500 Group Announces Relocation To Las Vegas

Award-winning industrial design and development company finds new home for upcoming innovations in Las Vegas

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Sep 06, 2017, 16:16 ET

LAS VEGAS, Sept. 6, 2017 /PRNewswire/ -- 500 Group, a privately held intellectual property, product development and investment company, has announced the relocation of their headquarters to downtown Las Vegas, Nevada. Formerly headquartered in Connecticut, 500 Group is currently pursuing several major directly operated projects in the automotive, blockchain and building construction industries.

Founder and CEO Paolo Tiramani believes Nevada, and Las Vegas in particular, is the ideal location for new business growth.

"Nevada has an incredibly business-friendly tax system and elected officials who understand how to attract those of us who create new businesses from the ground up," said Tiramani. "Las Vegas is home to a lively startup scene, easy air and ground transport access and a history of thinking big. The city is a perfect match for our business."

Directly operated 500 Group projects slated for Nevada include Boxabl, an innovation in building construction technology; and Supercar System, an award-winning modular performance automotive system for the powersports market based in a new 20,000-square-foot R&D facility at the Las Vegas Motor Speedway. Both projects will use proprietary 500 Group technology and are backed by a worldwide supply chain and team of industry experts.

The company has licensed its intellectual property across a variety of industries to major partners including Stanley Black & Decker, Inc. 500 Group products are distributed worldwide among most major retailers including Home Depot, Lowe's, Walmart and Target.

About 500 Group: Paolo Tiramani founded 500 Group as a privately held intellectual property, product development and investment company. The company has since developed to pursue projects in the automotive, blockchain and building construction industries. 500 Group is based in the heart of downtown Las Vegas and operates a 20,000-square-foot R&D facility at the Las Vegas Motor Speedway. For more information visit www.500Group.com.

SOURCE 500 Group