NanoTech Materials, Inc. Expands Texas Operations to Meet Increased Demand for Energy-Efficient Building Materials

Rhea-AI Summary

NanoTech Materials, Inc. expands its Texas operations by 340% to meet the increased demand for energy-efficient building materials. The company moves into a new 42,545-square-foot facility in Houston to produce Cool Roof Coat, with the capacity to cover over 55 million square feet annually. NanoTech outgrew its initial space at Halliburton Labs and now has a larger facility to support production and research. The company's ICP™ technology aims to reduce energy consumption, carbon emissions, and operating costs in various applications.

Positive

• NanoTech Materials, Inc. expands operations by 340% to meet demand for energy-efficient materials.
• New 42,545-square-foot facility in Houston can produce Cool Roof Coat for 55 million square feet annually.
• NanoTech outgrew initial space at Halliburton Labs and now has a larger facility for production and research.
• ICP™ technology aims to reduce energy consumption, carbon emissions, and operating costs in various applications.

Negative

• None.

Insights

Energy Sector Analyst

The operational expansion of NanoTech Materials, Inc. within the Houston area indicates an upswing in demand for energy-efficient materials, specifically their Cool Roof Coat. The increase in facility size by 340% showcases not only a commitment to scale production but also to leverage Houston's strategic position for talent acquisition and logistics – advantages that could potentially translate to augmented market share in the sustainable materials sector.

An increase in production capacity to cover over 55 million square feet annually is an ambitious target that, if reached, could signify a substantial increase in NanoTech's revenue streams. Anticipating an increased workforce is an indicator of growth, but also presents challenges in maintaining company culture and quality standards during rapid expansion. Investors should observe how the ISO 9001 certification will play a role in standardizing processes and ensuring quality as operations scale.

Sustainability Consultant

NanoTech's ICP™ technology is at the nexus of material science and sustainability, addressing critical climate change concerns by improving energy efficiency. Transition to cooler building materials such as the Cool Roof Coat is a tangible step toward reducing urban heat islands and consequent energy consumption for cooling. The new facility's increased capacity to produce these innovative materials suggests that NanoTech is positioning itself at the forefront of the sustainable building materials market, which is aligned with evolving environmental regulations and green building practices.

Furthermore, the company's collaboration with Halliburton Labs reinforces its innovative stance and commitment to sustainable solutions. However, the proof of its long-term viability and market adoption lies in the performance and cost-effectiveness of the ICP™ technology when deployed at scale. Stakeholders should also consider the lifecycle environmental impact of these new materials, assessing not just operational energy savings but the full cradle-to-grave analysis to ensure a net-positive environmental contribution.

Market Research Analyst

Considering the global push for energy efficiency and sustainability, NanoTech's expansion is timely. It's important to note that while their product aligns with Department of Energy goals, the success of this expansion relies heavily on market reception and the competitive landscape of energy-efficient materials. With an already established approval from the International Code Council and Cool Roof Council, NanoTech appears to be strategically positioned to capitalize on regulatory trends favoring sustainable materials.

Investors should monitor customer response to the scaling of ICP™ technology, particularly in the commercial sector, where the demand for energy-efficient materials is growing. Additionally, the potential for broad application of NanoTech's suite of products across various market segments—from fireproofing paint to specialized ceramics—could diversify revenue streams and mitigate risks associated with market fluctuations. The company's ability to balance innovation with cost-effective solutions will likely play a critical role in its market penetration and overall financial performance.

Coatings startup expands its footprint by 340% for Insulative Ceramic Particle (ICP™) technology manufacturing and operations with new Houston facility.

HOUSTON--(BUSINESS WIRE)-- According to the Department of Energy, increasing energy costs and escalating climate change concerns require material science solutions that perform multiple functions. Delivering on this need, NanoTech Materials, Inc. ("NanoTech"), a leading provider of climate-resilient materials, today announced the Company's move into a 42,545-square-foot facility in the greater Houston area. In a transaction arranged by Partners Real Estate (“Partners”) — one of ​​the largest privately-held and independently-owned full-service commercial real estate firms in the U.S.— the expansion marks a pivotal milestone for the Company as it continues to experience strong customer demand for its Cool Roof Coat. The new facility has the capacity to produce enough coating material to cover over 55 million square feet annually.

