Houston, Texas, April 16, 2021/ Lithified Technologies Texas (“LTTX”) (www.lithtectx.com) announced the opening of a 2nd round of private equity financing.
Details are outlined in the company’s offering documents and can be obtained by written request. The company has produced a pitch deck, private placement memorandum, financial model, business plan, and operating agreement.
The LTTX management team stated, “This 2nd round of financing will help LTTX expand our operations beyond Texas. We are excited that investors have participated in our company’s launch. The new funds will be used to dramatically accelerate our growth.”
LTTX owns the exclusive, perpetual license in Texas to market LithTecTM, a proprietary high performance road base treatment product. There are more than 680,000 miles of roads in Texas, more than twice the number of miles than the next closest state in the United States. LTTX has plans to expand to at least five other states in the near future.
LTTX will release additional information during the coming months as 2nd round funding is finalized and closed.
About Lithified Technologies Texas
Lithified Technologies Texas acquired the exclusive, perpetual license to distribute LithTecTM in Texas in 2021. The company chose Texas as its starting point because of the significant number of paved miles of road in the state. Roads typically fail when the base layer erodes due to heavy truck traffic, water intrusion, and freeze thaw cycles. The LithTecTM proprietary product solves all three challenges at a reduced cost. Traditional road base “stabilizers” fail when attempting to glue the road base materials together. LithTecTM transforms the base into stone and binds the materials at the molecular level, creating a high performing structural member of the road design with more flexibility and ductility than asphalt. The improved performance of LithTecTM has been documented by independent third parties including Los Alamos National Laboratory, State Departments of Transportation, and independent engineers.
Please visit www.lithtectx.com
For more information, please contact:
Lithified Technologies Texas
Roy Mullin
Email: roy.mullin@lithtec.com