” We are pleased to announce that the Company has received an APPROVAL from the Nodal Agency, Petroleum and Explosives Safety Organization (PESO) for the manufacture and supply of HIGH- PRESSURE TYPE-3 FULLY WRAPPED FIBRE REINFORCED COMPOSITE CYLINDERS (6.8 Litres). These HIGH-PRESSURE CYLINDERS WILL FIND USAGE FOR STORING HYDROGEN TO POWER FUEL CELL DRIVEN UNMANNED AERIAL VEHICLES AND DRONE APPLICATIONS.
ThisisasignificantmilestonemakingTimeTechnoplastLtd.—theFIRSTCOMPANYININDIAtoreceive such an Approval for Manufacture of Type-3 Fully Wrapped Fibre Reinforced Composite Cylinders for Hydrogen Powered Fuel Cell, Unmanned Aerial Vehicles (UAV’S) & Drones. The Company is involved in developing additional sizes for the same application.
This confirms our unwavering commitment to “MAKE IN INDIA’ and advancing ‘sustainable green energy solutions, cementing our leadership in the growing Hydrogen Energy Sector. This follows our earlier announcement dated 20″ June, 2024, when we were accorded APPROVAL OF HIGH PRESSURE TYPE-4 (NON-METALLIC) COMPOSITE CYLINDERS FOR CASCADE STORAGE AND TRANSPORTATION FOR HYDROGEN.
TYPE-3_ FULLY WRAPPED FIBRE REINFORCED COMPOSITE CYLINDERS FOR HYDROGEN POWERED UAV’S / DRONES:
The current technologies to power UAV’s & Drones are through conventional batteries which are rather heavy and only offer limited time and distance travel. Type-3 Composite Cylinders offers higher power to weight ratio being light weight and carries energy dense hydrogen. The reduced weight allows higher load carrying capacity, longer flying times and dispensing the need to charge very frequently. This has been made possible by using the cutting-edge materials with latest technology, making them highly efficient and eco friendly alternative to traditional powering sources.
Key Benefits of Hydrogen-Powered Drones e Higher power to weight ratio
e Extended Range & Flying Time.
e Lightweight & High Payload Capacity. e Eco-Friendly.
e Faster Refuelling or Recharge.
e Lower Operating Costs.
Application
Defence
Surveillance & Monitoring e =Agricultural application
Aerial photography
Search & Rescue
Cargo delivery
As UAV’s and Drones continue to play a pivotal role for the above applications, the demand for high performance, long range, environmentally friendly alternatives to conventional power sources have never been higher. The UAV and Drone market currently valued at approximately USD 30 Billion. With projected CAGR growth rate of 11% to reach USD 60 Billion by 2032 according to the publicly available market data.
The approval from PESO bolsters our position as a local manufacturer of high technology solutions for adoption of sustainable energy solutions within aerospace sector. We are excited to be at the forefront of this transformative change in India’s Drone Industry.
We extend our sincere gratitude to al our stakeholders for their continued support in helping us achieve this significant milestone. Together, we are driving progress, advancing sustainable technologies, and contributing to a greener future.
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/afecce3e-71c1-49c3-8e59-c219a11f6bb5.pdf
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