Stormwater runoff pollution is one of the most pervasive environmental issues faced by cities today. Concrete jungles of roads, sidewalks and parking lots block rain from falling naturally back into the ground and funnel pollution into our waterways. AquiPor’s pavement-like material improves on the current hard surfaces that you see in our cities by allowing rain to flow directly through it, while filtering out pollutants and getting water back into the ground naturally.
*The brick shown here is a prototype that is still being developed
As cities have grown, natural landscapes have been replaced by massive amounts of impervious surface area that takes the form of streets, sidewalks, parking lots, and alleyways. Each time it rains, these surfaces contribute overwhelming levels of stormwater runoff. Instead of absorbing into the ground naturally, rainfall hits these surfaces and becomes stormwater runoff that inevitably picks up toxins and pollutants before discharging into ocean bays, lakes, rivers, and streams. Polluted runoff is destroying our waterways and diminishing water quality in cities throughout the U.S.
According to the Natural Resources Defense Council, over 10 Trillion gallons of untreated stormwater and sewage gets discharged into our waterways each year, making stormwater runoff pollution one of the most pervasive environmental issues that cities face today.
This issue is so severe that cities like Baltimore, have begun plans to rip up thousands of acres of concrete and asphalt to help eliminate runoff. And in cities like Los Angeles, billions of gallons of stormwater that could replenish groundwater, instead gets sent as waste to the Pacific ocean.
Continued urbanization, increased average rainfall, and deteriorating urban water infrastructure is only making the problem worse.
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*The brick shown here is a prototype that is still being developed
*Image above are computer generated demo version of how the product will function. Product is still currently under development.
AquiPor’s permeable hard surface material has the strength and durability of concrete, with water-permeability rates that allow large volumes of rainfall to pass through it naturally. AquiPor material functions like a hard surface filter, capable of sifting out harmful pollutants and particulates that are problematic in stormwater. With sub-micron porosity, our material can filter stormwater without clogging from dirt and debris. Stormwater simply permeates through our material and subgrade, returning naturally to the ground below.
Our advanced solution to old-school materials is designed to be as durable as normal concrete, yet permeable enough to handle up to 25 inches of water every hour, helping to eliminate runoff at scale.
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*The brick shown here is a prototype that is still being developed
Over the next 8 years alone, the US is expected to spend $629B on capital expenditures pertaining to water infrastructure.
In a recent survey elected officials in U.S. cities estimated a $32 billion need specifically for stormwater infrastructure.
As more cities adopt Green Infrastructure approaches as part of their stormwater management plans, the projected value of the permeable pavement market is expected to eclipse $22 Billion 2026.
Over the past four years we have been quietly developing material technologies and product solutions that are proving to be far stronger and more permeable than standard permeable pavement materials.
Our portfolio of Intellectual Properties includes exclusive worldwide license rights to three separate process, utility, and design patents. These patent licensing rights represent new manufacturing technologies, as well as new ways to apply AquiPor material in existing cityscapes to achieve large-scale stormwater management.
With R&D nearly complete, we are preparing to enter the first manufacturing phase for our products, which can be produced by existing precast and paver manufacturing facilities.
To date, we have raised over $1M from industry insiders to help us expedite in-depth product and market R&D.
*These images all show different phases of our R&D cycles. Including pilot product manufacturing and cement technology testing.
AquiPor has exclusive worldwide licensing rights to the following US Patents: 9,943,791 (2018), 10,106,463 (October 2018) and 10,486,984 (January 2019). These patented technologies and processes enable us to produce strong, highly permeable hardscape material that is engineered with sub-micron porosity (to resist clogging). The patents also cover the use of AquiPor’s permeable material in an engineered design in public right of way applications, all of which required significant early capital and focused R&D which spanned over 4 years.
In addition to exclusive licenses to the U.S. patents, AquiPor also owns exclusive rights to PCT and National Stage filings of patents pending in key markets throughout the world, including Canada, Mexico, Australia, India, Israel, and the European Union.
AquiPor is continually pursuing new technologies and intellectual properties to expand its innovation stack in stormwater management.
AquiPor has developed more than just a new construction product. We have reason to believe that the characteristics of our material allow it to be applied in new engineered designs to enable large-scale stormwater management in cities, while augmenting existing cityscapes. We are currently in the research and development stage and have manufactured prototypes for our permeable pavers and engineered system designs.
Our last round of funding helped facilitate in-depth R&D, including a series of internal proof-of-concept studies. In these studies, AquiPor material exhibited the capability to consistently filter over 80% of total suspended solids found in stormwater, exceeding the Environmental Protection Agency’s threshold for basic water treatment.
We’ve also established supply, manufacturing, and end-user relationships while developing key insights specific to our markets. We feel poised to capitalize on the opportunity in front of us.
