Artemis Technologies and Lisburn-based Creative Composites are using Americas cup sailing technology and the best from the aerospace automotive industries to make parts for a revolutionary new foiler system – the world's first commercially viable electric propulsion for marine vessels whcih reduces drag by 90%.

Welcoming the collaboration announcement, Lagan Valley MP Sir Jeffrey Donaldson said: “Creative Composites is one of our most innovative and fastest growing local businesses. Already working with countless leading global brands, this latest partnership announced with Artemis Technologies will further enhance its expertise, marking the firm’s first foray into the maritime sector.

“The collaboration forms part of Artemis Technologies’ wider plans to lead the decarbonisation of maritime transport – and Northern Ireland will be at the forefront of these exciting developments.”

Artemis Technologies, a sister company to the Artemis Racing professional sailing team is the lead partner in a Belfast consortium bidding to return shipbuilding to the city. The collaboration showcases Belfast’s existing research and innovation capability encompassing academia, industry and local government.

It is the only applicant from Northern Ireland and from the maritime industry to be selected for the next stage of the UK Research and Innovation’s Strength in Places Fund.
If successful, it will see more than £30m in funding go towards the consortium’s strategy to decarbonise maritime transportation, while also creating new commercial opportunities and laying the foundations for future product development pathways.