The ECTM Group (formed by ECTM Ingegneria and ECTM Procurement), an engineering, procurement, sanitation and maintenance 4.0 company, has launched blockchain certified sanctions and an equity crowdfunding campaign on Mamacrowd.
The campaign, with a minimum funding target of $168,000 (€150,000) (equal to 2.91% of the capital) and a maximum of $560,000 (€500,000) (equal to 9.09% of the capital), has so far raised over $84,000 (€75,000) from investors. The group has a pre-money valuation of $5.6 million (€5 million) and aims to use the proceeds of the campaign to accelerate technological development and to strengthen communication, marketing and sales activities.
Find out more details about the implementation of blockchain technology by ECTM Group and read the most important business news with the Born2Invest mobile app.
The company specializes in the maintenance of buildings in the sanitary sector
ECTM, founded in 2016 and led by the entrepreneur Domenico Ricciotti, is specialized in the maintenance of buildings and systems in the sanitary field and large condominium complexes. The ECTM Group, based in Rome, has consolidated over the years its expertise in sanitation techniques and disinfection of special environments and systems, such as ISO 5 operating theaters. The company also applied blockchain systems to sanitization: a solution that aims to give the possibility to keep track in a simple and immediate way of the entire supply chain and the sanitizations carried out, the products used and the personnel employed.
“Everything is linked within this unchangeable and proven legal value blockchain. In a period of emergency and uncertainty, such as the one we are experiencing, it is necessary to call in all possible resources to continue to generate value in the current situation and in compliance with the measures that we are all called upon to observe. That is why we have designed new solutions to simplify the lives of citizens, workers and entrepreneurs. We believe that the introduction of blockchain technology is a concrete support also in the face of the choices made by Inail, which has equated the COVID-19 contagion to an accident at work: we give the opportunity to unequivocally demonstrate the proactivity of the entrepreneur in protecting health in the workplace,” explained Domenico Ricciotti, CEO and founder of the ECTM Group.
Technology used to reduce risks and time of technical management
The company has also devised the “condominium method in compliance with standards,” which supports condominium administrators with IT services that reduce the time, costs, and risks of technical management.
In order to contain the spread of the virus and help structures to spread after lockdown, the ECTM Group has also developed a sanitization system that uses the best technologies and methods, as well as hospital-derived products generally used in environments such as operating theaters, to ensure that the pathogenic charge of viruses, fungi and bacteria is reduced by up to 99.999%. Finally, through the development of an ecosystem of portals, the ECTM Group aims to develop a scalable and replicable model to redesign the future of engineering and procurement studies.
In the future, the company aims to: equip the ECTM Procurement team (a subsidiary of ECTM Ingegneria that deals with the execution of the works) with new tools, such as exoskeletons, that will support the construction activity; use Augmented Reality to connect an organized maintenance plant with the various maintenance workers in the field, and Virtual Reality to immerse customers in their projects, thanks to the use of a viewer; maximize the digital marketing strategy, strengthening the automation activities, to offer customers the right service at the right time; open new offices, both in Italy and abroad; list the company on the stock exchange by 2022.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in BeBeez, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Delayed Brazilian entrepreneurship law: the harms to entrepreneurs
Regulations that were signed into Brazilian law on 28 February of this year have experienced a two month delay in...
A divided nation—a divided market: Credit Suisse weighs in on the presidential race
The US has never been more divided and this is being felt in the markets. The outcome of the presidential...
Battle of the markets: attacking the African hinterland
Containerized freight moving through the African continent’s ports is exploding. Even during any period of global deceleration, the continent’s container...
Crypto players want to be better regulated: are they crazy?
It is unusual to hear that a large number of industry stakeholders want stricter regulations, but this is exactly what...
Microfinance: a wise addition to the conscious investor’s portfolio?
In addition to microloans, microfinance institutions are increasingly offering savings accounts, insurance products and other related services, expanding the range...
Featured7 days ago
Green bonds, ESG and Covid bonds in fixed income funds
Featured6 days ago
IOTA secures its supremacy in the energy market with European partnership
Africa6 days ago
How the Ministry of Agriculture is trying to help farmers in Burkina Faso
Featured4 days ago
Are we moving towards 100% renewable energy in the coming years?