COBOURG, ON, Feb. 7 /CNW/ - On the heel of announcing its recent merger
with Apex(TM) Construction Systems (Apex), Arxx(R) Building Products (Arxx)
announced today that the combined company has successfully completed a
CAD$16 million Series B financing. The round was led by clean technology
venture capital firms, Nth Power (www.nthpower.com) and Emerald Technology
Ventures (www.emerald-ventures.com), and existing investor Element Partners
(www.dfjelement.com). The three firms invested in Arxx based on its vision of
becoming an unmatched leader in the green building materials arena. Arxx and
Apex have a broad and deep product suite of energy-efficient structural wall
systems and related products that will promote sustainable building practices
and decrease the carbon footprint of residential and commercial buildings.
"We believe that one of the most exciting growth areas in the coming
years in the clean energy sector will come from the green building segment",
says Bryant J. Tong, managing director, Nth Power, "And we view Arxx as the
pre-eminent leader in this arena".
"This is a very exciting for the entire company", said Frank O'Dea, CEO
of Arxx, "Arxx, the leader in energy-efficient Insulated Concrete Form (ICF)
products, will now be able to fulfill its goal of providing bottom-to-top
green building systems for residential, commercial and institutional
"We are ready to aggressively market our solutions in North America and
worldwide", states Robert Coveney, Vice President, Sales and Marketing for
Arxx, "Our sales team is ready to work closely with our customers to meet the
increasing demand for sustainable and energy-efficient building solutions."
For further information:
For further information: visit www.arxxbuild.com, or www.apexblock.com,
or contact Gloria Tuck, Director of Marketing, Arxx Building Products, at
1-800-293-3210, ext. 235, or email: email@example.com.