RESEARCH AND DEVELOPMENT FUNDING
Aether Catalyst Solutions Inc. will receive advisory services and a non-repayable contribution of up to $250,000 from the National Research Council of Canada industrial research assistance program (NRC IRAP).
The contribution will support a research and development project and enable Aether to significantly speed up the time to get its technology to market by allowing additional capital and human resources to be dedicated to the project. Through previous NRC IRAP projects, Aether has demonstrated its ability to leverage this support in making large technical advancements of its low-cost catalyst technology and expects a similar step forward which the company believes will yield technology validation by the automobile original equipment manufacturers (OEM).
"We are pleased to secure advisory and funding support from NRC IRAP," stated Greg James, Aether's chief operating officer. "This funding is very timely as it will directly accelerate the refinement of Aether's technology based on the recent feedback given by two of the world's largest automobile OEMs."
About Aether Catalyst Solutions Inc.
Aether Catalyst Solutions is focused on providing an order of magnitude cost reduction in automotive catalytic converter catalyst, while meeting or exceeding government emission standards. Aether is working to quickly advance its technology through rapid screening of new materials directed at enhancing end-of-life conversion levels after accelerated aging. While Aether's primary focus is automotive, other potential applications for this low-cost technology are also being explored. Aether is looking to replace precious metals in automotive catalysts for gasoline powered engines, a greater than $20-billion cost annually at today's prices.
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