Innovequity Approved for $600,000 Grant

December 10, 2008

Innovequity Inc. has been approved for a $600,000 grant to build the prototype Geometric Construction System by Precarn Canada.

After an exhaustive diligence and investigation period performed by Precarn’s expert subcommittee the Precarn board voted to approve Innovequity’s first major funding package. These funds will provide the company with the capital required to build a prototype machine that will prove the cost savings potential of this technology and much else. With a functioning prototype Innovequity will have the ability to raise all investment capital required to build a fully functioning test factory that produces sellable structures in a highly automated fashion.

Precarn Canada