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Inno Holdings Paves the Way for Sustainable Construction: Championing Green Building with Cold-Formed Steel

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Inno Holdings Inc. (Nasdaq:INHD) is an innovative construction technology company aiming to revolutionize sustainable building by replacing conventional wooden structures with cold-formed steel. Inno's approach focuses on environmental innovation, emphasizing the significant reduction in material waste and the 100% recyclability of steel scrap. With a strong commitment to sustainable construction, Inno aims to lead the industry in delivering environmentally friendly, durable, and cost-effective solutions, targeting the $40 billion US construction technology market.
Positive
  • Inno's focus on sustainable construction aligns with the growing demand for environmentally friendly building materials, positioning the company as a leader in the industry.
  • The use of cold-formed steel framing offers significant advantages over conventional wooden structures, including a substantial reduction in material waste and the potential to achieve LEED certifications.
  • The addressable market for innovative technology solutions in the construction industry in the US is estimated at $40 billion, indicating substantial growth potential for Inno's sustainable building solutions.
Negative
  • The PR does not provide specific financial data or performance metrics, making it difficult to assess the company's current financial standing and growth prospects.
  • While the PR highlights the environmental and economic advantages of Inno's solutions, it does not address potential challenges or risks associated with the adoption of cold-formed steel in construction, such as industry resistance or regulatory hurdles.

BROOKSHIRE, TX / ACCESSWIRE / December 14, 2023 / Inno Holdings Inc. (Nasdaq:INHD) ("Inno" or the "Company"), an innovative construction technology company, is on a mission to revolutionize the future of sustainable building, spearheading a transformative movement to replace conventional wooden structures by harnessing the numerous advantages of cold-formed steel. With its innovative approach, Inno aims to redefine the construction industry and pave the way for a more sustainable and efficient future.

With a strong focus on environmental innovation, Inno is capitalizing on the numerous advantages of utilizing cold-formed steel framing in construction, including a significant reduction in material waste, with an impressive average of only 2% steel scrap compared to the staggering ~20% waste typically observed in wood-based projects.

Importantly, every piece of steel scrap generated from Inno's projects is 100% recyclable, providing an attractive ecological footprint, and the Company takes immense pride in its dedicated recycling operations, ensuring that no steel goes to waste. This comprehensive approach highlights steel's unparalleled environmental benefits over other materials and its adaptability for multiple cycles of use and reuse.

"Our commitment goes beyond just offering sustainable construction material," stated Dekui (D.K) Liu, Chief Executive Officer of Inno. "By incorporating cold-formed steel, our projects have a significant advantage in achieving Leadership in Energy and Environmental Design (LEED) certifications. In essence, we are not merely constructing buildings; we are shaping the future of environmentally friendly construction."

The Company's solutions not only offer significant environmental benefits but also provide long-term economic advantages for stakeholders. By promoting the use of sustainable materials in the construction market, Inno is positioning itself as a leader in delivering innovative, environmentally friendly, durable, and cost-effective solutions that meet the evolving needs of the industry. With a focus on reducing carbon footprint and maximizing resource efficiency, Inno strives to create a sustainable future.

The addressable market for innovative technology solutions in the construction industry in the US is estimated at $40 billion.

About Inno Holdings Inc.

Inno Holdings Inc. is a pioneering building-technology company dedicated to transforming the construction industry. Known for its proprietary cold-formed steel-framing technology and commitment to innovative solutions, Inno is revolutionizing the way structures are built by delivering more efficient, cost-effective, and environmentally friendly solutions.

Forward-Looking Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the expected trading of its shares of common stock on the Nasdaq Capital Market and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Investor and Media Contacts

Inno Holdings Inc.
Solomon Li, CFO
Phone: (800) 909-8800
Email: investor@innoholdings.com

RedChip Companies Inc.
Rob Foley
Phone: (407) 644-4256
Email: INHD@redchip.com

SOURCE: Inno Holdings Inc



View the original press release on accesswire.com

FAQ

What is Inno Holdings Inc.'s ticker symbol?

Inno Holdings Inc.'s ticker symbol is Nasdaq:INHD.

How does Inno Holdings Inc. aim to revolutionize sustainable building?

Inno Holdings Inc. aims to replace conventional wooden structures with cold-formed steel, emphasizing the significant reduction in material waste and the 100% recyclability of steel scrap.

What is the estimated addressable market for innovative technology solutions in the construction industry in the US?

The addressable market for innovative technology solutions in the construction industry in the US is estimated at $40 billion, indicating substantial growth potential for Inno's sustainable building solutions.

Inno Holdings Inc.

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