Light Guage Steel Certifications Active
As Project Manager for US operations I am following the traditional new venture path with a twist. Working from a 2023 plan for a LGSF manufacturing operation which centered around large $40M investment in equipment and facilities, I have focused on a commercial launch leveraging existing relationships, and a goal of reducing the capital requirement for start up operations.
Todate, the following has been accomplished:
In parrnership with TechnoSteel in Rhode Island, begining Sept 2nd Phoenix MBS has secured capacity and begun to introduce the product into development project negotiations
Light Guage Steel modular product and design services has started, currently Phoenix MBS has four modular projects that have LGSF requirements with a projected value of $22M to $27M
I have secured factory space in Rhode island to support modular assembly for projects within the North East, and a commitment for new pridtcion line space and modular assembly in Texas to serve the Southern region.
Vertical construction purchase agreements now have access to bank financing in both Rhode Island (which has an existing bank relationship) and in Texas through our developer partner Tariq Zaka.
Light Guage Steel Certifications Active
September Planned Steps
Formally establish the SteelX US operation with the authority to approve/sign contracts.
Finalize a white label production agreement with TechnoSteel to enable promotion o the brand to clients in the US.
Develop first formal quotation for product for delivery to client by Mid September with proof of production capability..
Preprare commercial plan and projections for LGSF to support a reveue goal of +$20M, and a capiatl pool to fund first production expansion.
Develop an interactive digital presentation of LGSF product in conjunction with planned opening of engineering/CAD operations in October.
Introduce the LGSF and mpoodular capabilities toa client with a larger backlog of build requirements potentially filling production for three years.
US operations are currently under Phoenix MBS, Inc., Nevada registered and with an EIN number 39-2503972. This is a C Corporation structured to support several subordinate business divisions and has an active US bank relationship.
Steelx is being treated as a temporary sub division for commercial start up purposes, and all liabilities reside with Phoenix MBS Inc. The operational organization is listed to the right.
September 5th
September 8th
September 10th
September 15th
September 20th
Resolve organizational structure for US operations
Complete US production plan and revenue projections
Conference call with factory team and sign production agreement
Move to close first steel production order
Open assigned modular facility space in Rhode Island
Confirm plans for expanded lines into texas.