08:46 AM EDT, 04/12/2024 (MT Newswires) -- NameSilo Technologies ( URLOF ) , which lost 5% yesterday, said Friday that it has increased to $800,000 its investment in Alchemy Labs, a nanotechnology-powered industrial-coatings company focused on the automotive and defense sectors.

NameSilo ( URLOF ) didn't say how much it had initially planned to invest in Alchemy, which has a defense division that provides thermal camouflage nanotechnology for military applications.

Alchemy won a $1 million IDEaS contract from Defence Research and Development Canada to advance its thermal camouflage nanotechnology for uniform and netting integration for the Canadian Armed Forces. Alchemy is now working to secure its subsequent development contract from Canada and will promote its technology to other NATO and Five Eyes allies.

NameSilo ( URLOF ) is the holding company and majority owner of NameSilo LLC, one of the largest domain registrars in the world.