NexBoards (Manufacturing & Demand -- Pages 53/54 of S1A Filing)
We have been in development of a fire-resistant thermoplastic and fiber composite material to produce a number of green construction products that can be produced at industrial scale in order to unlock existing demand indicated by several homebuilders and developers. Industrial production requires the panels to be cut in varying thicknesses and sizes, including standard 48” x 96” sheets.
We are planning to build out manufacturing facilities in the United States to meet the demand for NexBoard-related products, and may license the technology and manufacturing process to builders and developers. There is strong current demand for eco-friendly building materials with flame retardants that can be incorporated into plastics or used as coatings for wood or other materials. Flame retardant-infused products can impact as much as 40 percent of all building materials.]Eco-friendly flame retardants are needed because of the growing mandate worldwide to ban flame retardants that contain toxic chemicals in the form of organic compounds containing halogens such as bromine and chlorine, and phosphates such as phosphorus. We have identified potential specialized manufacturing equipment to produce the NexBoard product and has hired a managing director with decades of experience to oversee the advanced materials projects. We have received strong interest for NexBoard from a number of residential and commercial builders, including a Letter of Intent from a U.S.-based residential developer planning to construct at least 35,000 homes in West Africa, and a Memorandum of Understanding from a large U.S. residential developer.
Subject to available capital, we are planning to have the NexBoard product manufactured to meet initial demand starting in the third quarter of 2023, and expect to raise additional capital which may include expanding manufacturing capacity and strategically licensing the certified manufacturing processes used in the production of the NexBoard products.
The demand for green building products is being fueled by the environmental, social, and governance (ESG) movement for socially and environmental conscious corporate standards. In addition, the need for suitable housing worldwide is driving demand for quick-build affordable construction. The confluence of the shortage of affordable housing and the need for renewable materials is the driving force behind the demand for NexBoard. Gypsum board is the commonly used wallboard, but it is not made from sustainable materials, which creates an opportunity for NexBoard and derivative construction products, such as subflooring, roof decking, molding, trusses and studs.
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