According to Applied Nanotech Holdings CEO Dr. Zvi Yaniv, the company has been awarded a Phase I SBIR grant, in the amount of $149,426, from the US DOE to develop ultra lightweight hydrogen fuel tanks using carbon nanotube reinforcement. "This grant was awarded for a 9-month program with an overall objective to significantly improve the mechanical properties of the carbon fiber/epoxy material used to construct the hydrogen fuel tanks using carbon nanotube reinforcement. The primary goal is to reduce the weight of the tanks by 20 to 30%.
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