HOUSTON--(BUSINESS WIRE)--Jul 31, 2023--
As relentless heatwaves sweep the nation, NanoTech Inc. warms up multiple investors by pioneering a unique category of climate-resilient materials promising a dual benefit: a marked decrease in carbon emissions and a tangible return on investment for building owners.
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NanoTech Inc, a material science company pioneering a unique category of climate-resilient materials that enable environmental responsibility without sacrificing financial return, brings on multiple investors in an oversubscribed funding round to combat peak heat in the last weeks of summer. (Photo: Business Wire)
The capital infusion primes the company to rapidly combat peak summer temps across the built environment sector with their flagship product, the Nano Shield Cool Roof Coat™. The waterproof thermal coating harnesses one-of-a-kind heat resistant technology to dramatically cut the energy HVAC systems demand for commercial space cooling. From always-on data centers to sprawling warehouses, the NanoTech solution has widespread impact.
"It's crucial to recalibrate the sustainability narrative – environmental responsibility and financial return can go hand in hand," says Mike Francis, CEO and co-founder of NanoTech. “We’ve transformed the roof from a cost center to a savings source by reducing energy expenditures while also significantly shrinking the building's carbon footprint.”
An impressive mix of 3 institutional, 2 corporate-strategic, and 7 family office investors join NanoTech’s initial investor, Ecliptic Capital, to accelerate the startup's reach. With the continued support of Halliburton Labs industrial scaling resources, the first company selected to the prestigious program intends to use the funds to bolster NanoTech's nationwide network of trusted installers and distributors for immediate delivery across all 50 states.
The Nano Shield Cool Roof Coat™ builds upon the superficial solar ray reflection of traditional white coatings and paint with the company’s industry breakthrough innovation that virtually eliminates heat penetration via the roof. In some applications, customers have seen a staggering drop up to 40°F – inside the building. The company and its partner community are confident this investment will help them coat as many roofs as possible before temperatures soar even higher.
"The substantial decline in CO2 emissions and energy costs resulting from reduced reliance on HVAC systems is far more than a fringe benefit - it forms the cornerstone of our long-term strategy to lead the climate-resilient materials market. Beyond corporate objectives, it's a personal source of immense pride to foster a healthier planet for generations to come," explains Francis.
About NanoTech Inc.
NanoTech Inc. is a material science startup building a safer and more resilient world through breakthrough materials in fireproofing and cool roof coating. For more information, visitwww.thenanoshield.com, messagePR@thenanoshield.com, or call (888) 296-6266.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230731443601/en/
For more information, visitwww.thenanoshield.com, messagePR@thenanoshield.com, or call (888) 296-6266.
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: ENVIRONMENT COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY HVAC CHEMICALS/PLASTICS SUSTAINABILITY BUILDING SYSTEMS MANUFACTURING GREEN TECHNOLOGY ARCHITECTURE
SOURCE: NanoTech Inc.
Copyright Business Wire 2023.
PUB: 07/31/2023 07:32 AM/DISC: 07/31/2023 07:31 AM
http://www.businesswire.com/news/home/20230731443601/en
