ASHLAND, Ky.–(BUSINESS WIRE)–Braidy Industries, Inc. (“Braidy”) announced today that it has commenced a common stock offering to raise up to $400 million. The offering is primarily directed at institutional investors, but a portion of the offering has been reserved for Main Street investors under the SEC’s CF rules adopted under the JOBS Act. In connection with the offering, Braidy will launch its investor “road show” for “accredited” investors on September 25th in New York.

The offering provides interested parties the opportunity to purchase Braidy Industries’ common stock for $18 per share. Braidy is offering $1,070,000 in common stock, the maximum allowed under a Regulation CF offering, and $400,000,000 in common stock in its parallel Rule 506(c) offering available to accredited investors only. The offering is expected to be held open for a six-week period. To read about the Braidy opportunity and purchase its common stock, visit the website of Netcapital’s crowdfunding portal at www.netcapital.com/companies/braidy.

Equity investments in private placements are speculative and involve a high degree of risk, and those investors who cannot afford to lose their investment should not invest. Investors should not make any investment decision without carefully reviewing the materials on Netcapital’s website.

 

About Braidy Industries:

Braidy Industries is a future-leaning advanced manufacturer of metals for the global transportation and defense industries. The company’s first project, the Phase I construction of a greenfield aluminum rolling mill at EastPark Industrial Center in Ashland, Kentucky, will position the company as the low-cost provider of 300,000 annual tons of production-ready series 5000 and 6000 aluminum sheet for the automotive industry. Braidy’s Veloxint subsidiary is an MIT-incubated light weighting solutions company that is manufacturing parts with a novel nanocrystalline technology. Braidy’s newest subsidiary, acquired on September 18, 2018, is NanoAL, a world leader in the science of nanocrystaline technology applied to sheet aluminum.

 

About Netcapital Funding Portal, Inc.:

Netcapital Funding Portal, Inc. (“Netcapital”) is registered with the SEC as a funding portal and is a member of the Financial Industry Regulatory Authority, Inc. (FINRA). All Regulation CF offerings are conducted through Netcapital. Netcapital does not give investment advice, endorsement, analysis or recommendations with respect to any securities. For inquiries related to Regulation CF securities activity, contact Netcapital Funding Portal Inc.: hello@netcapital.com.

 

Contacts

Media:
Braidy Industries, Inc.
Jaunique Sealey, 606-575-3121
jsealey@braidyindustries.com

NanoAl, a materials research and technology company, designs, develops and commercializes high-performance aluminum alloys based on scientifically-designed nanostructures

ASHLAND, Ky.–(BUSINESS WIRE)–Braidy Industries, Inc. (“Braidy”) has acquired NanoAl LLC (NanoAl), a world leader in the science of nanocrystalline strengthening technology applied to sheet aluminum, as a third wholly-owned subsidiary. NanoAl will join the Braidy Atlas aluminum rolling mill and Veloxint in the Braidy Industries company portfolio of holdings.

NanoAl was founded out of the Department of Materials Science at Northwestern University to commercialize the science of developing stronger aluminum alloys through control of key structural features at the nanoscale. Braidy believes the technology has the potential to significantly enhance the specific strength of aluminum to be produced by its Braidy Atlas mill, creating a competitive advantage within the automotive and aerospace OEM marketplace.

“We believe NanoAl’s innovative approach will enable sheet aluminum 20 percent stronger than conventional grades, while maintaining lower cost. The technology also applies to powder metallurgy, including 3D printing applications, allowing additional synergies between the Braidy Atlas mill and Veloxint,” said Veloxint Chief Executive and Chief Technology Officer of Braidy, Dr. Alan Lund. “This is another exciting step towards our goal of rebuilding Appalachia with cutting edge technology focused on lightweighting solutions.”

Dr. Nhon Q. Vo, Chief Executive, Chief Technology Officer and Co-Founder of NanoAl said, “Our new partnership with Braidy Industries and Veloxint provides the opportunity to scale our research and development capabilities and become the innovation leader in nano-science technology of light metals.”