Our highly adaptable and widely applicable Intellectual Property rights allow us to be equally flexible in our business model — through two main revenue streams:
Licensing
AquiPor is bolstered by intellectual properties that provide security and stability for future growth. As part of our growth plan, we intend to sub-license our technology to existing paver manufacturers, allowing them to manufacture new products using AquiPor technology. We estimate earning royalties on each unit produced and believe our technology will be rapidly adopted. The concrete paver market has well-established distribution channels and we see this being a robust business for us as we establish key channel partnerships in the industry.
Engineering, Procurement, Construction, Management (E.P.C.M.) Contracting
While the licensing model shows great promise for our Company, we are also developing a business model in which AquiPor serves as a specialty contractor on large municipal and private stormwater projects. We anticipate tapping into vast sums of capital that are projected to be poured into water-focused infrastructure projects in the coming years.
As an Engineering, Procurement, Construction, Management contractor, we will oversee the manufacturing, engineering, and construction of professionally designed “AquiDrain” systems in the public right-of-way, which is engineered and designed with our materials. We will garner a royalty for the management of each project. This horizontally integrated E.P.C.M. (Engineering, Procurement, Construction, Management) model is not currently employed in any meaningful way in the stormwater market and we see huge potential in this model. With nearly 1,000,000 miles of urban arterials in the U.S., we see tremendous potential for this model on large stormwater projects and we have activated large-scale supply relationships to satisfy expected demand.
People have tried for years to create a permeable pavement that can stand up to the wear and tear of cities and still filter stormwater cleanly back to nature. AquiPor’s innovative material represents a technology change event in permeable pavements. Unlike past attempts at permeable construction materials, we believe our technology is capable of scaling in revolutionary ways that will offer an efficient and environmentally conscious approach to water management. AquiPor is positioned to take the industry by storm.
*The brick shown here is a prototype that is still being developed
Through intense R&D cycles, AquiPor has been able to create a new technology and process for producing permeable pavement material that greatly exceeds the performance characteristics of existing solutions. Our aim from day 1 has been to develop an industry-defining product that can help solve the stormwater issues that are so prevalent in our cities. Our technologies are proving to be innovative “firsts” in construction materials.
Effectively managing stormwater is the key to improving water quality in US cities. As cities turn to new approaches like green stormwater infrastructure, a massive market opportunity has emerged that is yet to be addressed at any meaningful scale — because the technology and approach hasn’t existed to make this possible...until now.
We are focused on bringing our green technology to cities all over the country in an effort to become the premier solution in on-site stormwater management.
We believe that we have the technology, the people, and the momentum to solve a real-world problem surrounding clean water.
We are asking you to join the AquiPor team on our mission to help bring infrastructure into the 21st century. Water is one of the most valuable natural resources in the world. The challenges presented by urbanization, climate change, and dilapidated infrastructure are stressing our clean waterways like never before. The challenge is great, but, the opportunity to make a difference is equally large.
Come along with us as we bring our proprietary technology to market in an effort to reshape the way we think about urban water management.
AquiPor’s founders, advisers, and early investors form a team of gritty entrepreneurs and industry professionals that represent leadership in construction management, building materials, heavy civil contracting, mining, finance, and stormwater infrastructure. We believe we have assembled a team perfectly fitted to our mission of bringing scalable water management solutions to cities around the country.
Company | : | AquiPor Technologies, Inc. |
Corporate Address | : | 4118 E. 33rd Ave., Spokane, WA 99223 |
Offering Minimum | : | $9,999.37 |
Offering Maximum | : | $1,069,999.26 |
Minimum Investment Amount(per investor) | : | $249.73 |
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 8,849 |
Maximum Number of Shares Offered | : | 946,902 |
Price per Share | : | $1.13 |
Pre-Money Valuation | : | $19,440,721.14 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
COVID Relief
This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary regulatory COVID-19 relief set out in Regulation Crowdfunding §227.201(z).
Expedited closing sooner than 21 days
Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and August 31, 2020, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).
Voting Rights of Securities sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives and Bonuses*
Time-Based:
Lead Investor Bonus
Invest within the first 72 hours and receive an additional 25% bonus shares. This is the best time to invest!
Super Early Investor Bonus
Invest within the first week and receive 20% bonus shares.
Early Investor Bonus
Invest within the first two weeks and receive 15% bonus shares.
Amount-Based:
$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.
The 10% Bonus for StartEngine Shareholders
AquiPor Technologies, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.13 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $113. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
*All perks occur when the offering is completed.
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Our very own co-founder and V.P. of Market Development, Kevin Kunz, was recently interviewed by FreightWaves! FreightWaves provides supply chain organizations with fundamental data and context that help benchmark, analyze, monitor pricing and risks in the $9.6 Trillion global logistics industry.
