NATOs fund has a budget of1bn to back startups developing deep tech for defence and security applications.
This marks its first public investment since itlaunched last year.
Unlike conventional methods which produce components by stacking multiple straight fibre layers the companys world-first technology enables fibre steering.
This is the ability to steer the fibres to optimise the properties of a structure at any point.
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For high-performance applications, the benefits are obvious.
Lighter materials make for a faster vehicle that uses less fuel.
iCOMAT has already built components for fighter jet panels,spacelaunchers, and Formula 1 cars, it said.
iCOMAT is currently building a 4200-square-metre production facility in Gloucester, UK, to scale up its patented process.
The factory should be online by the end of this year.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
