Market Overview

CEMEX Ventures Invests in Smart Concrete Space Through Concrete Sensors

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  • Concrete Sensors, an Internet of Things company focused on
    construction, uses real-time data from wireless sensors, enabling the
    most accurate solution to accelerate schedules.
  • This is CEMEX Ventures' first investment in smart concrete technology,
    which enables customers to save money and reduce schedules by weeks,
    all while improving quality.

CEMEX Ventures announced today an investment in Concrete Sensors, a
U.S.-based startup that enables contractors to accelerate their
schedules through accurate real-time monitoring of temperature, relative
humidity, and strength with any mix design of concrete.

Concrete Sensors, an Internet of Things company focused on construction,
uses embedded wireless sensors, combined with a mobile app, to supply
the data needed to make critical decisions with a high degree of
accuracy. The combination of data and in-house concrete lab calibration
enables their customers to save money and reduce schedules by weeks, all
while improving quality.

This solution represents a major breakthrough in the construction
industry, allowing teams to not only avoid schedule delays, but also
optimize their workflow. Every concrete pour is unique, making
management difficult and increasing a project's risk. After concrete
pouring, installed on-site sensors are automatically activated to
immediately analyze the concrete, ensure quality, and create efficiency.
Sensors continually collect data, reporting on performance and alerting
contractors of issues before they happen.

Concrete Sensors' solution has already been used by some of the largest
and most sophisticated contractors such as Turner Construction Company
and Skanska. This user-friendly solution has caught the interest of
CEMEX Ventures, Requus Ventures, and Arab Angels Fund, which have
partnered in this investment. All share a common vision with Concrete
Sensors of focusing on the market potential of actionable insights, high
accuracy, superior customer service, and a deep understanding of the
construction industry.

CEMEX Ventures has become a strong lever for growth by facilitating
relationships between Concrete Sensors and strategic players in the
construction market. "We decided to invest in Concrete Sensors because
it is a startup that offers solutions to a broad range of challenges in
construction. It brings added value to CEMEX customers by exploiting our
product benefits and saving costs," said Gonzalo Galindo, CEO of CEMEX
Ventures.

"Requus Ventures is a strategic investor with global reach and targets
investments in the construction and real estate space, such as Concrete
Sensors. These can offer their customers cost and time savings, quality
improvement and can easily be scaled globally. Concrete Sensors has a
great team and offers a simple and scalable IoT solution for the large
and antiquated construction industry. We are excited to have Concrete
Sensors as a portfolio company and look forward to supporting their
future success," said Dino Antzoulis, Managing Director, Requus Ventures.

Omar Darwazah, General Partner at Arab Angel Fund said: "We are excited
to add Concrete Sensors to the fund's portfolio and invest alongside
CEMEX Ventures and Requus Ventures. Concrete Sensors' IoT solution for
the construction sector offers an effective response to the industry's
pervasive challenges and delivers customer cost and time savings and
overall quality improvement. We look forward to helping the company
explore business development and commercial opportunities in the MENA
region and capitalize on the infrastructure and construction spending
boom in the GCC."

Launched in 2017, CEMEX Ventures focuses on helping to overcome the main
challenges and capitalizing on the opportunity areas in the construction
ecosystem through sustainable solutions. CEMEX Ventures has developed an
open collaborative platform to lead the revolution of the construction
industry, engaging startups, entrepreneurs, universities, and other
stakeholders to tackle the challenges in the construction environment
and shape the industry's future. For more information on CEMEX Ventures,
please visit: www.cemexventures.com.

Requus Ventures was formed in 2017 with a mandate to invest in
disruptive real estate and construction technology start-ups that are
focused on generating cost savings and optimizing operating efficiencies
for developers, owners and asset managers of real estate globally. For
more information on Requus Ventures, please visit: http://requus.com/investment-strategies/venture-capital/.

Arab Angel Fund (AAF) is an early stage venture capital firm focused on
Seed and Series A investment opportunities with companies that have
international expansion potential. It provides unprecedented access to
brilliant entrepreneurs seeking to enter the Gulf Cooperation Council
(GCC), the larger Middle East & North Africa (MENA) regions and Western
Asia markets. The fund currently has 70 portfolio companies across a
number of different sectors in North America. To know more about Arab
Angel Fund, please visit: http://arabangel.vc/.

CEMEX Ventures assumes no obligation to update or correct the
information contained in this press release. CEMEX Ventures is not
responsible for the content of any third-party website or webpage
referenced to or accessible through this press release.

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