Aluula Composites signs supply deal with Aqua Dynamics

Executive Summary

• Aluula Composites Inc. has entered into an agreement with Aqua Dynamics Pvt. Ltd., a major customer and leading action sports manufacturer, to secure a guaranteed supply of Aluula's high-performance composite materials.
• The agreement, executed on October 21, 2025, updates core terms of their existing relationship to allow Aluula to preplan input material ordering and production schedules while guaranteeing Aqua Dynamics secured deliveries throughout the year.
• The deal involves an irrevocable purchase order covering a committed annual volume and revised payment terms, facilitating better capacity management for Aluula as demand increases.

Key Details

• Counterparty: Aqua Dynamics Pvt. Ltd., established in 1988, located in Negombo, Sri Lanka.
• Counterparty Profile: One of the world's leading manufacturers of action sports products (windsurfing sails, kites, paragliders, yacht sails, tents, and accessories) operating from a 40,000-square-metre high-technology facility.
• Agreement Date: October 21, 2025.
• Key Terms:
  • Irrevocable purchase order.
  • Covers a committed annual volume.
  • Revises payment terms.
  • Ensures secured deliveries for Aqua Dynamics throughout the year.
  • Enables Aluula to preplan input material ordering, production schedules, and shipments.
• Strategic Context: The partnership aims to support Aluula's growth by opening opportunities in new markets, including shelters and wind power, leveraging Aluula's composite materials for innovation in manufacturing and construction techniques.
• Product Specifications: Aluula's materials utilize an ultrahigh-molecular-weight polyethylene fibre core with a strength-to-weight ratio 8 to 15 times greater than steel. The materials are recycle-ready, waterproof, UV resistant, and made via a patented, adhesive-free manufacturing process.

Notable Quotes

• Frank Ulmer, Managing Director at Aqua Dynamics: "We have worked with Aluula materials since 2020 and have seen the growing interest from our windsports brand partners and beyond. With this increasing interest, it became important for us to evolve our working relationship with Aluula to ensure our customers have access to the most innovative materials throughout the year, helping them deliver outstanding products while keeping sustainability front and centre."
• Sage Berryman, CEO and President of Aluula Composites Inc.: "We commend Aqua Dynamics for being a leader in their industry by securing a guaranteed supply of Aluula's materials for their customers throughout the year. Every committed purchase enables us to preplan input materials and production time in advance. This foresight helps keep our production smooth and ensures we deliver quality products on time as the demands on our capacity increase."