Question 1

Do you have information on revenues, profits, and gross margin over the last few years? What patents do you have and are there links to those patents? I can't seem to find them on google patent.

Accepted Answer

Isaac, thank you for your questions. Our two patents are U.S. Patent No. 8,944,113 (issued February 2015) and U.S. Patent No. 10,022,948 which was issued in July 2018. We are pre-revenue and I would like to take a moment to explain. Shortly after the second patent was issued we were introduced to SABIC's Nusaned Initiative Program ("NIP") as part of Saudi Arabia's Vision 2030 objectives. We were one of a very select few companies who were chosen to participate in the NIP from hundreds of appl...

Question 2

How binding is the signed LOI in the country that you signed the agreement? From your response to Isaac's question, I understand that the the likelihood of the project coming to fruition is almost guaranteed. Would you agree with that assessment?

Accepted Answer

I would agree with that assessment. Several years and a lot of money has already been spent developing the project so I think the likelihood of it being completed is very high. Our LOI is very strong, and just as important, our client really wants us to establish a manufacturing operation in country and stay after the project is complete, however, we are not obligated to do so. We will be sending several of our mobile manufacturing units to produce the pipe for the project and if the demand w...

Question 3

Congrats on the $150M LOI. This is obviously a huge success and strong validation of your design. That said, can you share any information about future contracts/projects that are in discussion beyond that initial deal?

Accepted Answer

We are actively pursuing other opportunities but do not want to oversell our capabilities because once the project in South America starts, it will be all encompassing and we need to make sure we execute it flawlessly. However, I think if we can secure a few smaller projects in the interim, we will aggressively pursue them.

Question 4

I couldn't find any US Patent/applications assigned to GCPS in the USPTO data base. Please identify.

Accepted Answer

Steven, thank you for your question. Our patents are U.S. Patent No. 10,022,948 and U.S. Patent No. 8,944,113. You should be able to find them there.

Question 5

Are there loans on the company? How much is the interest rate? When will the financing round be completed?

Accepted Answer

No, the Company does not have any loans outstanding. The offering will be listed until we reach the maximum offering size for a Regulation CF ($5 million), or up to six months. However, we can close it anytime before either milestone is met.

Global Composite Piping Solutions, LLC

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Global Composite Piping Solutions, LLC

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