necoTECH

necoTECH

Creating sustainable infrastructure using recycled waste materials

Security Type
CAFES
Categories
Hardware, Technology, Infrastructure, Sustainability, Engineering, Construction
Min Investment
$100
Location
Delaware, OH
Expected Close Date
April 30, 2023
Amount Raised
$185,560
Target Raise
$50K-$1M
No. Investors
139
Security Price
$1

Company Description

necoTECH drives sustainable infrastructure with better and more eco-friendly materials and advanced equipment technology. Sustainability is a hot topic that no one can ignore, and the market will continue to grow because we have a dire need to develop renewable, sustainable solutions. To capture a fair share of this large and growing market, necoTECH is systematically developing a business model that works. 

Use of Proceeds

Approximately 20% towards further R & D of technologies (matched with Gov't research contracts), 60% towards hiring and operations, 13.5% Marketing for tradeshows and travel to Air Force facilities 6.5% Wefunder fees.

Key Deal Facts

Products are proven in military applications and have been awarded 6 Air Force Contracts!
We have Research & Development Agreements with NASA, U.S. Air Force, & U.S. Army Corps of Engineers.
Licensed 4 patents from the national labs including USACE, AFCEC, & NASA.
4 technologies selected in the Top 30 for U.S. Air Force Pavement Maintenance & Repair!
Working on a vertically integrated solution to divert over 90% of waste from landfills.
We're 1 of 2 companies selected in the US to test Recycled Plastic Asphalt by NCAT.
Multiple national partners in order to scale technologies across the US.
Currently have 7 technologies that utilize waste materials, sequester CO2, & improve performance.

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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