# necoTECH Advanced automation & materials for more sustainable infrastructure ## Elevator pitch necoTECH is a vertically integrated company that focuses on creating sustainable solutions and technologies for the infrastructure market. We focus on more sustainable materials, and more sustainable equipment. Thorough our portfolio of technologies, we look to divert over 90% of waste from landfills and turn it into materials for asphalt, concrete, energy, & fuels. Our technologies have been awarded 7 contracts with the US Air Force with 6 more under evaluation currently. - Canonical URL: https://wefunder.com/necotech - Entity ID: wefunder:company:89672 - Last updated: 2026-06-11T05:00:30Z - Generated at: 2026-06-12T03:47:37Z ## Quick facts - necoTECH was just awarded as one of the 16 most fundable companies by Pepperdine Graziadio! - Help necoTECH use our advanced technologies and vehicles to sustainably improve the nation's infrastructure. - Protect the planet. Our solutions offer more sustainable materials, processes, and equipment. ## Active fundraises - wefunder:fundraise:49403: 4(a)(6) successful (USD) - wefunder:fundraise:49407: 4(a)(6) successful (USD) ## Story necoTECH started with award-winning recycled plastics in asphalt roads and has been expanding ever since.It's our mission to transform the way we take care of our nation's infrastructure. We can do this more efficiently and sustainably, dynamically changing how asphalt and concrete are installed and managed. We are utilizing more advanced equipment, and creating eco-friendly materials to improve performance, increase safety, and make our infrastructure more sustainable for decades to come.Why Crowdfunding?We chose to crowdfund so that we can have a different type of company - one built by the community, fans, and customers who believe in what we offer, not just one that is funded by traditional venture capital. We love the idea of expanding what the Department of Defense (DoD) has affectionately nicknamed "necoNation" where our success is your success. necoTECH had taken in over $1.5M in non-dilutive capital from research and service contracts, and grant money. This Wefunder offering is the first time that someone can purchase an equity stake in necoTECHAdvanced Equipment:Robotic Maintenance Vehicle - The Robotic Maintenance Vehicle (RMV) is designed to replace an entire road crew for sealing cracks in the pavement. RMV uses an advanced vision system and a robot to perfectly measure and seal the cracks more quickly than traditional road crews. It also removes the workers from harm’s way. Estimates for both the DoD and Commercial markets show a return on investment (ROI) to the RMV customer in less than 3 years!Although robotic asphalt crack sealing is the first commercial use of this technology, there are several other robotic maintenance options under development. necoTECH has partnered with RMV, LLC and has exclusive rights to the United States Department of Defense (DoD) installations throughout the world. We are aiming for large-scale contracts with the US Military, FAA, and other federal government agencies. necoTECH is taking pre-orders now on the current RMV, around $1 million per vehicle. We have also been awarded Phase I and Phase II SBIR research contracts with the USAF to develop a military spec version for sale to the DoD. Rapid Airfield Repair:Hot Patch on Demand (HOTPOD) - When an airfield is damaged, whether by nature or an act of aggression, it is imperative to repair it right away. Currently, hot mix asphalt is the material of choice, however, until HOTPOD there has often been no rapid hot mix asphalt available for repairs. Commissioned by the USAF and designed by the Army Corps of Engineers, Engineer Research and Development Center (ERDC), the HOTPOD system can deliver Hot Mix Asphalt in as little as 5 minutes. necoTECH has recently completed Phase I and Phase II USAF Small Business Innovation Research (SBIR) contracts to further develop HOTPOD for both military and commercial use. HOTPOD has been tested to safely withstand hundreds of passes of F-15 fighter planes. HOTPOD is scheduled to be available for sale in early 2023. Sustainable Materials:necoTECH is in various stages of research and development of sustainable materials for use in infrastructure construction and maintenance. Recycled Polymer Modified Asphalt (RPMA)- The best quality asphalt utilizes polymers (plastics) to enhance its durability. Unfortunately, the market currently utilizes virgin polymers which are petroleum based. necoTECH has been researching the use of recycled rubber, polymers, and other materials for use in new construction as well as with our RMV and HOTPOD systems. The National Center for Asphalt Technology (NCAT) has selected necoTECH as one of only two US companies to partner in this research. Sustainable Concrete Materials:Recycled Materials in Concrete – necoTECH is researching the use of recycled and in-situ materials in concrete as sustainable replacements for Portland Cement. Our