The new facility will support manufacturing capabilities as NanoTech Materials continues to experience strong customer demand for its Cool Roof Coat. (Photo: Business Wire)

At a ribbon-cutting ceremony in Katy, Texas, on Wednesday, April 10, NanoTech was honored to welcome representatives from Partners, including Michael Keegan, Dan Boyles, Andrew Laycock, and Brent Bishop, who represented NanoTech in its expansion, alongside customers, investors, community stakeholders, and other Houston business leaders to commemorate the event.

“As a diversified commercial real estate services and investments firm, one of our primary objectives is to not only provide our clients with industry-leading knowledge and unparalleled dedication to uncovering their ideal location but to work with people and companies that create value. NanoTech certainly fits into that category,” said Michael Keegan, Partner in the Industrial Services Division at Partners. “I think Mike and his team are onto something truly new and valuable. NanoTech is growing rapidly, and so we were delighted to help them find the space that will accommodate their next phase of growth.”

After three years, NanoTech outgrew its initial home and incubation space at Halliburton Labs, which is located at Halliburton’s global headquarters in Houston. The new facility includes four times the production floor area and more than double the office space to support increased production capacity and accommodate the expansion of research and development, as well as customer engagement programs. The central location of the new campus will shorten commutes for many NanoTech employees and significantly expand recruitment opportunities for local talent. The facility currently houses approximately twenty employees, with hiring ramping up throughout 2024.

“Halliburton Labs has cultivated a unique ecosystem that enables innovative startups, such as NanoTech Materials, to use their time and capital efficiently while establishing market traction and scale operations,” said Dale Winger, Halliburton Labs’ managing director. “We are excited for NanoTech’s momentum as it propels to the next growth stage.”

Built on novel discoveries in climate-resilient material science, NanoTech has developed its novel ICP™ to impart uncommon heat-control properties to common built-environment products, including conventional coatings, building materials, and substrates. On a mission to create a more resilient, safe, and energy-efficient built environment, wherever heat is concerned, the ICP™ technology offers unprecedented value by significantly decreasing the energy consumption required for cooling structures and reducing carbon emissions and operating costs. NanoTech products include heat-rejecting roof coatings for buildings, heat-containment fireproofing paint to protect critical infrastructure from wildfires, and specialized ceramics to contain extreme heat in industrial applications. The company is approved by the International Code Council and Cool Roof Council and recently secured its ISO 9001 certification.

“As we transition to our new facility in Katy, our vision extends beyond physical expansion; it underscores our commitment to a sustainable future," said Mike Francis, co-founder and CEO of NanoTech Materials, Inc. "At NanoTech, we're not just creating advanced materials; we're scaling technology that enhances energy efficiency, reduces CO2 emissions, and offers fireproofing solutions to safeguard lives and infrastructure. Our journey from a small two-car garage to this cutting-edge facility isn't just about NanoTech; it's a testament to the growing Houston innovation ecosystem, facilitating the growth of businesses like ours.”

Supported by a diverse group of investors, including three institutional, two corporate-strategic, and seven family office investors alongside initial investors Ecliptic Capital, NanoTech remains committed to its key growth initiatives, including installation support across all 50 states. With trusted installation partners like CleverCoat, Harness Roofing, RB Hash Royal Coatings, Wolkow Braker, and more, NanoTech continues to strengthen its nationwide network of installers and distributors. The Company recently announced one such partnership with Tesson Roofing to bring the NanoTech Cool Roof Coat to Arizona to drastically cut indoor temperatures for owners of large-roof commercial and industrial structures.

To learn how NanoTech creates a more resilient, safe, and energy-efficient built environment, please visit https://nanotechmaterials.com.

