Immense, Rapidly Growing Market Demand for NForce-Fiber® Prompts Large Offering
CALGARY, Canada, April 7, 2021- Canadian Greenfield Technologies Corp. (CGT) is proud to announce the offering of full divestiture of its commercialized NForce-Fiber® Technology – the world’s only ASTM/CSA compliant hemp fiber reinforcement for concrete, replacing environmentally problematic and non-sustainable glass and plastic fiber in the multi-billion-dollar concrete construction market.
A truly disruptive technology, NForce-Fiber® was introduced to the market in 2016 on a pilot scale and is fully verified for its high performance as well as enormous, rapidly growing market demand. Such long commercial pilot phases - prior to implementing major production - are common in launching engineered products, especially representing disruptive technologies used in strictly regulated applications, such as concrete construction.
Prior to the commercial pilot phase, the product was extensively lab and field-tested by independent, world-renown experts who, in 2016, established the high performance of NForce-Fiber® on the basis of ASTM / CSA compliance standards. These results were subsequently confirmed in close to a hundred of commercial projects, some of them of quite high profile. Since its launch in 2016, NForce-Fiber® remains the only commercialized, high performance, engineered, hemp-based concrete fiber in the world. It is also, to our best knowledge, the highest value (up to $25/lb, $55/kg), commercialized hemp fiber-based product world-wide, with proven, immense demand in a multi-billion dollar market.
NForce-Fiber® has been proven far superior in performance to plastic and glass fiber in concrete. This performance is driving demand for NForce-Fiber®, successfully replacing plastic and glass fiber in high-value concrete construction; such as architectural/decorative, infrastructure, water resources, special industrial, as well as most shotcrete projects and many others requiring higher concrete integrity.
Currently, the market demand for NForce-Fiber® greatly exceeds the pilot production supply, and the product is therefore constantly sold out. The NForce-Fiber® technology is now completely de-risked and well situated for full-scale commercial production and full commercial entry into the multi-billion dollar concrete fiber market. Hemp straw feedstock for NForce-Fiber® production is plentiful in North America and, likely, everywhere in the hemp space - as few technologies are available for hemp straw utilization in such high value applications as NForce-Fiber® (commanding prices up to 100x higher than prices for conventionally-processed hemp-straw commodities). In our opinion, this will assure priority of access to practically unlimited hemp straw supplies for NForce-Fiber® manufacturers in any foreseeable future – for decades.
Commercial scale NForce-Fiber® manufacturing factories are required to realize full NForce-Fiber® business potential. The US concrete fiber market is currently >$2B annually and projected to grow.
A factory making 1,000,000 lbs/year of NForce-Fiber® could generate ~$25M revenue (requiring a concrete fiber market penetration of only about 1% in the US), with payback in less than 1 year. It is expected that ultimately, about 20 NForce-Fiber® factories will be required in strategic locations in North America and around the world with the ultimate concrete fiber market penetration by NForce-Fiber® reaching about 20%.
Offered Turn-Key Package: Factory & Technology
CGT is offering - to qualified entrepreneurs - the entire NForce-Fiber® Business, in the form of a turn-key business package, consisting of:
- Engineering, construction, commissioning, training and technical support of the FACTORY EQUIPMENT for manufacture of 1,000,000 lbs/year of NForce-Fiber® - anywhere in the world;
- A HempTrain™ Advanced Processing Plant installed upstream of the Factory;
- Full, perpetual, and exclusive technological LICENSE for NForce-Fiber® Business, including manufacture and distribution of NForce-Fiber® products as well as NForce-Fiber® factories world-wide;
- Full and complete TECHNOLOGY TRANSFER of NForce-Fiber® product compositions, formulae, processing regime, production machinery as well as engineering for the NForce-Fiber® factory – all protected by time-unlimited trade secrets.
The entire turn-key NForce-Fiber® Business, described above, is offered for a lump-sum price of USD$9.6M - anywhere in the world; costs of facility, land, and operating expenses are not included.
The new owner of NForce-Fiber® Business will be the full and exclusive producer and supplier of NForce-Fiber® as well as the production factories, world-wide, to the exclusion of any third party as well as CGT. Construction of the NForce-Fiber® factory (including HempTrain™) will take 18-24 months.
NForce-Fiber®, since 2016, remains the only fully commercialized, engineered, hemp-based fiber reinforcement for concrete in the world. The product, selling for up to $25/lb ($55/kg) has been, for 5 years, well-proven in the multi-billion dollar concrete market.
NForce-Fiber® has been successfully used in close to a hundred international commercial projects, public and private, in Canada, US, Europe, South America, Africa and Asia. The product was also specifically requested and successfully used in special projects, such as uranium ore storage in Africa, parts of the bobsled track for the 2022 Olympics in Beijing, and parts of the new LRT line in Toronto.
A precursor feedstock to NForce-Fiber® manufacturing comes from long (up to 36”), intact-strings of structural bast fiber separated from hemp straw by a HempTrain™ Advanced Processing Plant.
Subsequent, post-HempTrain™ processing and manufacturing of NForce-Fiber®, is subject to a number of major technical trade secrets, including the product composition, processing, machinery, and chemical formulae. The Trade secrets are time-unlimited.