As we bid farewell to 2023, it's time to take a nostalgic journey through the transformative moments that defined Hempitecture's incredible year. From groundbreaking partnerships to product launches, here are the top moments that made 2023 a year to remember:
1. Inauguration of the First Hemp Insulation Manufacturing Facility: In a historic move, Hempitecture commissioned the first hemp insulation manufacturing facility in the United States. This achievement not only signifies a major milestone in sustainable building materials but also reflects our commitment to making innovative products more accessible to our valued community. The ribbon-cutting ceremony on February 15th marked a pivotal moment, symbolizing the realization of our vision to bring sustainable materials to the market in the USA.
2. National Distribution Expansion: Our dedication to sustainability reached new heights with the expansion of our distribution footprint to 7 key centers nationwide. This expansion is a testament to our commitment to bringing sustainable solutions to a broader audience, making it easier for individuals and businesses to embrace eco-friendly building practices.
3. Pivotal Partnership with the Department of Energy: One of the standout moments of 2023 was our momentous partnership with the Department of Energy through Oak Ridge National Lab.
4. Collaborations with Esteemed Institutions: Collaborations with prestigious institutions such as the University of Idaho and the Integrated Design Lab propelled our research and development efforts to new heights. Our executive leadership team had the honor of speaking at renowned events, including Field to Form at Parsons School of Design, the Regenerative Metropolis hosted by New York Passive House, and the Natural Builders Conference.
5. Revenue Growth and Record-Breaking Year: Hempitecture's commitment to excellence is reflected in our financial achievements. We expanded revenue every year since 2018, and 2023 witnessed our largest revenue and year-over-year revenue gain in company history. This success is a testament to our growing influence in the biobased insulation industry.
6. Team Expansion and $1.1 Million Contract: Exciting news unfolded as we announced the expansion of our team and a groundbreaking $1.1 million contract with the New York State Energy Research and Development Authority (NYSERDA). This marks a significant milestone in our journey towards decarbonizing the building stock, showcasing our commitment to sustainable growth.
7. Intellectual Property Filing for Innovation: Our dedication to innovation is further solidified with the recent filing for Intellectual Property for numerous product and process concepts. This step reinforces our commitment to pushing the boundaries of what's possible in the biobased insulation industry. We are excited to share our new roster of amazing products in the New Year with you!
8. The Launch of Hempitecture's Affiliate Program - Greener Guild: In 2023, we proudly launched the Greener Guild Affiliate Program, inviting passionate individuals to join us in promoting sustainable living. Greener Guild empowers advocates of eco-friendly practices to earn rewards while contributing to a greener planet. Join us in building a community committed to sustainability!
As we reflect on these achievements, we express our deepest gratitude to our incredible community—our dedicated team, valued customers, investors, and everyone who has championed the cause of Hempitecture. Your support has been instrumental in our success.
Looking ahead to 2024, we are excited to announce the launch of a capital campaign to support our ambitious growth initiatives. We invite you to stand by us as we embark on this new chapter in the coming year. Here's to a year of triumphs, growth, and the indomitable spirit of community that defines Hempitecture.
Thank you for being an integral part of our extraordinary journey.
Wishing you a joyous holiday season and a prosperous New Year!
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