About NanoTech Materials, Inc

NanoTech Materials, Inc. has revolutionized the science of heat control by integrating its novel heat control product into common building materials, coatings, and substrates to give them uncommon thermal conservation, rejection, or containment properties. Built on a proven innovation in the hard sciences, the Company is positioned at the intersection of high-impact sustainability, simplicity, and unprecedented value. NanoTech products include heat-rejecting roof coatings for buildings and automotive applications, fireproofing paint used to protect critical infrastructure from wildfires, and specialized ceramics to contain heat in industrial applications. For the built environment, NanoTech delivers a step-function decrease in the energy required to cool structures, resulting in an equally drastic reduction in the carbon emissions and operating costs of buildings. The Company’s first-to-market product, NanoTech Cool Roof Coat, has redefined thermal efficiency for buildings by combining unusually low conductivity and high emissivity with reflectivity to keep rooftop heat out, even as soiling and latent heat transfer undermines conventional cool roof systems. To discover what is possible in the physical world when you can control heat, please visit www.nanotechmaterials.com or call (888) 296-6266 to start the conversation.

About Partners

Partners is one of the largest privately-held and independently-owned full-service commercial real estate firms in the U.S. Partners was founded and is headquartered in Houston and has offices in every major metro area in Texas as well as key geographies in the Southeastern United States; employs more than 250 real estate professionals; and arranges more transactions than any of its competitors, completing nearly 1,000 commercial lease and sale arrangements every year. Partners is a full-service commercial real estate firm providing client solutions via its services business for Office, Industrial, Retail, Land, Life Sciences, and Multifamily product types across Brokerage Services, which includes Tenant Representation, Investment Sales, and Land Sales; Investor Services, which includes Property Management, Project Leasing, Project Management, and Facilities Management; Valuation Services, which includes Valuation & Advisory, Litigation & Expert Witness Testimony, Property Tax Consulting, and Institutional Fund Valuation; and Project Services, which includes Construction Management and Space Management; and creating value for its investors through its Investments line of business, which includes its Partners Capital investment management platform specializing in the acquisition and disposition of office, industrial, and retail multitenant properties via multiple investment funds; Partners Development, which focuses on creating first-class development projects for our investors; and Partners Finance, which operates as a registered broker dealer offering real estate investment opportunities through qualified and experienced commercial real estate sponsors. Partners is the top Houston-based full-service commercial real estate firm on the Inc. 5000 list of fastest-growing private companies in America; the 3rd-largest Houston-Area Commercial Real Estate Brokerage and #1 Mover of Square Feet among leasing and sales brokerages in Houston; the only commercial real estate firm on the Houston Business Journal’s (HBJ) MidMarket 50 list; and ranks among the largest brokerages in every city we have an office location in. Partners also carry the unique dual designation of being recognized as the #1 company in Houston across all industries per the HBJ’s Best Places to Work (BPTW) competition and the #1 company in the Houston Chronicle’s Top Workplaces ranking. Visit us on the web at www.partnersrealestate.com

About Halliburton Labs

Halliburton Labs is a collaborative environment where entrepreneurs, academics, investors, and experienced practitioners advance the future of energy faster. Halliburton Labs provides access to world-class facilities, a global business network, commercialization expertise, and financing opportunities to help participants scale their business. Visit the company’s website at www.halliburtonlabs.com. Connect with Halliburton Labs on LinkedIn and Instagram. Halliburton Labs is a wholly owned subsidiary of Halliburton Company (NYSE: HAL).

View source version on businesswire.com: https://www.businesswire.com/news/home/20240415296049/en/

Technica Communications

Caitlan Caviness

nanotech@technica.inc

Source: NanoTech Materials, Inc.

FAQ

What is NanoTech Materials, Inc. expanding in Texas?

NanoTech Materials, Inc. is expanding its operations by 340% to meet the increased demand for energy-efficient building materials.

Where is NanoTech Materials, Inc. moving into a new facility?

NanoTech Materials, Inc. is moving into a 42,545-square-foot facility in the greater Houston area.

What is the capacity of the new facility in Houston?

The new facility in Houston has the capacity to produce enough coating material to cover over 55 million square feet annually.

What technology does NanoTech Materials, Inc. use to reduce energy consumption?

NanoTech Materials, Inc. uses its ICP™ technology to reduce energy consumption, carbon emissions, and operating costs in various applications.