Craig T. Bouchard, Braidy Industries Chairman and Chief Executive said, “We have been pleasantly surprised at the opportunity to grow our powder metallurgy business via acquisition. And, we have been approached by numerous parties to consider building our second rolling mill. We intend to pursue these opportunities.”

 

About Braidy Industries:

Braidy Industries is a future-leaning advanced manufacturer of metals for the global transportation and defense industries. The company’s first project, the Phase I construction of a greenfield aluminum rolling mill at EastPark Industrial Center in Ashland, Kentucky, will position the company as the low-cost provider of 300,000 annual tons of production-ready series 5000 and 6000 aluminum sheet for the automotive industry. Braidy’s Veloxint subsidiary is an MIT-incubated light weighting solutions company that is manufacturing parts with a novel nanocrystalline technology. Braidy’s newest subsidiary, acquired on September 18, 2018, is NanoAl, a world leader in the science of nanocrystaline technology applied to sheet aluminum. To learn more about Braidy Industries, visit www.braidy.com.

 

About NanoAl:

NanoAl LLC is a materials technology company dedicated to designing, developing, and commercializing high-performance aluminum alloys based on scientifically-designed nanostructures. NanoAl was formed after 17 years of research at Northwestern University. NanoAl alloys can be processed by conventional (casting) and non-conventional (powder metallurgy) methods, and have a wide range of application in the automotive, power transmission, and other industries. To learn more about NanoAl, visit https://www.NanoAl.com/.

 

Contacts

Media:
Braidy Industries, Inc.
Jaunique Sealey, 606-575-3121
jsealey@braidyindustries.com

By Heather Long and Andrew Van Dam

Blue-collar jobs are growing at their fastest rate in more than 30 years, helping fuel a hiring boom in many small towns and rural areas that are strong supporters of President Trump ahead of November’s midterm elections.

Jobs in goods-producing industries — mining, construction and manufacturing — grew 3.3 percent in the year preceding July, the best rate since 1984, according to a Washington Post analysis.

Blue-collar jobs, long a small and shrinking part of the U.S. economy, are now growing at a faster clip than those in the nation’s much larger service economy. Many factors collided to produce the blue-collar boom. Some are linked to short-term boom-and-bust cycles, but others may endure.

 

Glenn Puit, Editor

Drilling in preparation for the construction of Braidy Industries’ aluminum mill is now taking place at the EastPark Industrial Center.

Nathan Haney, senior vice president of government relations at Braidy Industries, said workers are drilling/boring as part of long-term plans for foundational work.

“It will take about two weeks — very deep, all the way down to bedrock,” Haney said. “Then they will be doing additional work to prep the work for main construction. We are talking about retention, silt fences, silt walls to help get it all started.”

Braidy said in August it selected Kiewit as the company’s Engineering, Procurement, and Construction (“EPC”) contractor to construct the mill Braidy Atlas. Land compaction work is scheduled for this month. First production at the mill is expected to unfold in 2020. The company expects construction will bring with it some 1,500 construction jobs, many of which will be filled by residents from the region…

 

The Herald-Dispatch

ASHLAND — Five new key executives have been hired to oversee Braidy Industries Inc. and its subsidiary, Veloxint, as the companies gear up to build a $1.6 billion aluminum mill at the EastPark Industrial Center in Ashland, company officials announced Wednesday.

Braidy Industries has appointed Julio Ramirez to the position of chief financial officer.

Ramirez brings experience as a former founder, CEO and CFO for a number of Fortune 500 companies, including The Hackett Group, Molson Coors Brewing Co., Summit Materials and The Freeman Co. Ramirez also served as an audit partner at KPMG for 15 years and was a U.S. Army captain.

