en.Wedoany.com Reported - The board of directors and senior management of NileBuilt Corp. have approved the sale of intellectual property related to its patented Generation-2 composite building technology. This technology combines macro-synthetic fiber-reinforced concrete composite panel assemblies, metal joist panels with cast-in-place concrete, and 2x4-inch metal studs to replace traditional wooden components in single-family homes. Former CEO of the National Association of Home Builders, Gerald "Jerry" Howard, and former Southwest Regional President of Tri Point Homes Inc., Thomas "Tom" Grable, have joined NileBuilt as strategic advisors.
Scott Long, CEO and Chief Technology Officer of NileBuilt, stated that Dow Building Materials recognized the need to shift from wood-frame construction to advanced materials when acquiring Generation-1 technology. The advanced materials of the current Generation-2 technology are easily scalable, requiring no factories, proprietary parts, or increased construction costs, making it the only way out of the current housing crisis. The technology was developed under Long's supervision, and he was also involved in the sale of the Generation-1 system technology in 2001.
Long added that support from policymakers, code officials, fire departments, insurance companies, builders, and consumers for Generation-2 products has exceeded the company's expectations. Due to more frequent and severe climate events impacting homeowner insurance policy options and project start speeds in several desirable U.S. markets, current demand has surpassed levels observed by the company after the Generation-1 technology sale. The Generation-2 solution allows homeowners to expand profit margins and introduces three new revenue areas for builders: insurance, carbon credits, and licensing.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
