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Project Frog CEO Ann Hand on the company’s growth constructing energy efficient, pre-fabricated buildings at a low cost.
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Well -- invested 22 million dollars in a company last year that hopes to become the apple of the pre fabricated building industry.
How do they plan to build their way to the top well let's find out joining us now on the Fox Business exclusive prospect -- CEO.
And -- but I love of -- term fraud could you began this in 2006.
What exactly does project -- do what this front stand for.
Yeah well that's it stands for really kind of the new way of building -- -- -- component buildings to builders and architects for commercial construction.
The result is highly functional energy efficient buildings ago super fast -- -- looking.
You will walk -- BP for some twenty years while yes what an -- -- you decide to jump out of that environment say I want a Bill Clinton in his sure sure so.
You know for us it was you know we do build permanent building so that I containers okay -- -- to stand the test of time and and they're quite aesthetically beautiful but.
-- Soledad BP -- had a wonderful experience for twenty years.
Really understand the energy supply -- working never nobles and cleaner fuels and it just felt right to apply it to the built environment which contributes about 40% of the emissions from housing -- since those early days in Knoxville.
It's gone greatest of the great lesson to join a startup company we've now gotten to the successful fundraisers you kindly mentioned.
And you know to do -- a tough economic environment I think has really.
Helped us prove the fact that we need to be resilient we have to continually get the cost down of our buildings -- -- buildings up faster.
Make sure we're driving up at a static so it's exciting to see large health care companies and others really -- -- -- you've constructed -- around 25 billions what is the average cost of those those buildings yeah it's kind of hard to say because you know education costs quite differently than medical facilities but the key thing is is that right now on the traditional construction project only about 20% of what gets put into the final building.
Price point wise is materials and about 40% as risk and overhead and so for us we really want to reverse that equation so.
-- were more like Boeing.
We apply quality manufacturing approach and our attitude is this if Boeing can assembles 737 and a matter of days then why's it taking 24 months ago the health care clinic -- -- -- the point now how do these these structures -- literally come into.
In a flat back and you take it out you just put it together precisely and that's why we say component billions it's so important to us because map -- construction means that it's affordable to show up -- not -- -- boxes of there.
It also means that were able to put these panels up kind of -- imagine a really high end building living -- like.
So it goes up quickly but we don't have to sacrifice some big column free space great -- -- -- -- daylight mean.
Air quality acoustics so it's up -- -- component approach that allows us to really.
Put something out there -- looks very high end like it's the spoke architecture impressive.
They have three G investment 22 million dollars.
Anyone else coming into the fold well we have great partners we have some of the largest health care providers out there that are buying our buildings and you know the race for distributed healthcare and affordable health care it's really.
-- -- -- to ride the wave of Health Care Reform.
And help them deliver -- buildings faster scrape.
But we work with great manufacturing partners like -- but also like YKK and others because -- -- -- partners right yeah its really those top partners of hate enable us use their manufacturing techniques and bring it to construction company people with the you know a company you know you can expand 35 and growing.
Yeah I it's exciting I mean for us because we've moved through that tough kind of start up stage and now we're in our right scaling stage.
We're constantly high grade in the south looking for the best athletes and it's.
It's about bringing architecture construction disciplines to the table but also product designers.
Manufacturing experts well best to look at the futures you continue to to expand upfront by the way flexible flexible response to ongoing growth.
Yeah -- I love it and hand and a CEO of fraud thank you so much for being hit by appreciate it I for the closing bell -- in.
