Nexii develops climate-friendly whole building solution to reduce global impact of the construction sector
October 29, 2019
Vancouver, B.C. – Canadian company Nexii Building Solutions Inc. (Nexii) has developed an innovative whole building solution with the potential to significantly reduce the construction sector’s impact on the environment. The whole building solution is comprised of the proprietary low-carbon material Nexiite, which together with the Nexii design and assembly process, facilitates the rapid construction of sustainable, cost-efficient, durable and disaster-resilient buildings.
“The building and construction sector is responsible for 39% of climate pollution,” said Stephen Sidwell, Chief Executive Officer of Nexii. “I’m incredibly proud to be part of a solution to a significant contributing factor to the climate crisis. Nexii has the potential to advance building technology and reduce climate impacts created by the construction sector and buildings.”
Environmental impacts are expected to be largely reduced through Nexii’s fabrication and assembly process, which require fewer materials leading to less onsite waste. In addition, the invention of Nexii’s proprietary low-carbon material, Nexiite, means less concrete than traditional builds, resulting in substantially reduced end-to-end carbon emissions. Nexii’s suitability for the significant retrofit market could also lead to improved energy efficiencies of existing buildings, cutting carbon emissions.
The company is currently scaling up to meet high demand locally and globally. In the last six months, Nexii has received CAD $10 million in investment, completed its 20,000 square foot pilot manufacturing facility and invested in designing, engineering and testing the Nexii material and assembly process. Key investors and early customers include Lotus Capital Corp., Beedie, and Omicron Canada Inc.
“As a member of Nexii’s advisory committee, we are excited about the incredible potential we see in Nexii, and the significant pipeline of projects it is poised to deliver,” said Shenoor Jadavji, Founder and President of Lotus Capital Corp. “We are not only excited by the potential for broad applications of Nexii’s technology, but we also see key points of alignment in terms of utilizing the Nexii technology in some of our own developments.”
Nexii continues to invest in its manufacturing, research and development, testing and licensing programs, as well as fulfilling the high demand reflected in its current sales pipeline. Nexii is currently aggressively accelerating its go-to-market strategy, actively building full-scale commercial production facilities, as well as developing partners interested in licensing agreements.
This press release is for information only and does not constitute, nor should it be construed as, an offer to sell or a solicitation to buy any securities.
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Through its innovative building technology, Nexii has the potential to advance the construction industry by making sustainable, durable, cost-efficient and disaster-resilient buildings. Nexii has engaged in third-party testing to ensure the quality and safety of its products across a range of test categories, including strength, durability, and structural integrity. Nexii is well-suited for most building options, including commercial/institutional/industrial, mixed-use, multi-family residential, single-family detached as well as for the considerable retrofit market. As a company concerned with environmental and social impacts, Nexii is committed to building a vibrant future for people and planet by manufacturing and retrofitting truly sustainable homes.
This press release contains certain information, statements or disclosures that constitute forward-looking information under applicable securities laws (collectively, "forward-looking information"). All statements and disclosures, other than those of historical fact should be considered forward looking information. Forward-looking information presented in this press release includes, but is not limited to statements with respect management’s expectations regarding the ability of Nexii’s whole building solution to reduce the environmental impact of the construction industry and Nexii’s role in advancing building technology. Various assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions are based on information currently available to Nexii and include, but are not limited to: expectations about the stability of the general economic and political environment in which Nexii operates; expectations about Nexii’s ability to raise sufficient capital to complete its business objectives; the ability to obtain qualified staff, equipment and services in a timely and cost-efficient manner; a stable competitive environment; no significant event occurring outside the ordinary course of business such as a natural disaster or other calamity; future currency exchange rates. The forward-looking information in this press release is based upon factors, many of which are beyond the control of Nexii, which may cause actual results, performance or achievements of Nexii to differ materially from those contemplated in the forward-looking information. Such factors include, among other things: risks associated with the ability of Nexii to scale its technology and services; risks associated with the ability of Nexii to reach international markets; risks associated with Nexii having little to no assets or operational history; risks associated with financing efforts; risks associated with the ability to enforce intellectual property rights, risks associated with the ability to obtain any required licenses, permits, certifications and approvals risks associated with fluctuations in foreign currency exchange rates; and risks associated with general economic conditions. Although Nexii believes that the expectations reflected in the forward-looking information are reasonable, it cannot guarantee future results. Because of the risks, uncertainties and assumptions contained herein, the reader should not place undue reliance on forward-looking information. We are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable laws.
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