Market Overview

Lumiant Corporation Awarded 'Build in Canada Innovation Program' Contract

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For Light-Weighting Evaluation of TitanMade™ Composite in Ballistic
Armour Applications

The Government of Canada Build in Canada Innovation Program (BCIP) has
awarded Lumiant Corporation an $884,000 CAD contract to provide
TitanMade ballistic armour tiles for testing by Defense Research and
Development Canada (DRDC).

Meeting the growing demand for lightweight materials in challenging
application environments, TitanMade is a patent pending Titanium
Aluminide composite material exhibiting favourable mechanical properties
per unit mass vs. other technical ceramics. In ballistic armour
applications, TitanMade properties enable armour to be thin, light, and
durable helping to improve the mobility and survivability of military
vehicles.

"I am confident that TitanMade will provide great benefit to our
Canadian Forces," stated Mr. Kevin Harper, Director of Business
Development, and added, "I appreciate the support from the Government of
Canada to accelerate TitanMade commercialization with the BCIP contract
award."

About BCIP

The Build
in Canada Innovation Program (BCIP)
helps Canadian companies of all
sizes move their state-of-the-art goods and services from the laboratory
to the marketplace. The program helps innovators land a first major
reference sale, sell their innovation, but keep the intellectual
property, get their innovation tested in a real-life setting, and gain
feedback to help get products to market faster. The program pays up to
$500,000 for non-military innovations and up to $1,000,000 for military
innovations.

About Lumiant

Lumiant Corporation, based in Kelowna, British Columbia, Canada, is a
market-driven materials science company focused on discovering,
developing, and producing breakthrough materials for next generation
industrial products. For more information, visit the Lumiant website: http://www.Lumiant.com/.

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