Company Research Report for AMATEC
Company Overview
- Name: AMATEC
- Mission: To innovate the construction industry with eco-friendlier, cheaper, faster built, and stronger houses using High-Density Gypsum.
- Founded: No information is available.
- Key People:
- Mohsen Zehtabchian, COO & Co-founder
- Igor Stavrulov, CEO & Co-founder
- Diana Fisler, PhD - Advisor
- Rex C. Donahey, PE, PhD - Advisor
- Headquarters: New York City
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known For: Creating and pioneering the use of High-Density Gypsum for automated house production.
Products
- High-Density Gypsum
- Description: An innovative construction material designed to be stronger than ordinary concrete through increased density.
- Key Features:
- Hardens within 20-30 minutes.
- Gains strength 10-100 times faster than concrete.
- Allows manufacturing of a house kit in 12-16 hours.
- Eco-friendly and reduces CO2 emissions 3-5 times per square foot compared to traditional materials.
Recent Developments
- Recent Developments:
- Transitioning from 9-year R&D to implementation with expert advisors.
- New Products Launched: No information is available.
- New Features Added: No information is available.
- New Partnerships: Partnership with RBS (AU)
Problems Facing the Industry
- Minimal innovation with traditional materials: Concrete, Wood, Masonry, and Steel.
- Challenges include high prices, declining productivity, material deterioration, use of non-recyclable materials, and lack of solutions for homelessness.
Innovation
- Density Increase: Successfully increased gypsum density by 1.5-2 times, making it competitive with traditional construction materials.
- Benefits:
- Quick manufacturing turnaround and reduced labor costs through automation.
Business Model Snapshot
- Model: Direct-to-Consumer (D2C)
- Strategy: Sell custom-made and ready-to-assemble house kits directly to customers, bypassing traditional slow construction processes.
Major Competitive Advantage
- Reduces manual labor costs significantly in construction.
- Offers higher durability and eco-friendliness compared to traditional materials.
Estimated Growth
- Pilot Project: First demo house built in 2022.
- Forecast:
- 2024: 1 house
- 2025: 20 houses, $5,000k revenue
- 2026: 75 houses, $25,000k revenue
- 2027: 350 houses, $110,000k revenue
Achievements & Milestones
- 9-Year R&D
- Over $500k invested
- $100k in Angel Funding
- Various international recognitions and competition finals
Sustainability & Impact
- Commitment: Partner with entities valuing sustainability.
- Eco-friendly Material: Production of gypsum emits 10 times less CO2 than cement and is fully recyclable.
Characteristics of AMATEC Houses
- Comparison:
- Affordability, Speed, Durability: High scores in comparison to traditional houses.
- High resistance to natural disasters and excellent soundproofing.
Collaborators
- An experienced team of engineers and advisors recognized for their construction and material expertise.
Board of Directors and Advisors
- Team Composition: Leaders and experts in engineering, sustainable technology, and business strategy.
For further inquiries or to join the AMATEC team, please visit the company's website or contact them at their New York City headquarters.
