Shane Mugan’s company ExoTechnologies has sealed a deal to supply Police Scotland with vessels built from its resource-efficient fibreglass substitute
Author: Charlie Taylor
Manufactured by ExoTechnologies’s subsidiary Ultimate Boats, the powerboat has a top speed of 50 knots and an operating range of 400 nautical miles
ExoTechnologies has agreed its first commercial deal for what it says is the world’s first fully recyclable and bullet-proof powerboat.
The marine tech company has also asked KPMG to secure up to €100 million in investment as it looks to further commercialise its proprietary composite material, which it believes could replace fibreglass and carbon fibre.
Founded by Irishman Shane Mugan, Exo recently delivered the powerboat built with its Danu technology, to Police Scotland, which has…
