Brahman Industries, the developer of a tsunami and flood shelter system known as the STATIM, announced Thursday it has entered into a collaborative agreement with Martínez Marine Design Inc and Creative Systems Inc. to validate the structure’s design and capabilities and move forward to producing and testing full-scale prototypes.
A little over a month after turning to online investors for financing, Brahman Industries, the developer of a tsunami and flood shelter system known as the STATIM, announced it has received seed funding of up to $125,000 from Estabrook Ventures to build and commercialize the invention.
Miguel Serrano, the local inventor and developer of the STATIM tsunami and flood shelter project, announced Thursday the launching of a global “crowdfunding” campaign to raise the $100,000 in financing he needs to expedite plans to build and commercialize his novel disaster preparedness technology.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