On the heels of extreme flooding disrupting logistics in parts of the country, Kevin spoke about the importance of innovative green infrastructure for flood mitigation and stormwater management. As Tyler Cole, director of carbon intelligence at FreightWaves stated, “It’s refreshing to see that new, innovative solutions for replacing crumbling infrastructure are electing to focus on environmental upgrades alongside functionality. The hype around electrification and reducing emissions can at times overshadow other crucial areas of impact, such as efficient and safe water systems or gender equality. We need more firms like AquiPor to identify, develop and scale climate solutions.”
You can check out the article in its entirety here.
Kevin Kunz - Cofounder and V.P. of Market Development
As our first Regulation Crowdfund officially wraps up, the entire AquiPor team would like to thank all of our new investors and campaign followers. You are making progress possible.As we launched this campaign at the height of uncertainty in May, we felt strongly about moving ahead with our business plan and giving everyday investors the chance to be a part of our ambitious mission.
We are glad we made that decision. We have a lot of work ahead of us but we couldn't be more excited to roll our sleeves up and get to it. As this update goes out, we are working toward a deal to secure new technology rights, scoping the viability of a first major project on the West Coast, and planning a larger financing round for sometime in 2021.
The market opportunity in front of us is tremendous and we vow to remain strategic and methodical as we build our business. We'll be sure to keep all of our shareholders in the loop via quarterly newsletter updates. In the meantime, please give us a follow on our social media pages (Instagram, Facebook, Twitter, and LinkedIn). Again, thank you! Now let's do this!!!
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, AquiPor Technologies, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in AquiPor Technologies, Inc. be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the AquiPor Technologies, Inc. offering. Here's an excerpt describing the specifics of the change:
Extended length of campaign.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, AquiPor Technologies, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in AquiPor Technologies, Inc. be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Greetings AquiPor shareholders and followers! This week we celebrate an important milestone in our Regulation Crowdfund offering. Thanks to your support, we’ve now raised over $500,000 in our crowdfund and the momentum continues to go strong. There are subtle, yet major inflection points taking shape in urban water management today. As cities grapple with aging infrastructure and unpredictable weather, the emphasis on green infrastructure has never been greater. And this is only the beginning. At AquiPor, we’ve been very intent on making sure we’re well positioned to address our large market opportunity. This has required a patient approach in technology development, sound intellectual property strategy, engaging the right value chain partners, and finally, raising capital in a way that is conducive to our vision and business plan. Thanks to all of our investors, we’re getting there! We’re working on some promising business developments, so be sure to stay tuned for future updates. To the Future!
Cheers!
At AquiPor we believe that current assumptions about the products and markets that make up the stormwater industry will not be the same in the future. The status quo no longer works.
With this in mind, we have been developing our technology toolkit with the future of Green Infrastructure in mind. Taking the best aspects of permeable pavement while eliminating the disadvantages of existing technologies, we are imagining a new approach to stormwater management that can take place right along the edge of city streets and sidewalks.
It feels like our timing is right. With the Water Infrastructure and Improvement Act recently being signed into law, cities are starting to use integrated planning to meet guidelines under the Clean Water Act. Barely in its infancy, integrated planning incentivizes cities to prioritize funding where it is needed most for water resiliency. Naturally, cities are more readily adopting green infrastructure in lieu of traditional gray infrastructure. We anticipate that the rate and scale of green infrastructure can grow exponentially with the right innovation. Put simply, this is shaping up to be a big market driver for our technology as a "next generation" green infrastructure solution.
We have work to do, but we’re excited to do it. Thank you for your continued support and stay tuned!
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, AquiPor Technologies, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in AquiPor Technologies, Inc. be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
At AquiPor we’re working with industry leaders in building materials, civil construction, and engineering to help launch our innovative technology and reach the markets that need our solutions. Believing strongly in the potential of our technology, we know that the best form of validation comes from the industries we seek to serve. While developing our business model and go-to-market strategies, we’ve also been lining up the value chain partners and market players that have a vested interest in seeing AquiPor succeed. Check out this short video from one of our valued strategic stakeholders.
Welcome aboard to all of our new investors and a big thank you to all of our investors that have helped us reach the $250,000 milestone in this equity crowdfund! As we eclipse $250K raised, the industry is starting to take notice. Over the past week, we have connected with a product manufacturer (and possible licensee), environmental engineers, and private developers who've expressed interest in working together as we launch our technology. We even had the chance to connect with a New York Times best-selling author who covers concrete and the environment and is now following our progress. All this to say, AquiPor is starting to gain some serious momentum. Keep spreading the word! We thank you all and will be in touch soon to report on our continued progress!
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