Nov 12, 2013 1:27 PM by Faye DeHoff
TUCSON - HJ3 has made it to the final round of the "green" national business awards, the Clean Tech Open Accelerator.
HJ3's advanced composite materials are used to strengthen the world's corroding infrastructure, from bridges and skyscrapers to industrial storage tanks and parking garages. The firm's products minimize landfill waste, energy consumption, emissions, and costs associated with traditional steel repairs or replacement.
Winning the Cleantech Open means access to more than a million dollars in external capital, international recognition and business counsel from some of the top advisors in the world, said Jim Butler, HJ3 President & CEO. Since the competition began, the Cleantech Open has helped raise more than $800 million, enabling 727 clean technology start-ups to launch and grow their companies' industry-transforming ideas and products.
HJ3 was one of 3 finalists from the Rocky Mountain Region qualifier to move forward in the final competition. As a national finalist, the company received $20,000 in cash and in-kind services. Butler and his team will be competing against winners from eight regions around the United States at the Cleantech National Global Forum Wednesday, Nov. 20, and Thursday, Nov. 21, in San Jose, CA. At the two-day competition, the Tucson company's staff will get to meet potential investors and vie for prizes up to $200,000.
"One of the most valuable parts of entering the Cleantech Open has been the mentoring program which has helped refine our business strategy and sharpened our sustainability message to potential investors and clients," Butler said.
The U.S. currently dumps around 140 million tons of steel and concrete into landfills annually, and emits billions of tons of CO2 emissions replacing old worn-out infrastructure. Current estimates to replace the world's decaying infrastructures are $3.6 trillion just for the U.S., and there is currently a spending gap of $1 trillion. Using HJ3's products for repairs could lower those expenses by a projected 60 percent to 90 percent with the added bonus of having a significantly lower impact to the environment.
HJ3's products help avoid both of these issues and save clients millions vs. the costs of traditional repair or replacement and extend the structure's stability by at least 30 years, Butler explained.
HJ3 is a purpose-driven organization offering advanced composite systems and sustainable solutions to strengthen the world's degrading infrastructure. HJ3 manufactures, engineers, and installs advanced composite systems on more than 10,000 successful projects worldwide for a variety of clients, including governments and Fortune 500 companies. The patented carbon fiber composite systems are stronger than steel, lightweight, corrosion resistant, and offer superior chemical, abrasion, temperature, explosion and fire resistance.
For more information about HJ3, visit www.hj3.com <http://www.hj3.com>.
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