Austin, TX (PRWEB) November 10, 2010
The Austin Technology Incubator (ATI), a not-for-profit arm of The University of Texas at Austin, announced today that International Brucite Corporation (IBC) joined as an affiliate member company of the ATI-Clean Energy Incubator (CEI).
IBC produces and sells a unique mineral called “brucite” or brucitic marble, which has primary applications as an acid neutralizer and metal precipitator for recycling water in water treatment and environmentally friendly mining markets. In addition, the mineral can be applied as a flame and smoke retardant for wires, cables and construction components; and it serves as a mineral supplement to the feed lot and agricultural market. The company plans to manufacture and market the compound from the mine of its parent company, Texas Architectural Aggregate, Inc (TAA). TAA is a San Saba, Texas, based building-stone supplier that owns arguably the largest brucite reserve in the world.
“With IBC as a producer and seller of a mineral that provides a clean, natural alternative to other products and chemicals used in several industries, ATI seemed like a good fit to assist IBC,” said IBC President Matt Bray. “IBC is a bit different than the other clean energy companies affiliated and working with ATI. But its impact as it relates to reducing industrial pollution and improving operational performance for its customers could be just as large.”
TAA management contacted the ATI last year for assistance in starting their new venture. They felt the Incubator’s specific knowledge of and position in the clean energy sector would best prepare IBC to launch its new business. CEI co-director Mitch Jacobson, who had already worked with energy and chemical industry executive Matt Bray on various startups in the past, connected Bray with TAA. They brought him on as a consultant, and soon after named him President.
The ATI’s track record of effective market research and pivotal strategy consulting were the most appealing hooks for Bray. “Our affiliation with the ATI will help to determine which markets to pursue and then to develop our product for the markets’ specific needs,” said Bray. “ATI and the resources available to it can play a large role in accomplishing those strategic and operational goals.”
As the Incubator and TAA continue to work closely to test the viability of the potential markets for IBC, Bray’s addition to the team looks to be the difference maker. “It’s been great having Matt come on as President of IBC, as his experience can really help take the company to the next level,” said Mitch Jacobson, CEI co-director. “Though IBC represents a new space for the Clean Energy Incubator, their potential impact in pollution reduction aligns them closely with the CEI’s goal of building solid companies while promoting a clean and sustainable economy.”
About the Austin Technology Incubator
The Austin Technology Incubator is a nonprofit unit of The University of Texas at Austin that harnesses business, government and academic resources to provide strategic counsel, operational guidance and infrastructure support to its member companies to help them transition from early stage ventures to successful technology businesses. Since its founding in 1989, ATI has worked with over 200 companies, helping them raise close to $750 million in investor capital. ATI is a key program of the IC2 Institute at The University of Texas at Austin. For more information, visit http://www.ati.utexas.edu.
About International Brucite Corporation
International Brucite Corporation (IBC) is a newly formed company focused on the marketing of the mineral brucitic marble to global industrial markets. With its neutralization and stabilization effects and ability to precipitate metals from industrial waste streams, brucitic marble is a unique mineral which can help companies reduce costs, improve operational performance and satisfy environmental requirements. IBC is headquartered in Austin, Texas and operates as a wholly owned subsidiary of Texas Architectural Aggregate, Inc. For more information, visit http://www.internationalbrucite.com.
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