first products are scheduled to be available for sale to contractors and the DoD by mid-2023. Carbon Sequestered Concrete – necoTECH is working with NASA to further develop their research on sequestering CO2 from the manufacturing of concrete and reintroducing it back into the concrete. Initial research indicates that this will make the concrete more durable and redirect the oxidation away from the metal rebar into the clinker. This may keep structural rebar in buildings and bridges from rusting and collapsing. R&D Agreements:Most of our research and development (R&D) has been funded by the top DoD labs in the world through Small Business Innovation Research (SBIR), Small Business Technology Transfer (STTR), and other agency contracts to stretch investment dollars as far as possible and focus the capital on revenue-driving activities. We have been awarded 6 total Air Force AFWERX SBIT/STTR contracts in 18 months with more to come. Use of investment funds: Key hires (engineering, sales, product management, operations) and manufacturing (equipment, facilities, and materials), etc. NOTE: *Forward-looking projections cannot be guaranteed. * R&D Partnerships: Army Corps of Engineers, ERDC: Cooperative Research and Development Agreement (CRADA) United States Air Force Civil Engineering Center (AFCEC): Cooperative Research and Development Agreement (CRADA) National Aeronautics and Space Administration (NASA): Partnership with Marshall Space Flight Center Ohio Wesleyan University (OWU): necoTECH is proudly headquartered in the Delaware Entrepreneurial Center at Ohio Wesleyan University (DEC-OWU) Product Partnerships: DANNAR: Heavy Duty EV vehicle chassis Robotic Maintenance Vehicle (RMV): Robotic products such as RMV Crack Sealing Robot. RAP Management: Sustainable asphalt production. The Pavement Group: Paving partner and advanced technology for paving maintenance. We also work with various recycling entities for specialized waste streams, and several asphalt/concrete companies for scaling our products nationally. Patent Protection: We have licensed patents from ERDC, USAF, NASA, and RMVAward Winning: Recipient of over 10 awards from US Government departments including 7 specialized contracts with US Government departments. Ready to Scale: With our products already being tested with the military, our first revenue is from the DoD. As we scale towards large contracts with the military, we will adapt the technologies for traditional markets. This allows us to efficiently develop and fund our product launches with a willing participant and scale the technologies with revenue to the larger commercial markets. Regardless of whether the DoD contracts live on or not, our traditional market opportunities are large enough to sustain continual growth.Respected: necoTECH has assembled a world-class team of advisors and employees. From IP and trademark experts to experienced venture capital and exit experts to industry leaders in sales and marketing, we are truly blessed to be surrounded by amazing partners and advisors... take a look:Versatile: Our products range from advanced equipment to advanced materials within the infrastructure and DoD markets. The Build Back Better framework proposed by the Biden administration includes roughly $2.2 trillion of infrastructure funding. The timing is perfect for us to capitalize on the market opportunity for our technology and mission. $12.5M 2022 Projected Revenue (+260% YoY) 6 Products (2 Live in the market, 4 in R&D) We have products live on the market generating six-figure revenue contracts through public and private partnerships. The neco ADVANTAGE:Ideas do not build companies, people do! An idea is only a small % of a company… We utilize our strategic relationships with DoD and commercial partners to leverage our proven system for dual-use market commercialization. necoTECH sources sustainable technology solutions from Federal Labs for known military problems that also have large traditional markets. Secure funded testing and pilots with active DoD installations and participation from federal labs and universities. Roll out products to non-military markets based on key insights and validation from DoD and other federal agencies. For the next 12-14 months we expect that DoD will be our largest customer- at least 85% of revenue. As our products commercialize over the next 2-10 years, we expect the commercial market to become 80% + of our business Invest now and help necoTECH to make the world a better place. ## FAQ 1. **How was the valuation derived?** - Hey Sagar, we are raising under a SAFE with a valuation cap and discount, so a valuation hasn't been placed on the company yet. So this will convert to equity at a discount upon a priced round that we look to do in the near future. The cap was set based on our current and potential future government contracts that could be large dollar amounts. This cap allows us to raise our next round and keep the valuation in balance with the timing of that raise. Hope this answers your question and thank ... 