Canopy Celebrates Major Milestone with USAF Phase 2 STTR Award Worth Over $1M

Littleton, CO – August 22, 2023 – Canopy Aerospace, an innovator at the intersection of manufacturing, materials, and digitization, is thrilled to announce a groundbreaking achievement with the recent award of a USAF Phase 2 Small Business Technology Transfer (STTR) contract valued at over $1M. This prestigious award from the United States Air Force (USAF) will further propel Canopy's efforts in advancing a key technology for the commercialization of thermal protection systems (TPS) – automated robotic spray coating.

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The USAF Phase 2 STTR serves as technical validation of Canopy’s approach to rapid commercialization of TPS. This award builds upon the $3.5M of private venture capital funding that Canopy has raised since August 2022, and works in tandem with other internal development projects and NASA-funded efforts.

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With this innovative approach, Canopy aims to revolutionize the manufacturing process for mission-critical components, delivering unmatched performance, precision, and reliability.

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A key factor in the success of this endeavor is Canopy's strategic partnership with Purdue University. The collaboration between Canopy and Purdue University exemplifies the power of public-private partnerships in driving innovation and strengthening the nation's technological capabilities.

"We are tremendously excited to kick off work on this USAF Phase 2 STTR contract," said Dr. John Howard, CTO at Canopy. "This milestone not only reaffirms our commitment to advancing thermal protection systems but also underscores the value of collaboration between industry and academia. Our collaboration with Prof. Rodney Trice at Purdue has been instrumental to validating the performance of Canopy’s technology by leveraging proven testing and characterization capabilities. We are confident that this is a sign of longer-term partnerships with one of the nation’s premiere national security research universities.”

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“We’ve been proud to support Canopy in this mission; our capabilities as a research university dovetail perfectly with Canopy’s ambition and innovation to scale a dual-use business model.” said Dr. Rodney Trice, Purdue’s principle investigator on the project.

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Canopy's vertical integration and software-centric approach to manufacturing positions the company to fulfill major gaps in the US supply base for national security missions and NASA’s goal of fostering the Low Earth Orbit (LEO) economy.

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About Canopy:

Extreme missions are the very forge that hammers progress – we craft certainty for those who dare to reach beyond. Canopy builds technology at the intersection of manufacturing, materials, and software to propel humanity's ascent into the next frontier.

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For media inquiries, please contact:

Attn: Will Dickson

Director, Strategy and Development

info@canopyaerospace.com