At Veloxint, retired Maj. Gen. Kevin McNeely joins as chief operations officer, bringing over two decades of experience in government, personnel management and policy and process development, as well as 38 years of military service to the position. He previously served as director of manpower and personnel at the National Guard Bureau, assistant to the chairman for National Guard Matters, deputy director of strategy, policy and programming for the U.S. European Command and director of strategy, policy and international affairs at the National Guard Bureau…

 

By Dale Buss

The ongoing construction of a $1.6-billion aluminum-rolling mill in Ashland, Kentucky, ticketed with the economic hopes and dreams of an entire region, is about as big and bold as an entrepreneur can go. But there are lessons for other business leaders in how Craig Bouchard, CEO of Braidy Industries, has approached his attempt to build his fourth billion-dollar company.

When Braidy opens its mill in 2020, it’s expected to employ about 600 people who’ve been plucked from a pool of more than 7,000 applicants for jobs that Bouchard says will pay between $50,000 and $70,000 a year. Another 150 jobs are supposed to materialize in an associated metal-alloy plant nearby. And in the meantime, Bouchard expects to employ about 1,600 people doing construction.

This would go a long way toward reversing the devastating economic slide of a part of Appalachia that has lost not only many coal-mining jobs, but also thousands of manufacturing positions in the last couple of decades. Bouchard also expects his investment to help solve a deep-seated plague of opioid addiction in eastern Kentucky.

 

ASHLAND, Ky. (BUSINESS WIRE) — Braidy Industries Inc. and its subsidiary Veloxint announced today the appointment of five new key executives. The news comes as momentum continues for Veloxint and for Braidy Industries’ $1.6 billion Braidy Atlas rolling mill project, following the official groundbreaking events in early June.

Braidy Industries has appointed Julio Ramirez to the position of chief financial officer. Ramirez brings experience as a former founder, CEO and CFO, driving corporate, financial and digital strategy and performance for a number of diverse Fortune 500 companies, including The Hackett Group, Molson Coors Brewing Company, Summit Materials and The Freeman Company. Ramirez also served as an audit partner at KPMG for 15 years, and was a U.S. Army Captain. Ramirez will report directly to Braidy Industries CEO Craig Bouchard.

At Veloxint, Ret. Major General Kevin McNeely joins as chief operations officer. McNeely brings over two decades of experience in government, personnel management and policy and process development, as well as 38 years of military service to the position. He previously served as director of manpower and personnel at the National Guard Bureau, assistant to the chairman for National Guard Matters, deputy director of strategy, policy and programming for the U.S. European Command and director of strategy, policy and international affairs at the National Guard Bureau. McNeely will report directly to Veloxint CEO Dr. Alan Lund…

 

Glenn Puit, Editor

Braidy Industries, Inc. and its subsidiary Veloxint announced the hires of five executives this morning, including Braidy’s chief financial officer.

Braidy Industries has appointed Julio Ramirez to the position of chief financial officer. A press release from the company states “Ramirez brings experience as a former founder, CEO and CFO, driving corporate, financial and digital strategy and performance for a number of diverse Fortune 500 companies, including The Hackett Group, Molson Coors Brewing Company, Summit Materials and The Freeman Company. Ramirez also served as an audit partner at KPMG for 15 years, and was a U.S. Army Captain.”

The press release goes on to state:

“At Veloxint, Major General Kevin McNeely (Ret.) joins as Chief Operations Officer. McNeely brings over two decades of experience in government, personnel management and policy and process development, as well as thirty-eight years of military service to the position. He previously served as Director of Manpower and Personnel at the National Guard Bureau, Assistant to the Chairman for National Guard Matters, Deputy Director of Strategy, Policy and Programming for the U.S. European Command and Director of Strategy, Policy and International Affairs at the National Guard Bureau. McNeely will report directly to Veloxint CEO Dr. Alan Lund…

 

By MARK MAYNARD, Kentucky Today

ASHLAND, Ky. (KT) – Five new executives were appointed Wednesday by Braidy Industries, Inc., as the $1.6 billion Braidy Atlas rolling mill project draws closer.

