Sparc Technologies (ASX:SPN) and its partner, Flinders University, secured AU$353,098 in funding under Australia's Economic Accelerator Ignite grant program, according to a Wednesday filing with the Australian bourse.
The collaboration aims to develop a graphene-enhanced material for aquaculture nets to reduce fish farm operational costs, environmental impact, biosecurity, and health risks, the filing said.
Sparc Technologies shares rose 3% in afternoon trade Wednesday.
Price (AUD): $0.17, Change: $+0.0050, Percent Change: +3.03%
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