ECOR Global Inc. Secures Funding from Phalanx Impact Partners to Accelerate Capital Projects

Investment from Phalanx Impact Partners to Fuel ECOR Global Inc.'s Sustainable Materials Expansion

New York, NY - ECOR Global Inc., a leader in manufacturing sustainable materials and circular solutions for the building products and packaging markets, has secured funding from Phalanx Impact Partners. The US-based impact-driven private equity firm is known for investing in companies that drive positive environmental and social impact. This funding will enable ECOR to further accelerate its capital projects, expand its operations, and develop cutting-edge materials to address global challenges related to resource depletion and environmental degradation.

ECOR's innovative approach involves converting agricultural waste and select by-products into sustainable building and packaging materials without using toxic binders. This process produces fully recyclable products, such as ECOR-Ply, the world's first fully recyclable plywood that meets industry standard specifications. ECOR-Ply has various applications, including flooring, cabinetry, furniture, retail displays, and more.

The investment from Phalanx Impact Partners marks a significant milestone for ECOR as it prepares to increase its production capacity and distribution of its proprietary materials solutions. With this funding, ECOR will focus on pre-construction design, commercial work for its first US facility, expanding its operations in Serbia, and developing materials that address pressing global challenges.

Jay Potter, Co-Founder and CEO of ECOR, expressed excitement about partnering with Phalanx and revolutionizing the way materials are produced and repurposed. The funding will enable ECOR to scale its operations, meet contracted demand, and create a more sustainable and circular economy for its growing customer base.

Phalanx Impact Partners is recognized for its strategic investments in companies that prioritize sustainability, circularity, and technological advancements. Their decision to invest in ECOR showcases their confidence in ECOR's innovative approach to providing healthy and sustainable material alternatives.

John Pantalena, Partner at Phalanx, stated that they are proud to support ECOR in their mission to create sustainable solutions. He also highlighted the potential for ECOR to offer a more beneficial use for agricultural mass that is not consumable and has historically been disposed of in environmentally damaging ways. Pantalena emphasized that ECOR's commitment to environmental stewardship and circular design aligns perfectly with Phalanx's investment philosophy.

ECOR focuses on transforming natural fibers and recycled materials into versatile, high-performance composites. These composites have applications in various sectors, including flooring, furniture, packaging, and consumer goods. In addition to ECOR-Ply, the company offers ECOR-1 with applications in flooring, cabinetry, furniture, and retail displays. ECOR also has the ability to produce custom formulated materials to meet customer needs.

The funding from Phalanx will enable ECOR to accelerate its development initiatives and complete the design and commercial work for its first planned US facility. Over the next year, ECOR aims to partner with infrastructure capital firms to further accelerate its growth and meet the increasing customer demand for its products.

Both ECOR and Phalanx are excited to expand market awareness of ECOR's unique products, planned facilities, and commitment to building a more sustainable environment for industries and consumers.

About ECOR:

ECOR is a pioneering company in the sustainable materials industry, specializing in creating advanced composites from natural fibers and other recyclable materials. With a commitment to circular design principles, ECOR aims to drive positive change in various industries and contribute to a more sustainable future.

About Phalanx Impact Partners:

Phalanx Impact Partners is a New York-based private equity firm that invests in early to growth-stage companies driving positive change in sustainable industries. The firm's mission is to create lasting value for both investors and the planet.

For more information, visit phalanx.partners and ecorglobal.com.