KUALA LUMPUR, Sept 3 (Bernama) -- XMaterials (XMAT) will scale its AI- and machine learning-powered factory automation process for mixing and setting customizable, environmentally friendly and enhanced building materials through a securities token offering (STO), begin in Q4 2018.
To meet the supply and demand gap for its enhanced building materials, XMAT has decided to decentralize its technology -- for other building and construction companies who wish to enhance their products can become XMAT franchisees.
XMAT in a statement said it will aggregate and analyze the production data collected from all of its franchises in order to improve its recipes and processes.
Additionally, all XMAT token holders will be able to purchase the technology stack and franchise rights at a 25 per cent discount and receive at least 15 per cent of all profits derived from the royalties XMAT receives from franchises.
Ultimately, XMAT aims to disrupt the $600 building materials industry and revolutionize the way cities, roads and homes are built.
XMAT’s parent company, Intellihouse, developed patent-pending AI- and machine learning-driven technology for geolocating and aggregating building materials, including waste materials; mixing and setting the ingredients on a molecular level into a custom end product, depending on the specifications of the factory; and analyzing the production data to iteratively improve subsequent batches.
The technology and its resultant eco-friendly, faster-setting and more durable forms of concrete, granite, marble and ceramics have already generated $2 million in revenue in XMAT’s first year of business.
More details at www.xmat.io
--BERNAMA
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