2. **Hi, do you all plan on remaining an LLC for tax purposes post SAFE conversion, and do you anticipate remaining profitable?** - Hey Lucas, necoTECH, LLC is an operating entity and the one that carries our government contracts, licenses, trademarks, and all that stuff. It is a wholly owned subsidiary of necoBrands, Inc, a Delaware C-Corp. The SAFE is an investment in the parent company, so that investors will have equity in that company once it converts. This way you get the benefit of all we do at neco. As far as profitability, yes that is the goal with everything we do. The unique part to us, is that we are working o... 3. **I gotta say I love the company so far but I do have a question on quality. only because many items ride the "Greener is best" ideaology but many of the green innovations either break super easy or detiererorate (hope i spelled that right) kinda of fast. How do these recycled w...** - Hey Luke, We agree, some of the "green" alternatives aren't always better and play the sustainability side from an eco-friendliness, but not a sustainable long-lasting durability. This is where our partnerships and research agreements with the U.S. Army Engineer Research and Development Center (ERDC), Air Force Civil Engineering Center, and Ohio University come in handy. We literally go through massive destruction testing with all of them, and usually it's in cohorts with one of our contracts... 4. **When is the next "weekly" update?** - Hey Jeremy. Was hoping that I could make the weekly work, but have been traveling down in Mississippi and Florida doing demos of the Robotic Crack Sealer for the Department of Defense. Also, have a big announcement that we were wanting to share, but have to wait until the news is public. I will be sharing something this week as I’ll be back in the office briefly….it’s been almost a month of travel. Appreciate the nudge :) 5. **Hi! Do you have a financial statement newer than the 2020 one? For either CY2021 or FY2021?** - Hi Nicolas, we filed our campaign per the SEC requirements of 2 years worth of financials at time of launch, which then was 2019 & 2020. This allowed us to raise through 4/30/22. Since then, due to the response we got in those few months of having the round open, we went ahead and had our 2021 financials reviewed and are extending our campaign. It takes a little bit of time to file with the SEC and update, but you should see our 2021 financials on here soon :) Appreciate the interest and ... ## Team - Steve Flaherty, MBA (Founder & CEO) - Ken Hasty (Director of Sales) - John Whittington (Director of Engineering) - Cheryl Hutchinson (Director of Operations) - Zac Graber (Director of Product) - Brent Kaiser (Director of Technology) ## Q&A - Q: Any update??? - A: Hey Thomas. Yes, there is a lot to update on and apparently, our outreach system doesn't have everyone in it ( we did it outside Wefunder as we had to be in stealth-mode). I'll do an update to investors only with all the exciting things we've got going on. - Q: Hello team After reviewing the pitch I have a few questions before I decide to invest. Nature of patents? Nature of military applications? Any non-military markets planned? Use of funds? Concrete industry in their sights? - A: Hey Joseph! We have 4 patents under license, another one we’re testing (exploratory license), and a few more that we are discussing with the federal labs. 2 patents are in the asphalt sector and 2 are in the concrete sector, so yes, we are definitely involved in concrete industry. With our deep relationships with both the federal labs and the military we build, test, and R&D with them. Some products definitely have the potential for large scale government contracts and we’re having those discussions, but we also know that our markets are in the regular commercial sectors and we are focused on that. Think of it as testing, funding, and validation by the military and labs to take on the commercial market with great case studies. This use of funds will be to do some of those commercial market transitions and pilots as well as some small scale R&D with a couple production systems that we have been lining up large capital for. We didn’t go out and spend the traditional 30-50% in ad spend that a lot of the crowdfunding companies do…IMO that’s a poor use of funds just to hit a “trending” or max raise benchmark. We opened our crowdfunding because we have a lot of friends, family, and fans that wanted to participate in our success, so we did one. Truly there as an opportunity for people to ride the journey with us as opposed to us doing it to get funds for our use. We have 15 months of runway with our contracts with the Air Force, more submitted ($2.8M last cycle that we will find out mid October), and have been having strategic capital discussions with large partners. I’ve been involved with crowdfunding since it’s infancy, so launched this as a way to give people that know us (or find us) a unique portfolio diversification option. WeFunder is