Aussie invention that super seals storm damaged roofs secures $450,000 funding
By Gerald Ainomugisha, 31 May 2016, Australian Anthill
A new patented Australian invention, Stormseal – that super seals buildings and roofs damaged by storms or left open during construction – will soon come to the aid of extreme weather victims, their insurers and builders, thanks to a federal government commercialisation grant of a little over $450,000.
Stormseal’s Founder and MD Matthew Lennox said the funding would allow his company to fully commericalise the product which is a unique patented polyethylene film that heat shrinks to cover damaged roofs or walls, providing strong, secure, cost effective and lasting weather protection, unlike tarpaulins – the traditional alternative.
“Severe storms are now more frequent world-wide, damaging property, traumatising residents, stretching emergency resources and costing insurance companies billions. In the 2007 Australian storm hailstones as big as cricket balls hit Sydney, causing insured losses of A$486million. Stormseal can make a big difference in such an aftermath, especially damages take time to be fixed due to big insurance demands,” said Matthew.
The funding was announced by the Mr Wyatt Roy, Assistant Minister for Innovation, Department of Industry, Innovation and Science under the Federal Government’s Entrepreneurs’ Program.