Julio Ramirez has been named Chief Financial Officer and will report directly to CEO Craig Bouchard. Ramirez brings a wealth of experience to Braidy as a former founder, CEO and CFO of several Fortune 500 companies. Ramirez also served as an audit partner at KPMG for 15 years, and was a U.S. Army Captain.

At Veloxint, a subsidiary of Braidy, Maj. Gen. Kevin McNeely (Ret.) joins as Chief Operations Officer. McNeely brings over two decades of experience in government, personnel management and policy and process development, as well as 38 years of military service to the position…

 

ASHLAND, Ky. (September 5, 2018) – Braidy Industries, Inc. and its subsidiary Veloxint announced today the appointment of five new key executives. The news comes as momentum continues for Veloxint and for Braidy Industries’ $1.6 billion Braidy Atlas rolling mill project, following the official groundbreaking events in early June.

Braidy Industries has appointed Julio Ramirez to the position of Chief Financial Officer. Ramirez brings experience as a former founder, CEO and CFO, driving corporate, financial and digital strategy and performance for a number of diverse Fortune 500 companies, including The Hackett Group, Molson Coors Brewing Company, Summit Materials and The Freeman Company. Ramirez also served as an audit partner at KPMG for 15 years, and was a U.S. Army Captain. Ramirez will report directly to Braidy Industries CEO Craig Bouchard.

At Veloxint, Major General Kevin McNeely (Ret.) joins as Chief Operations Officer. McNeely brings over two decades of experience in government, personnel management and policy and process development, as well as thirty-eight years of military service to the position. He previously served as Director of Manpower and Personnel at the National Guard Bureau, Assistant to the Chairman for National Guard Matters, Deputy Director of Strategy, Policy and Programming for the U.S. European Command and Director of Strategy, Policy and International Affairs at the National Guard Bureau. McNeely will report directly to Veloxint CEO Dr. Alan Lund.

Dr. Phoebe Kwan is assuming the role of Chief Commercial Officer at Veloxint, bringing expertise in strategic positioning and development of high-performance materials across a range of industries, including technology, medicine and energy. Dr. Kwan has held executive leadership roles in product management, marketing, business development and external corporate venturing at both early-stage startups and Fortune 500 companies, and holds a PhD in Chemistry from the Massachusetts Institute of Technology. Kwan will report directly to Veloxint CEO Dr. Alan Lund.

Veloxint has also appointed Dr. Judson “Jud” Marte as Vice President of Product Development. Formerly Principal Scientist and Product Manager for two decades at GE Global Research, Marte will apply his expertise as a materials scientist specializing in processes producing low-cost, high-efficiency materials to oversee transformative component design using Veloxint’s thermally-stable nanostructured alloys. Marte received his M.S. and PhD in Materials Science and Engineering at Virginia Tech, where he conducted research for five years.

Finally, John Gaspervich joins Veloxint as Executive Vice President of Manufacturing. Gaspervich brings thirty years’ experience in the metal injection molding industry, and is a leading expert in MIM parts production and market applications. In his four-decade career working with cutting-edge precision manufacturing technologies, Gaspervich has held executive leadership roles in manufacturing, engineering, quality and business development for leading North American and international companies in the MIM industry.

Of the developments, Craig Bouchard, Chief Executive Officer of Braidy Industries said, “A company is only as good as its people and its community. We are only as great as our culture. To lead the rebuild of Appalachia is a challenge and a true responsibility. We will succeed because great people want to join us and make a difference.”

About Braidy Industries:

Braidy Industries is a future-leaning advanced manufacturer of metals for the global transportation and defense industries. The company’s first project, the Phase I construction of a greenfield aluminum rolling mill at EastPark Industrial Center in Ashland, Kentucky, will position the company as the low-cost provider of 300,000 annual tons of production-ready series 5000, 6000 and 7000 aluminum sheet and plate for the automotive and aerospace industries.

 

Media Contact:

Jaunique Sealey
jsealey@braidyindustries.com
606.575.3121