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MC Endeavors, Inc. Acquires Seismic Foundation Control, Inc. and their Earthquake Resistant Base Isolator Technology
Seismic vibration-dampening systems will be a $10-$15 Billion business by the year 2015 due to new and retrofit earthquake area construction.
Press Release Source: MC Endeavors, Inc. On Wednesday May 11, 2011, 8:33 am EDT
MONARCH BEACH, Calif.--(BUSINESS WIRE)-- MC Endeavors, Inc. (PinkSheets: MSMY) announced it has acquired Seismic Foundation Control, Inc. of Edmonds, WA. Terms of the acquisition were not disclosed. The new wholly owned subsidiary brings in-house a key element to complete the earthquake protection of MCE’s Lamisteel residential and small commercial buildings. The seismic vibration-dampening systems will be a $10-$15 Billion business by the year 2015 according to the Green Economy Post. The patented factory built “Quake Guard Base Isolator” features a three-part system consisting of a ball and socket casing and an elastomeric pad of rubber and steel plates vulcanized together with a steel frame on which the building's steel floor frame is attached.
John Armstrong, President of Seismic Foundation Control stated that, “The merger-acquisition of SFC into MCE is an excellent marriage. An MCE Lamisteel building and its interior contents supported by these units will experience even more reduced shaking and damage in the event of an earthquake. These foundations are superior to any other foundation for use on compressive or expansive soils such as adobe, clay or bay mud, which create stress and movement in traditional concrete footings and foundations. The shaker-table testing that simulated the Sylmar and El Centro earthquakes of a 2-story 15 foot by 10 foot building was shown to have no ill-effects.”
Tim Algier, Architect and CEO of MC Endeavors reiterated that, “The Quake Guard Base Isolators connected and supporting our Lamisteel frames become one integrated building structure that will absorb the earthquake and wind vibrations. These economically constructed base isolators will play a key role in the foundation engineering for the reconstruction efforts to rebuild cities and communities within the earthquake ravaged countries of Haiti, Chile, New Zealand, China, and Japan. The estimate to rebuild these countries now tops $600 Billion and they require new technologies that are both economical and time-sensitive. Homeless survivors need to have their communities rebuilt, but they must have confidence that the new buildings can withstand the aftershocks and future earthquakes.”
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