bonus capital for our runway, allows us to greenlight some engineering projects, and most importantly connect with people that we never know how they may contribute to our cause. We don’t rely on this capital for our success, we have plenty of action happening to sustain the business (hence profitable since day 1 with never going in the red). We would love to welcome you to necoNation as an investor and take great care in making sure we are building something that contributes to the organic traffic that takes the time to discover what we’re doing. Appreciate the comments and happy to share anything else that you would like to know. -Steve - Q: Hi Steve, I am very impressed by your company’s technologies and vision. I have one question: With current US and world financial situations (possible recession if we are not already in one), how and how much are these affecting your revenue projections in the “Forecasts” section of your presentation? Thank you! John Hwung - A: Hey John, Apologies for the delay....we've been nose-down finishing our current Phase II contract this week. Market conditions are always on our radar and play into the general business. However, with our work with the DoD, we don't get impacted like some industries might see. So while there may be a "slowdown" or recession looming in the global market; Infrastructure markets are booming and quite frankly with the infrastructure bill and many other efforts, they are going to continue for some time. That said, our forecast for this year is subject to the speed of award with the DoD, as currently, that is the main revenue stream. Our projections for this year are based on some upcoming submissions that we have sponsorship and support for, but that does not mean guaranteed. What is cool though, is that we have kept pursuing efforts even when they aren't accepted the first time and tweak and revise until they get accepted or present other opportunities. I can tease that you will see some announcements from us soon about an acquisition of technology and people and another looming USAF contract. I always say sales forecasts are like weather forecasts in that they both have a degree of variability and interpretation of unknown datasets. I will note that, while our forecasts are guesses in a snapshot of time, the conversations we're having, partnerships we're establishing, and general appetite for innovation from the DoD and broader market in the Civil Engineering space, the market is definitely there. We're leveraging relationships to best serve the market and make sure that we focus on stakeholder value to deliver real solutions. We focus on listening to the market needs and engineering to solve those needs. I know all companies spit that stuff out, but I invite you to look back at our approach and investigate our consistency to not only speak it but actually execute on it. That is where companies are made...action = traction. Happy to chat anytime to give more color to it, or check out our upcoming LIVE broadcast (tomorrow if we can get this final report done in time for me to go live). Thanks for the question and hopefully that sheds some light on our existing forecasts...if not, hit me up :) Thanks for the interest! -Steve - Q: I gotta say I love the company so far but I do have a question on quality. only because many items ride the "Greener is best" ideaology but many of the green innovations either break super easy or detiererorate (hope i spelled that right) kinda of fast. How do these recycled waste products handle in mass disaster areas like earthquake or flood or extreme heat like the desert regions? some mountain regions have a bentonite soil base so the roads break and become like swiss cheese after few months of wear from a total resurfacing. My question is one of quality, the staying power of a company this is what makes or breaks the success. When mother nature throws those curve balls at us can this product stand up to the test or will it break and make a bad name for itself after a season? our country here in the USA is a very diverse weather board allowing some regions to expeirence snow, fire, earthquake, lava, ice, tornados, floods heck even tsunamis as we seen in some news recently. the military contracts are great but we dont have airport runways in towns or small cities, or quite little streets these residential areas may expierence water main breaks. - A: Hey Luke, We agree, some of the "green" alternatives aren't always better and play the sustainability side from an eco-friendliness, but not a sustainable long-lasting durability. This is where our partnerships and research agreements with the U.S. Army Engineer Research and Development Center (ERDC), Air Force Civil Engineering Center, and Ohio University come in handy. We literally go through massive destruction testing with all of them, and usually it's in cohorts with one of our contracts, which means we get paid to test and break it. We build to military standard which far surpasses the traditional market