AquiPor Technologies, Inc.

AquiPor Technologies, Inc.

Revolutionizing Stormwater Systems

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Security Type
Common Stock
Categories
Other
Min Investment
$250
Location
Mount Pleasant, SC
Offering Date
May 26, 2020
Expected Close Date
April 30, 2023
Target Raise
$100.00K-$1.24M
Security Price
$1
Deal Notes

$1.13 per share

Valuation
$19,400,000
Number of Employees
3
Cash
$44,284
Revenue
$0
Short Term Debt
$193,944
Cost of Goods
$0
Long Term Debt
$224,000
Net Income
$-119,412

Company Description

AquiPor has developed an innovative permeable pavement technology that is poised to revolutionize stormwater infrastructure in cities throughout the U.S. AquiPor technology transforms roadways, curb lines, and sidewalks into permeable hard surfaces that can capture and filter rain right where it falls, replenishing the natural water cycle and helping eliminate pollution from stormwater runoff.

Perks

$249+: Start Engine Owners Bonus - This offer is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below. $500+: Making It Rain - Invest $500+ and you will get you an additional 5% bonus shares and access to the AquiPor Insider quarterly newsletter. $1,000+: The Big Wave - Invest $1,000+ and receive an additional 10% bonus shares, as well as a sleek AquiPor rain jacket, AquiPor t-shirt, and access to the AquiPor Insider quarterly newsletter. $5,000+: Rocked Like a Hurricane - Invest $5,000+ and receive an additional 20% bonus shares, plus join an exclusive list of AquiPor early-adopters that get preference on our first permeable paver manufacturing runs for their specific residential or light commercial projects. “Hurricane” investors will enjoy an early-adopter product discount and get access to AquiPor’s design and engineering team. Investors will also receive an AquiPor t-shirt, rainjacket, and get access to the AquiPor quarterly newsletter. $15,000+: Poseidon - Invest $15,000+ and receive an additional 25% bonus shares plus join an exclusive list of early visionaries that are helping develop the AquiDrain stormwater system. “Poseidon” level investors that bring their large residential, commercial, or municipal development project to us will join a preferred list of stormwater projects that we’ll address with our engineering, design, manufacturing, and installation partners for the AquiDrain. Installed projects will be featured in our published feasibility studies and marketed to demonstrate AquiPor’s stormwater innovation stack. Poseidon investors also get all of the perks from the preceding levels. *AquiPor will need to have completed manufacturing feasibility and be into pilot production. The size, scope, and total cost of each project will be considered and projects that are deemed unfeasible will be disqualified. AquiDrain projects are best suited for large residential, commercial, or municipal development projects.

Key Deal Facts

AquiPor’s proprietary technology is positioned to revolutionize a market that’s growing to $22B by 2026. Our permeable hardscape material is much stronger than other permeable pavements and it is capable of handling 25 inches of water every hour, (far greater than any 100 year storm event). We have already raised over $1M in funding from industry investors to successfully develop working prototypes..

Use of Proceeds

Woking Capital: 2.5 - 96.5% 

Marketing: 0 - 12.5%

Research & Development: 0 - 23.5% 

Operations: 0 - 10%

Company Employment: 0 - 27.5%

Intellectual Properties: 0 - 20.5% 

StatEngine Platform Fees: 3.5%

Management Team / Advisory Board Bios

Greg Johnson CEO Greg is a committed founder and CEO with experience founding and running early-stage companies. Greg has managed early-stage product development teams, directed fundraising efforts, managed Intellectual Property strategies, and overseen back office operations. He provides both the vision and market expertise to lead AquiPor in helping solve major stormwater issues for cities and developers. Kevin Kunz VP Market Development Kevin is a passionate cofounder with prior startup experience in the stormwater management industry. Kevin brings a great deal of market knowledge and experience to the space and has success developing the market around new stormwater products. Kevin has been responsible for the product and application testing of new building materials, directing engineers on data collection and ASTM testing to develop new product specifications. He also has product sales experience with architects, engineers, and contractors. Today, Kevin serves as V.P. of Market Development for AquiPor. Mark Murphy Advisor Mark brings tremendous experience to the AquiPor advisory board. With over 28 years of management experience in construction and building materials, Mark’s family’s business, CPM Development Corp (Central Pre-Mix), was acquired by Oldcastle Materials (CRH plc) in 1997. After the acquisition, Mark worked as regional president for Oldcastle, managing over 500 employees in 4 companies with over $200M in sales throughout. He also spent 6 years leading a National Performance Team for Oldcastle that drove innovation in concrete mix designs. Today, Mark is an entrepreneur, developer, and investor in various businesses. Michael Ferraro Advisor Mike is a Senior Vice President and Partner at Woodruff Sawyer in the Bay Area of California specializing in the development of D&O Liability programs for companies ranging from rapidly growing startups to Fortune 500 companies. With 20+ years of experience in Management Liability risk mitigation, Mike has negotiated all aspects of both public and private company D&O programs. Mike has experience in both public offerings and acquisitions at various stages. Mike is a member of AquiPor's Advisory Board. John Hertz Advisor John has over 30 years of executive experience working in management roles for Intel, Novellus Systems, and most recently, Clearwater Paper. Most recently, as CFO for Clearwater Paper, a $1.5 Billion (revenue) public company, John established and implemented the company’s financial model and was responsible for two successful public debt offerings. At Novellus Systems, John was key in the company being acquired by Lam Research in 2012. John helped increase operating margin, net profit, and earnings per share in the span of two years as the company’s CFO. John is a member of AquiPor's Advisory Board. Randy Squires Director With over 25 years of executive experience in commercial construction, Randy is the President of Partition Specialties, a leading interior construction company in the Bay Area and Southern California. Under Randy’s leadership, Partition Specialties has grown into a multi-million dollar company specializing in the distribution, installation, and service of architectural specialty products for all of California and parts of Nevada. Randy has a breadth of experience in accounting, finance, and contract administration. Randy is a member of our Board of Directors. David Martin Director David Martin is the former Chief Operating Officer for Valley Hospital in Spokane, WA. Recently retired, David is an adept negotiator with a strong track record of successful contract negotiations as an executive in the insurance and healthcare industries. He has developed self-insured retention programs and handled complex medical malpractice and product liability claims as the Director of Risk Management at Empire Health Services. David brings tremendous experience as an operator and administrator to the AquiPor Board. He also has experience as an early-stage investor in various promising startups. Bob Russell Advisor Former Executive, Freeport Mc Mo Ran. Current AquiPor Advisor. A proven operator with years of experience working for Fortune 500 Companies. Bob brings a breadth of corporate knowledge and ideas to AquiPor. He is a professional engineer with more than four decades of experience in senior management, operating management, mine, and industrial engineering, corporate planning and environmental services. Bob has managed in the respective positions of Vice President and as General Manager two of the world’s largest copper mining and processing operations in Indonesia and Zambia. He also has had success with start-up and scale-up stage mining ventures.

Deal Notes

$1.13 per share

Amount Raised : $734,001
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