International Composite Piping Options on Wefunder 2022

Analytics

Raised to Date:
Raised:

$264,734

Safety Sort

Fairness – Most well-liked

Pre-Cash Valuation

$100,000,000

Reporting Date

12/14/2022

Probability of Max

Momentum

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Location

The Woodlands, Texas

Business

Power, Energy, & Pure Sources

International Composite Piping Options, with a valuation of $100 million, is elevating funds on Wefunder. The corporate has developed its patented giant diameter, high-pressure pipelines. The modern thermoplastic composite pipe know-how of International Composite Piping Options reduces weight and will increase stress capabilities of pipes and can spark new growth alternatives throughout a wide range of markets. International Composite Piping Options has signed an LOI for a $150 million worldwide pipeline challenge. Douglas Jones and Terry Shafer based International Composite Piping Options in April 2022. The present crowdfunding marketing campaign has a minimal goal of $100,000 and a most goal of $5 million. The marketing campaign proceeds will likely be used for basic working bills and accounts payable.

Abstract Revenue and Loss Assertion

Income	$0	$0
COGS	$0	$0
Tax	$0	$0
Web Revenue	$-408,514	$0

Abstract Steadiness Sheet

Money	$500	$0
Accounts Receivable	$0	$0
Whole Property	$500	$0
Brief-Time period Debt	$408,514	$0
Lengthy-Time period Debt	$0	$0
Whole Liabilities	$408,514	$0

Financials as of: 09/12/2022

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International Composite Piping Options’ large-diameter thermoplastic pipes are made by fusing collectively a number of layers of powerful and corrosion-resistant supplies. These pipes could possibly be a pure successor to concrete pipelines. They’re lighter… simpler to put in… and provide a lot decrease upfront and upkeep prices whereas nonetheless having the ability to maintain excessive stress.

A whole lot of concrete pipelines within the US (and 1000’s globally) that have been initially laid down a long time in the past are actually affected by extreme corrosion and severe leaks. They must be changed.

The issue has turn out to be so intensive that the American Water Works Affiliation (AWWA) calls our present interval “The Substitute Period.”

The issue is actual, giant, and looming. And GPCS has an ideal answer.

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