requirements. So, we feel confident that when each product launches it's at a supurior level. Our HOTPOD product was actually built out of rapid sustainment and resiliency for the Air Force's needs to be able to recover after a natural disaster or enemy strike. That's why were testing that one down at Tyndall AFB where they have the Base of the Future rebuild happening, as they got wiped out by hurricane Michael a few years back. So yes, resiliency, rapid recovery, and long term durability is exactly what we strive for. You are correct that different regions have different needs and different geological makeup. Like most companies in our industry, there are multiple material mix designs and unique regional factors taken into account to design for a local level. In regards to the airport runways, there's over 5,000 small public airports in the US alone that we're targeting, so despite the couple hundred military bases, there is a significant airport market and then of course regular streets, lots, and other pavement. Hope that helps to answer the questions and please feel free to message us or hope on our weekly Ask Me Anything calls on Monday's at 5:45pm est. It's streamed to all our social channels with live interactions. - Q: How was the valuation derived? - A: Hey Sagar, we are raising under a SAFE with a valuation cap and discount, so a valuation hasn't been placed on the company yet. So this will convert to equity at a discount upon a priced round that we look to do in the near future. The cap was set based on our current and potential future government contracts that could be large dollar amounts. This cap allows us to raise our next round and keep the valuation in balance with the timing of that raise. Hope this answers your question and thank you for the interest! - Q: Any update??? I haven't seen an update in close to a year. - Q: Sir, Will there be an update soon? I might’ve missed it but have the April 2023 as the last one. Thanks! - A: Hey Dave, As an investor, you should be getting our "investor-only" updates. Because of our stealth mode, they aren't publicly posted. We were doing them through an outside email but recently switched back to weFunder's platform, which is just a private investor-only view. I did another one last week, so let me know if you don't see anything. - Q: What is the current status? - A: Hey Mark, We keep our investors updated via email and private Investor Only weFunder posts. Due the nature of our business model, we keep our public posts a bit more limited. I just shared a recent one highlighting some of the general milestones we've achieved. The growth remains steady with some big deals executed over the last year. Appreciate your interest and support of our mission! -Steve Flaherty CEO - necoTECH - Q: We have an investment group and a venture studio interested in getting to know a bit more about your company. What's the best way to connect? - A: Hey Phil, You can email us at hello@necotechusa.com and we can go from there :) -Steve - Q: My wife and I are interested in investing in this company. Have concerns about your revenue projections also will like to have more information on your past year financials, interested in investing with significant amount. Thank you in advance for this information. Please like this comment as soon as you reply so it can notify on my dashboard. - A: Hey Donald. The revenue projections are based on contracts we're submitting to the Air Force. We just submitted 6 contracts for a total of $2.8M this last cycle (August) and will be submitting a couple more in October. Additionally, we were just awarded another $750K Air Force contract that we just kicked off in August with travel out to that Air Base. Our 2021 financials should be posted when we updated the filing with the SEC, and I'm not sure what I'm allowed to say publically, but I can say we have surpassed our 2021 Revenue already and will continue the 300% YOY growth. I'm happy to chat in detail with you. Feel free to connect with me on LinkedIn and message me, or send me an email. - Q: What is the cost difference for the regular patch work the Dept of Transportation currently uses vs. this product. Does it cost more to use this product or not? - A: Hey Chase. The HOTPOD product, it is a military-use product currently and is being sold to the DoD. However, we're working on some DoT versions that would offer a superior patch to what is used currently. The cost of the product isn't determined yet with that market, but the economics would be lower than the cost of constant repairs having to be done on the same spot....we have commercial partner's input involved with that to ensure we design it right. - Q: Hello Steve! Who would you say are your competitors? Also, are there other companies with a Green technology that cater to the same demands as your company? Thanks! 