During the corresponding time, Eco Building Products, Inc. recorded a revenue increase by 6577.59 % year on year, sequentially revenue grew by 2745.1 %. While revenue at the Eco Building Products, Inc.'s corporate clients
Eco Building Products's Comment on Sales, Marketing and Customers
In January of 2016 Management took steps to narrow its focus to chemical product
development, manufacturing and sales. Effectively re-engineering its entire business
model and closing its treating operations. While Eco’s chemistry can be
applied to many diverse materials, to-date it has purposefully limited its attention
to the various wood preservation markets. The Company views its current targeted
market opportunity in two large sectors: 1) The overall softwood lumber market
for which there has been no cost effective protection chemistry or technology
heretofore and 2) the traditional wood preservation market. We believe Eco Building
Products is uniquely positioned to disrupt both sectors.
Eco Building Products chemistry can be applied to any wood substrate where the
end-user desires protection against the risks associated with mold, wood rot,
termites and fire and hence the market opportunity is extremely large.
The Company recognizes the magnitude of the overall opportunity but has limited
its focus to fencing and wood frame construction used in new single and multi-family
residential; light commercial construction as well as renovation through multiple
channels including wholesale distribution, pro-lumber dealers, large lumber traders
and home centers. The Company sells these channels through licensed Affiliates
that buy and apply its chemistry on a regional and OEM basis.
Eco Red Shield™ can be factory applied to all wood substrates for the entire
super-structure prior to construction, preserving the wood’s structural
integrity, while only adding an estimated 10% to 30% to the cost of building materials.
The Company understands that the traditional wood preservation and or treating
industry currently comprise approximately six to eight percent of the overall
lumber industry. Traditional wood preservation is performed in a cylinder under
pressure or vacuum process. Its limited market penetration is due in large part
to the cost of this process and that it fundamentally degrades the strength of
wood fiber while potentially employing hazardous chemicals. Eco Red Shield is
topically applied, employs no heavy metals, 2B carcinogens, heavy aldehydes or
solvents and does not degrade the strength of wood fiber.
Management has taken steps in 2015 to certify its products by independent third
party. In December 2015, the Company announced that it had obtained Technical
Evaluation Reports (TERs) from DrJ Engineering certifying that its core products
Eco FT™ (Fire Treated), Eco Red Shield AFL ™ (Advanced Framing Lumber)
and Eco Red Shield SP ™ (Sill Plate) are compliant with 2009, 2012 and 2015
versions of the International Building Code and International Residential Code.
DrJ Engineering is an ANSI ISO/IEC 17065 accredited certification body and compliant
with IBC Section 1703.
The Company has benefited from various code approvals allowing Eco Red Shield
to compete with the current wood preservation market and has invested a significant
resources aimed at continually improving the Eco Red Shield product line with
R&D and technical market acceptance. Through the use of independent wood scientists
employed by the company, we have successfully lobbied with the International Code
Commission (ICC) to create an acceptance criteria (AC) defining a market space
in the building codes for a topical borate treatment for wood members. On June
20, 2011 the ICC adopted, by unanimous vote, a new Acceptance Criteria for Liquid
Borate Fungal Decay and Termite-resistant Treatment Applied to Wood Members, AC433-0611-R1.
This acceptance criteria was subsequently updated in June of 2012 to include structural
wood fiber testing and was adopted into the 2012 Uniform Building Code (UBC).
Eco Red Shield successfully achieved building code acceptance as deemed by the
International Code Commission (ICC-ES) meeting the requirements as set forth by
AC433, resulting in the issuance of an Engineering Services Report ESR-3255 on
July 2, 2012.
Eco Building Products’s Comment on Sales, Marketing and Customers
In January of 2016 Management took steps to narrow its focus to chemical product
development, manufacturing and sales. Effectively re-engineering its entire business
model and closing its treating operations. While Eco’s chemistry can be
applied to many diverse materials, to-date it has purposefully limited its attention
to the various wood preservation markets. The Company views its current targeted
market opportunity in two large sectors: 1) The overall softwood lumber market
for which there has been no cost effective protection chemistry or technology
heretofore and 2) the traditional wood preservation market. We believe Eco Building
Products is uniquely positioned to disrupt both sectors.
Eco Building Products chemistry can be applied to any wood substrate where the
end-user desires protection against the risks associated with mold, wood rot,
termites and fire and hence the market opportunity is extremely large.
The Company recognizes the magnitude of the overall opportunity but has limited
its focus to fencing and wood frame construction used in new single and multi-family
residential; light commercial construction as well as renovation through multiple
channels including wholesale distribution, pro-lumber dealers, large lumber traders
and home centers. The Company sells these channels through licensed Affiliates
that buy and apply its chemistry on a regional and OEM basis.
Eco Red Shield™ can be factory applied to all wood substrates for the entire
super-structure prior to construction, preserving the wood’s structural
integrity, while only adding an estimated 10% to 30% to the cost of building materials.
The Company understands that the traditional wood preservation and or treating
industry currently comprise approximately six to eight percent of the overall
lumber industry. Traditional wood preservation is performed in a cylinder under
pressure or vacuum process. Its limited market penetration is due in large part
to the cost of this process and that it fundamentally degrades the strength of
wood fiber while potentially employing hazardous chemicals. Eco Red Shield is
topically applied, employs no heavy metals, 2B carcinogens, heavy aldehydes or
solvents and does not degrade the strength of wood fiber.
Management has taken steps in 2015 to certify its products by independent third
party. In December 2015, the Company announced that it had obtained Technical
Evaluation Reports (TERs) from DrJ Engineering certifying that its core products
Eco FT™ (Fire Treated), Eco Red Shield AFL ™ (Advanced Framing Lumber)
and Eco Red Shield SP ™ (Sill Plate) are compliant with 2009, 2012 and 2015
versions of the International Building Code and International Residential Code.
DrJ Engineering is an ANSI ISO/IEC 17065 accredited certification body and compliant
with IBC Section 1703.
The Company has benefited from various code approvals allowing Eco Red Shield
to compete with the current wood preservation market and has invested a significant
resources aimed at continually improving the Eco Red Shield product line with
R&D and technical market acceptance. Through the use of independent wood scientists
employed by the company, we have successfully lobbied with the International Code
Commission (ICC) to create an acceptance criteria (AC) defining a market space
in the building codes for a topical borate treatment for wood members. On June
20, 2011 the ICC adopted, by unanimous vote, a new Acceptance Criteria for Liquid
Borate Fungal Decay and Termite-resistant Treatment Applied to Wood Members, AC433-0611-R1.
This acceptance criteria was subsequently updated in June of 2012 to include structural
wood fiber testing and was adopted into the 2012 Uniform Building Code (UBC).
Eco Red Shield successfully achieved building code acceptance as deemed by the
International Code Commission (ICC-ES) meeting the requirements as set forth by
AC433, resulting in the issuance of an Engineering Services Report ESR-3255 on
July 2, 2012.
Sources:
Eco Building Products, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Eco Building Products, Inc.’s corporate clients.
For your research, we’ve provided 9 tables on Eco Building Products, Inc. corporate clients.
You can find them in the navigation menu under Customers & Markets.
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