X-Frame Australia Pty Ltd has successfully completed raising its maiden capital of $485,000 via the Innovyz Circular Economy investors. This raise will enable the company to capitalise on strong client interest and opportunities. Source: Timberbiz
X-Frame was developed by Ged Finch at Victoria University in Wellington and commercialised in conjunction with Innovyz, a commercialisation specialist, KiwiNet, Wellington UniVentures, and through a Circular Economy focused commercialisation program run in 2020 by Green Industries South Australia.
It is based on a vision to create a modern lightweight timber frame construction system that achieves circularity.
X-Frame uses 25% less material than standard timber wall framing, is carbon negative and rapidly recoverable. It’s ambition to eliminate end-of-life construction waste by making possible material recovery and reuse.
Constructed from CNC (computer numerical control) machined plywood, the X-Frame system comprises 12 core components. Key benefits of the system include:
- Reconfigurable and adaptable in place.
- Simple in its design and construction.
- Fast and modular.
Funds raised will assist to progress design and development across multiple applications, grow strategic partnerships, secure a pipeline of projects and generate ongoing revenue. It is anticipated that following this capital raise, X-Frame will be cashflow positive within 12 months.
“X-Frame’s progress has been rapid; our initial focus has been on developing design tools, building and testing the system, forming strategic partnerships, and developing online platforms that will facilitate the seamless use of X-Frame from design to construction” said X-Frame General Manager, Carsten Dethlefsen.
“Funds raised will be utilized to further develop X-Frame’s product suite and the online platform needed to take these products to market.
“X-Frame™ continues to receive strong interest from a broad client base. We will now be able to captialise on this interest to meet client demands across commercial office and modular building requirements.”
