Sealegs International has been awarded an extra $355,000 by Callaghan Innovation to help apply its new generation amphibious technology to larger craft.
Sealegs Chief Executive, David Glen said the company was in discussions with several foreign boatbuilding companies to the license Sealegs technologies.
Callaghan Innovation Acting Group Manager Grants Ross Baker said Sealegs completed its SLG-100 technology feasibility study in 2013, and the new grant would allow the company to develop and test a prototype craft and build its research and development capability.
Callaghan Innovation was established by the Government last year to help accelerate commercialisation of innovation by firms in New Zealand.
- Fairfax Media