FOM Technologies is expanding the application area of its technology to include the defence industry. Simultaneously, the company announces that it has received the first two contracts to supply equipment for material research within this segment.
FOM Technologies, a developer of advanced machines for materials research, is now expanding the application areas for the Company’s technology to include the global defense industry. The company’s technology, which has so far been used in research into, among other things, solar energy and batteries, has also proven to be applicable and relevant to the defense industry.
Simultaneously, the Company can announce that it has received its first two contracts within the defense industry, one of which is with a government actor. For reasons of confidentiality, the Company does not wish to disclose the names of the above two customers.
This development confirms the Company’s strategy to expand the Company’s markets and the application areas of the Company’s technology, thereby strengthening its position within high-tech materials research.