26.Jul.22 - A: Hey Martin. It depends on the products that were talking about. For recycled polymer asphalt, there are a few out there that have launched, and others are testing. We've actually had partnership discussions with some of them, as there is a chance to collaborate vs compete with a lot that we do. For the other products, we're competing with existing solutions that are not as sustainable or as automated, so it's innovation to the market. The inustry as a whole is trending to more sustainable means, but it is legacy companies making sustainable goals...we're one of the first brands building around that as a core. Hope that helps! - Q: Do you guys have an exit strategy? Could this company be acquired through an acquisition, or would the government contracts interfere with that? - A: Hey Juan, We of course think about exit while maintaining focus on growth. For us, we look to continue to innovate and push this forward not only for an exit but for progress in the infrastructure industry. Therefore, at this time, the most attractive exit strategy is an acquisition by a similarly caring brand in the building products industry. We are having conversations and are even partnered with some of those players now. As we scale we will have options for both the government contracts and technologies, as well as the future of our commercial products. For us, it's about fit and strategic partnering/collaboration. It is and always will be part of our business strategy and desire. Hope that helps provide some clarity! -Steve - Q: 1. How does Necotech profit from the RMV partnership? 2. How does the cost of the sustainable asphalt and concrete compare to traditional materials? 3. What product do you see having the most profitability in the future? Thank for the last update! - A: Hey Jeremy! Appreciate the questions. 1) neco has an exclusive license agreement for the DoD & Federal market, and rights to the FAA market. Our agreement is setup where we have build and resell rights. In some cases we sell the normal version and have commissions on it. However, we’re focused on the build market. The phase II we just submitted is for $750,000 from the Air Force to engineer the version they need for base operations. That will also be built to service the rest of the DoD and then also the aviation sector with the more than 5,000 public airports (just in the US 😳). Of course the neco version will also work on parking lots and roads, so there can be some cross pollination from both sides. 2) As far as costs with the asphalt and concrete, this is always ongoing. We’re still developing and testing different formulations, but the goal is certainly economics as well as performance and sustainability. There are also different ways to view costs (upfront and total cost of ownership (or lifetime cost), and we will utilize both. Some of our stuff will be less expensive then conventional material up front, others will have greater performance then conventional so will be a premium product, but still have a lower total cost of ownership. 3) For us, it’s about the merge of equipment, material, and data/software. This industry is one of the last few to be touched by advanced technology. We’re truly on ground floor with some of the best agencies in the world (Army Corps, Air Force, international airports) and listening to the problems the have and using advanced technology to solve them. RMV provides an awesome robotic chassis for us to build on. So while it does crack sealing now, there are many more things we have it lined up to do, and we are implementing those based on the needs of the stakeholders above…additionally, we work with the Air Force to engineer and fund the development of each one of those modules or solutions. Next we have advanced materials that help to create reuses for waste materials, but also can add some performance and other enhancements. This is a huge market and through my 15 years in the industry, we have a ton of partners notionally and globally to both distribute and/or license to. Lastly, we have the data and software side that is in development. This will incorporate condition and metrics that allow better decision making with operation and maintenance of infrastructure. This one builds over time…the more data, the more valuable. We’ve designed it all so that it can all be used independently or leveraged and combined and utilized together. We appreciate your comments and hope that helps! Feel free to reach out anytime. - Q: Hi! Do you have a financial statement newer than the 2020 one? For either CY2021 or FY2021? - A: Hi Nicolas, we filed our campaign per the SEC requirements of 2 years worth of financials at time of launch, which then was 2019 & 2020. This allowed us to raise through 4/30/22. Since then, due to the response we got in those few months of having the round open, we went ahead and had our 2021 financials reviewed and are extending our campaign. It takes a little bit of time to file with the SEC and update, but you should see our 2021 financials on here soon :) Appreciate the interest and please feel free to message us any questions here or on our social accounts, as we try to do regular Ask Me Anything’s.