The Sumas Regional Consortium for High Tech (SRCTec) is a not-for-profit organization governed by a select group of technology executives that form a volunteer board of directors. SRCTec is a coalition of local government, industry partners and high education institutions interested in attracting tech based investment into the “Region” (including the District of Mission, City of Abbotsford and Chilliwack, the Township of Langley and the City of Maple Ridge).
MISSION – MOXY OID Technology Management Ltd. (MOXY) is a Fraser Valley start-up that has developed a proprietary building material they have branded as CERLOS. Made primarily from Lignocellulose Fibre, CERLOS solves numerous problems of current building materials for the construction industry such as water, fire, mold and termite damage. Having spent the past 18 years and $20 million in research and development, CERLOS is now ready for commercial production.
Led by the impressive duo of Robert Bedard and Alan Heywood, and with the help of SRCTec, MOXY is beginning to explore numerous funding options in the Region, including what would be the region’s first Initial Token Offering (ITO). Following the cryptocurrency craze of 2017, ITO’s have emerged as an effective tool to raise capital.
Upon completion of the manufacturing plant, MOXY’s first product launch will be CERLOS Siding, directly competing with fiber cement followed by CERLOS Roof Tiles that can be made to look like slate and cedar shake but at a fraction of the cost.
Raymond Szabada, CEO & Chairman SRCTec, noted: “Upon evaluation of Robert and his company, it was evident that he had a clear vision for where the company was headed. SRCTec supported MOXY by providing guidance for Robert in terms of funding options and will continue to support the company as they work to penetrate the building materials market.”
About MOXY OID Technology Management Ltd.
Bedard and Heywood began an extensive research and development process for CERLOS building materials in 2000, attempting to solve major problems: The costs of building supplies are steadily increasing along with the quantity and cost of fire and water damage. Fast forward to today and you have CERLOS building materials priced lower than most commonly used building materials and featuring a variety of benefits including: Fire resistance with a Class A fire rating, insect, rodent and bird resistance, water stability resulting in no shrinking or swelling, and mold resistance. In addition to these various features, CERLOS is 100% environmentally responsible, sustainable and produces zero waste throughout the manufacturing process. In addition, at the end of the product lifecycle, CERLOS can be 100% recycled to make new CERLOS products.
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