David Bradford
Merritt Island, FL (USA)
Role(s):
EMC Technologies, Inc
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Startup
Location:
Merritt Island
Industry:
Manufacturing
Year Founded:
2004
Number Employees:
INVALID
Description:
EMC Technologies, Inc, a Florida-based company headed by a Service-Disabled Veteran-Owned Small Business (SDVOSB), was formed to offer an environmentally friendly disposal method for hazardous and medical waste in the state of Florida and the United States. Our technologies is based on seven years of experience using plasma arc vitrification systems. This method eliminates the use of landfills, incineration, and autoclaving commonly used for waste disposal.
Investment sought: Initial funding of a Cohort is $40 million dollars.
Breakdown on the use of funds:
Capital Expenditures: $ 2.5M
Property Lease/Utilities $ 4.0M
Cost of first Cohort (five 10 ton per day units) $ 31.0M
Construction, ancillary operations, reserve $ 2.5M
Exit strategy