ExxonMobil Announces Licensing Agreement to Expand Proprietary Rebar Processing Technology to Global Markets
ExxonMobil announced today a strategic licensing agreement with Neuvokas Corporation, producer of GatorBar®, an industry leading glass fiber reinforced polymer (GFRP) composite rebar. Under this agreement, ExxonMobil has obtained exclusive rights to sub-license Neuvokas’ proprietary manufacturing process in markets outside of North America. This collaboration marks a significant step towards expanding the global market of composite rebar within the concrete reinforcement sector.
ExxonMobil’s Proxxima™ system’s ultra-low viscosity and snap cure technology, paired with Neuvokas’ innovative process, enables production speeds up to 20 times faster than traditional composite rebar methods. This process efficiency makes GatorBar® one of the most cost competitive alternatives to traditional steel rebar.
GatorBar® inherently results in corrosion free, lightweight, long-lasting GFRP rebar while its new Grip technology eliminates slivers common to GFRP competitors. These features further differentiate GatorBar® versus traditional steel by delivering reduced transportation costs, simplified handling, faster installation, potential for design optimizations, and value across a broad range of projects.
The collaboration highlights both companies’ dedication to driving technology innovation and proving cost-effective solutions for the construction industry.
Last Updated on 1 month by News Desk 1
