Tsunami Shelter Developer, Brahman Industries, Receives Seed Investment From Estabrook Ventures to Develop Needed "Inland Life Boat"
ST. THOMAS, U.S. Virgin Islands, Jan. 31, 2012 /PRNewswire/ -- Brahman Industries, LLC announced today it has received seed funding of up to $125,000 from Estabrook Ventures, a Waltham, Massachusetts venture fund. Brahman is developing an innovative tsunami and flood shelter system that promises to revolutionize how governments and industries address these natural threats. The proceeds will be used to advance the development of the final engineering designs and to seek partners worldwide. The company also announced plans to conduct research and development and prototype testing in the U.S. Virgin Islands.
"We are very pleased to be able to invest in this venture at this important stage of the company's development and at this critical time because the world still needs a much better solution for natural disasters," said Thomas F. Farb, Principal at Estabrook Ventures. "Investing in Brahman Industries is a great opportunity to create significant value, while fostering economic development and positively impacting the world. The potential at hand is quite compelling."
The STATIM (acronym for Storm, Tornado And Tsunami Interconnected Modules) Shelter consists of an enclosable hull comprised of a series of precast, lightweight concrete modules, similar to very large concrete pipes. Once assembled, it provides a water-tight environment with buoyancy and self-righting capability. Inside, the shelters are equipped with secure seating for an average of 50 occupants, ventilation, and various options of survival supplies capable of sustaining the occupants during and after a disaster, and until rescue resources can assist. It is the equivalent of an "inland life boat". This cost-effective technology, capable of being produced in mass, has been issued a U.S. patent, with 14 international patents pending.
A variant of this technology, the STATIM Genset Pod, is being designed to provide for a resilient emergency power generating source capable of surviving the most extreme conditions, including fire and an electromagnetic pulse (EMP). Applications for this variant include many critical infrastructure such as communications and nuclear power facilities.
"There are thousands of islands, communities and coastal resorts around the world where topography, proximity faults, remoteness, or lack of vertical evacuation alternatives make them extremely vulnerable to the devastation of such events," explained Miguel Serrano, CEO of Brahman. "The STATIM Shelter is a feasible solution for their safety and peace of mind. It is a straight forward approach which already represents a major breakthrough in natural disaster preparedness."
PR Newswire is a key sponsor of the STATIM Shelter System crowdfunding campaign. PR Newswire is the premier global provider of multimedia platforms that enable marketers, corporate communicators, sustainability officers, public affairs and investor relations officers to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry 57 years ago, PR Newswire enables the world's enterprises to engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company.
Brahman CM & C
P.O. Box 10116
San Juan, PR 00922
SOURCE Brahman Industries, LLC