A new patented Australian invention, Stormseal \u2013 that super seals buildings and roofs damaged by storms or left open during construction \u2013 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.<\/p>\n
Stormseal\u2019s 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 tarps \u2013 the traditional alternative.<\/p>\n
\u201cSevere 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,\u201d said Matthew.<\/p>\n
The funding was announced by the Mr Wyatt Roy, Assistant Minister for Innovation, Department of Industry, Innovation and Science under the Federal Government\u2019s Entrepreneurs\u2019 Program.<\/p>\n