HercuTech Secures $5 Million in Funding from WindSail Capital
October 27, 2016
FOR IMMEDATE RELEASE - Phoenix, Arizona
New Financing Accelerates Expansion in North America
PHOENIX, Arizona—HercuTech Inc. announced today that it has secured a $5 million credit facility from WindSail Capital, a Boston-based investment firm focused on energy innovation and sustainability. This financing will support HercuTech’s growing demand for HercuWall®, the company’s premier product.
“We are looking forward to our collaboration with WindSail Capital,” stated Michael Niemann, founder and CEO. “We've made incredible progress in lining up major customers now that we have completed successful proof of concept with leading production homebuilders; and, with this new round of funding, we will be able to open additional manufacturing facilities starting in Florida to meet the strong current market demand and pursue other targeted markets.
HercuWall® is a panelized exterior wall system that is produced in a factory and quickly assembled on the job site, reducing cycle time while combining many steps into one. This patented “green” technology contributes to high LEED® ratings and “net-zero” energy goals. HercuWall® is superior to wood frame and other constructions. HercuWall® achieves significant improvements in resilience, sustainability and cost efficiency compared to traditional wood-frame construction.
LafargeHolcim, the largest diversified supplier of construction materials in North America, signed a marketing agreement with HercuTech earlier this year to expand HercuWall® markets throughout North America.
“As the energy performance requirements of building codes strengthen, the race is on to find cost-competitive, high performance building envelope materials. We believe that HercuTech’s products meet this rapidly growing demand head on and we are very pleased to partner with them as they roll their products out nationwide," said Ian Bowles, Managing Director of WindSail Capital.
HercuTech Inc. develops, manufactures and markets pre-engineered building technologies for the construction of high-performance, energy-efficient structures for home and work. The company primarily targets production home builders and multifamily developers. Other applications include custom homes, charter schools, retail centers, restaurants, and care facilities. HercuWall® is both hurricane and fire rated; and meets the performance, cost, and scalability parameters that builders require. Headquartered in Tempe, Arizona. For more information, visit www.hercutech.com.
ABOUT WINDSAIL CAPITAL GROUP, LLC
WindSail Capital Group is a Boston based-investment firm that provides growth capital to early stage commercial businesses advancing energy innovation and sustainability. WindSail’s unique approach offers companies flexible and creative financing solutions that meet their specific financing needs while facilitating growth and minimizing dilution. WindSail invests $2.0 to $8.0 million in each transaction. For more information, please visit www.windsailcapital.com.
LafargeHolcim North America Companies and Hercutech Sign Agreement to Market High Performance Insulated Concrete Wall System in North America.
06/06/2016 - NEWS FROM HERCUTECH
Chicago Illinois & Phoenix Arizona
Strategic alliance will draw upon the benefits of HercuTech’s advanced HercuWall® system and LafargeHolcim’s innovative concrete mix designs, technical expertise and market know-how.
LafargeHolcim, the largest diversified supplier of construction materials in North America, and HercuTech Inc., an innovative manufacturer of high-performance, pre-engineered building components for the construction industry, have signed an agreement for marketing HercuWall®, a high-performance insulated concrete wall system. The collaboration combines LafargeHolcim’s innovative concrete mix designs, technical expertise and market know-how with HercuTech’s technologically superior HercuWall® insulated concrete walls. The strategic alliance is expected to make this new product offering available for residential construction projects throughout North America.
HercuWall® is a panelized system that is produced in a factory and quickly assembled on the job site, reducing cycle time while combining many steps into one. This patented “green” technology contributes to high LEED® ratings and “net-zero” energy goals. ShearStrip® technology eliminates the need for vertical rebar. Along with EPS foam insulation and LafargeHolcim state-of-the-art concrete, HercuWall® achieves significant improvements in resilience, sustainability and cost efficiency compared to traditional wood-frame construction.
The end result is an energy-efficient and cost-competitive solution for improving the quality and service life of new homes as well as keeping home prices affordable. In short, HercuWall® incorporates the strength and long-term durability of concrete to create better walls and better homes.
“LafargeHolcim’s expertise in cementitious materials brings us important advantages in terms of concrete mix design and technical support for improving placement and optimizing the total system,” said Michael Niemann, chairman and chief executive officer of HercuTech. “Their extensive infrastructure to service the market, customer relationships, reputation for quality and consistency, and record of commercializing breakthrough technologies—combined with HercuTech’s proven HercuWall® system—allow the strategic alliance between our companies to showcase and expand the reach of our advanced insulated concrete wall systems in North America.”
“This agreement perfectly aligns with our mission to provide production homebuilders with demonstrated forward-looking technology they need,” said Maik Strecker, head of growth and innovation for LafargeHolcim in North America. “HercuTech developed this game-changing system and 7th ranked U.S. homebuilder Meritage Homes provided valuable industry insight and support. HercuWall® meets the needs of residential builders, as well as the growing demands of consumers, for more sustainable, energy-efficient homes. We are excited by the opportunity of working with HercuTech to help make this innovative insulated concrete wall system readily available to homebuilders throughout North America and setting the industry standard for affordable, high-quality insulated concrete wall systems for years to come.
Jim Leiferman Joins HercuTech Inc. as Director
10/01/2013 -- NEWS FROM HERCUTECH INC.
Orlando, FL -- Jim Leiferman, former Florida Area President of Pulte Homes, has been named to the Board of Directors of HercuTech Inc. – a Florida and Arizona-based company recognized for its technologically advanced, patented products for both the residential housing industry and light commercial construction.
Leiferman will also serve HercuTech Inc. as its Interim President where he will be responsible for overseeing its rapidly expanding operations and markets.
HercuWall® - a Patented "Green" Wall Building System To Be Introduced on Earth Day in Arizona
03/16/2009 -- NEWS FROM HERCUTECH INC.
Phoenix, AZ -- HercuWall®, a patented, "green" wall building system, which could revolutionize homebuilding across the globe, will be introduced here on Earth Day (Wednesday, April 22) by Smart Homes Alliance.
HercuWall® To Be Showcased at GreenBuild Expo in Habitat for Humanity’s Concrete Home
11/01/2009 -- NEWS FROM HERCUTECH INC.
Phoenix, AZ – HercuWall® a new patented, "green", concrete, wall-building system is partnering with an assemblage of Phoenix area contractors and suppliers to demonstrate "green" building technologies in the first concrete Habitat for Humanity® home in Arizona.