Capital Raising
OPEN
NXT TEC Ltd
Simply Building Tomorrow
INDUSTRY
Building Technology
RAISING
A$15M
PRE-MONEY VALUATION
A$70.1M
MINIMUM INVESTMENT
A$50,000
Investment Highlights
Company Overview
Products & Services
Transaction Overview
Additional Information
Team
Transaction Summary
NXT TEC Ltd
Raising A$15M
Pre-Money Valuation A$70.1M
Investment Highlights
Innovative Building Technology: A suite of globally patented and proven building system technologies designed to streamline construction processes, enhance sustainability, and reduce costs. These solutions address critical housing issues by delivering fast, affordable, high-quality residential buildings up to four times faster than traditional methods.
Strong Growth Potential: The company’s asset-light business model, focused on IP licensing, project services, and software (NXT® iQ), enables significant global expansion opportunities across major markets, with an advanced software platform further driving future revenue growth. The scalable business model and the Company’s pipeline provide a considerable equity re-rate opportunity.
Sustainable and Efficient Solutions: NXT TEC.’s construction methods reduce emissions, waste, and onsite labour, aligning with increasing demands for sustainable building practices and providing a competitive edge in eco-conscious markets.
Experienced Leadership and Strategic Partnerships: With seasoned industry leaders and partnerships aimed at U.S. market entry, NXT TEC. is positioned to leverage extensive industry experience and market connections for rapid scale-up
Proprietary Technology
NXT TEC. has developed a suite of globally patented and proven technologies (NXT® Technology) that form a superstructure building system (NXT® Building System) integrated with an advanced software platform (NXT® iQ), offering a complete value chain solution for construction.
Strong Market Expansion Plans
With strategic partnerships and plans to enter U.S. market, NXT TEC. aims for substantial growth, through licensees and the implementation of its advanced software platform.
Technology Driven Growth
NXT TEC.’s revenue model focuses on licensing its IP for global scalability, allowing local licensees to deploy the NXT® Building System worldwide across diverse markets, setting new standards in construction speed, affordability, sustainability, and quality, which adhere to relevant regulatory requirements.
Sustainable Solutions
The Company addresses the global housing shortage offering affordable housing, innovative and sustainable construction practices, and rapid deployment of emergency accommodation. The company's turnkey solution aims to reduce construction inefficiencies, delivering between 50% to 75% faster builds times without compromising quality or the environment.
Company Overview
NXT TEC. is an Australian building technology company addressing the global housing shortage through an innovative, sustainable building system. NXT TEC. has developed a suite of globally patented technologies that form a superstructure building solution and integrate with an advanced software platform. This offers a scalable, end-to-end solution for the entire value chain.
NXT TEC. collaborates with licensees worldwide to deploy its state-of-the-art technology that set new standards in construction speed, affordability, sustainability, and quality. As the world prioritises sustainability and urbanisation, the NXT® Technology provides significant economic opportunities to meet the demand for advanced building solutions.
Since 2013, NXT TEC. (and previously NXT Enterprise) has invested significant time, effort and expense in designing, engineering, improving, testing and certifying the individual components of the NXT® Technologies and the NXT® Building System as a whole in accordance with relevant regulatory requirements in Australia and globally, including the National Construction Code (“NCC”) and Building Codes of Australia (“BCA”) requirements, as well as relevant Australian Standards (“AS”) relating to each individual component (e.g. fire resistance, acoustic, thermal, structural, geotechnical and environmental standards).
The Australian Government awarded NXT TEC. with an Accelerating Commercialisation grant in 2017, marking the first award of its kind for a building technologies solution. The Company also received the first Environmental Product Declaration for a hotel globally, utilising its innovative technologies.
NXT TEC. has developed a suite of unique, proprietary, and patent protected building technologies which assemble to form the NXT® Building System.
The sequence reduces material waste, energy consumption and build costs, while delivering high quality, durable and energy efficient homes that can meet any design specification.
Technology Overview
The NXT TEC. suite of patented technologies (NXT® Technologies) assemble together to form a powerful and flexible superstructure building system (NXT® Building System) that integrates with an advanced software platform (NXT® iQ), offering a complete, scalable value chain solution.
Through NXT® Technology, the Company strives to revolutionise construction with efficient, sustainable, and high-quality processes, positioning itself as a leader in shaping the future of global infrastructure development.
Mobile Manufacturing Facility
NXT TEC. has developed a mobile near-site precast and steel manufacturing facility on a 10,000m2 site near a major subdivision in Anketell, Western Australia, to boost housing supply. This facility, which can be relocated and replicated, incorporates advanced automation and manufacturing techniques to enhance the precision and efficiency of producing precast components. By combining just-in-time near-site manufacturing with onsite assembly, it enables the rapid delivery of homes, addressing the pressing need for affordable housing. The controlled environment of the facility ensures reduced material wastage compared to traditional onsite construction methods. At full capacity, it can manufacture three houses per day, revolutionising the construction process.
Solving Important Current Problems
NXT TEC. addresses some of the world’s most critical current problems such as affordable housing and homelessness.
PROBLEMS |
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Affordable housing and homelessness
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Lack of sustainable construction practices
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Emergency Response
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SOLUTIONS |
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Affordable housing in Western Australia as an example to roll out globally
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Lack of sustainable construction practices
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Emergency Response
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Transaction Overview
Terms of Offer
NXT TEC. is raising A$15M on a pre-money valuation of ~A$70M.
