Integrity Block, a manufacturer of sustainable building materials, has closed $2.7 million in equity and debt financing, led by Navitas Capital, including a secured lease line from Western Technology Investment (WTI) for capital expenditures related to manufacturing operations.
Integrity Block has emerged from two years of research and development to deliver what it says is the first green replacement for concrete block, designed for structural, architectural and landscape applications. In addition, use of Integrity Block products can generate U.S. Green Building Council LEED credits.
Integrity Block impacts manufacturing, residential and commercial building emissions by focusing on the complete life cycle assessment of building material products. From substantial reduction of embodied energy required to manufacture, to inclusion of pre-consumer recycled material, Integrity Block aims to produce green product alternatives that meet the same exacting testing and performance standards as existing concrete blocks. The products are made from an engineered soil composite using a proprietary manufacturing process.
"The adoption of green building materials will have an immediate and dramatic effect on emissions related to climate change," added Trevor Stout, CEO of Integrity Block. "Replacing existing CMU block with Integrity Block in the U.S. alone would remove 4 billion pounds of CO2 from the atmosphere in a single year."
Integrity Block anticipates products will begin shipping in the Q408.
About Navitas Capital
Navitas Capital provides strategic venture capital for early-stage companies providing green technology solutions for the built environment. By focusing on green building technology solutions with the broader cleantech market, Navitas is uniquely positioned to help entrepreneurs build leading companies in this large sector.
About WTI
Western Technology Investment (WTI) is a leading provider of debt financing to start-up and emerging growth companies. WTI’s strong customer orientation is made possible by the extensive background of our officers and directors in banking, finance, as well as start-up and large company management. Their broad experience is a valuable resource that is frequently utilized by customers. For more information, visit http://www.westerntech.com
About Integrity Block
Integrity Block, a manufacturer of sustainable building materials, provides the first green replacement for concrete block. The company’s mission and values are aligned to deliver products that are environmentally friendly yet meet the same performance standards as existing materials. Integrity Block products offer a seamless concrete block replacement for structural, architectural, and landscape applications that can generate valuable LEED credits.
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