NXT TEC. is a public unlisted company that currently has 83,494,392 ordinary shares on issue at a share price of A$0.85, implying a market capitalisation of A$70,970,233.
NXT TEC. is offering a limited number of investors the opportunity to subscribe for new ordinary shares in the Company.
The Company reserves the right to accept any oversubscriptions.
Use of Funds
Advanced Manufacturing Facilities
Mobilisation of advanced mobile manufacturing facilities for large-scale near-site manufacturing of NXT® Technologies in Australia.
Expansion of Projects
Advancing high-value projects to construction stage and business development activities for NXT Projects in Australia.
NXT® iQ
Development of NXT® iQ software platform which requires significant in-house resources for design, development, and testing phases.
IP Portfolio
Ongoing Intellectual Property (IP) protection, management and enhancement for existing technologies and new technologies developed by NXT TEC.'s technical team in Australia and internationally.
Working Capital
The funds will cover administrative expenses, R&D consultants, technical staff recruitment, and marketing expenses.
Capital Raising Fees
A fee of 6% of total funds raised for the successful completion of A$15m capital raising.
Liquidity Event and U.S Focused Growth Strategy
Komodo Capital is engaged to support NXT TEC. with an OTC listing process in the near-term, with plans to upgrade to NASDAQ or NYSE in the future. Komodo Capital representatives have recent experience in the OTC listing process and strong relationships in the U.S. market. The Company will undertake a capital raising in the U.S. for the OTC listing process.
M2i Global Inc, which has a senior executive in common with Komodo Capital, has also recently signed an agency agreement to introduce the NXT® Technologies to its extensive network of potential licensees in the United States to accelerate growth opportunities.
NXT TEC. views the United States as a significant growth market with an established institutional investor base, with a strong understanding of the market that NXT TEC. operates, and attractive peer group trading multiples to underpin valuation.
Previous Funding
Date: Most recent July 2024
Share Price: A$0.85
Major shareholders: include the company’s directors, with approximately 85% of shares held by the executive founding directors.
Products & Services
NXT® Building System
NXT TEC. developed a suite of sophisticated, simple technologies based on existing, proven products that form a building’s superstructure, with no limit on building height.
NXT® Building System revolutionises the building process, removing inefficiencies of traditional construction and providing a complete turnkey solution that can meet any design specification.
With a comprehensive suite of proprietary NXT® Technologies that simply assemble from the foundation up, the NXT® Building System optimises productivity end-to-end to deliver large-scale projects, significantly faster than conventional construction, without compromising quality or the environment.
A Complete Superstructure Building System
NXT® Piling
An advanced screw piling system that provides an efficient alternative to conventional screw piles. NXT® Piling is designed for quick installation with precise vertical alignment, minimal soil disturbance, and an increased load-bearing capacity, making it ideal for supporting the foundations of various structures.
NXT® Wafflepod
NXT® Wafflepod is an innovative void former that reduces the amount of concrete needed for slab construction, especially effective on clay soils. By preventing direct contact between the slab and ground, it improves energy efficiency, reduces build time, and requires less concrete than traditional systems.
NXT® Footing
A prefabricated footing designed to be installed and secured to NXT® Piling, providing a rigid foundation. Assembled onsite from prefabricated layers, it forms a strong base for structures and is the world’s first precast footing developed for the global construction market.
NXT® Column
This prefabricated four-story column extends a structure to virtually unlimited building heights, providing robust support for multi-level buildings.
NXT® Beam
A slim and efficient structural beam that minimises vertical space wastage, allowing for additional building levels without increasing overall building height. At only 250mm high, it offers significant vertical efficiency compared to conventional beams that are up to 900mm high.
NXT® Precast Panel
A high-strength concrete-based panel with an insulating core, the NXT® Precast Panel enhances durability, strength, and energy efficiency. Unlike conventional panels, it requires no additional cladding, making it ideal for structural applications.
NXT® Spacedeck®
The NXT® Spacedeck® is a steel housing structure that incorporates large, hollow balls and concrete to lighten and strengthen floor slabs. By reducing concrete requirements by up to 25 percent, the NXT® Spacedeck® optimises build time and energy consumption., and has been granted design registrations across multiple regions, including Australia, the U.S., and Europe.
NXT® Casting Lock
A mechanical joining technology for connecting concrete slabs and panels without welding. Offering a ductile failure mode for enhanced safety, NXT® Casting Lock provides a simple, high-precision connection method, outperforming conventional casting plates, which fail suddenly.
NXT® Non-Structural Panel
A lightweight, thin panel designed for internal walls, providing superior insulation and eliminating the need for plaster or paint. The 185mm wide panel achieves the highest acoustic rating required for non-loadbearing walls, surpassing conventional systems that are typically 250mm wide.
NXT® Structural Panel
A lightweight panel used for load-bearing internal and external walls, featuring an insulating core. It provides superior strength and thermal performance, suitable for a range of building structures.
NXT® Bathroom Pod
A fully prefabricated, fitted bathroom that can be installed onsite in one piece, saving significant time on projects where bathroom construction often slows progress.
NXT® iQ
An advanced software platform that brings together engineering, architectural modelling and project management to facilitate the building process. The Generative AI and Expert AI systems rapidly interpret and implement NXT® Building System solutions, ensuring swift and accurate application of the technology.
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