Pre­scient moves HQ from Ar­vada

The Denver Post - - BUSINESS - By Ta­mara Chuang

High-tech con­struc­tion firm Pre­scient Co. an­nounced Wed­nes­day it will move its cor­po­rate head­quar­ters to North Carolina af­ter call­ing the Denver-area home for the past five years.

The com­pany, which re­cently raised $40 mil­lion in ven­ture cap­i­tal, said that about six of its ex­ec­u­tive, sales and fi­nan­cial staff are in the process of mov­ing from its Ar­vada of­fices to a new of­fice space in Durham, N.C.

The com­pany, which em­ployed nearly 300 peo­ple here in the spring, will con­tinue to have a large pres­ence in Ar­vada, where it has a 120,000-square foot man­u­fac­tur­ing plant.

“The Ar­vada plant is still the heart­beat of ev­ery project de­vel­oped west of the Mis­sis­sippi River,” com­pany spokes­woman Melissa Chris­tensen said. “…As we con­tinue to grow, we are cre­at­ing new jobs in both (Denver and North Carolina) mar­kets, and look for­ward to con­tin­ued growth. We’ve dou­bled our growth (year over year) since our in­cep­tion in 2012, and this news is ev­i­dence of this growth.”

In a state­ment, Satyen Pa­tel, chair­man and for­mer CEO of Pre­scient said, “Re­lo­cat­ing our head­quar­ters will al­low us to ex­pand our na­tional foot­print and bet­ter ac­com­mo­date cus­tomers along the East Coast, from Maine to Mi­ami.”

Pre­scient, which started in 2012, cap­tured the at­ten­tion of the con­struc­tion in­dus­try by mash­ing to­gether tech­nol­ogy that pro­vides pre­cise de­sign and man­u­fac­tur­ing to build apart­ments, ho­tels and other com­mer­cial build­ings faster, cheaper and greener.

Its tech­nol­ogy helps speed up the process of build­ing a mul­ti­story struc­ture, from engi­neer­ing and de­sign to man­u­fac­tur­ing.

Since ma­te­ri­als are man­u­fac­tured to pre­cise mea­sure­ments and then as­sem­bled on site, it be­comes like a jig­saw puz­zle filled with the right-sized pieces for con­struc­tion work­ers to put to­gether.

The com­pany also opened its new plant in Me­bane, N.C., on Wed­nes­day, which dou­bles the com­pany’s an­nual ca­pac­ity to 11 mil­lion square feet.

The North Carolina plant is ex­pected to even­tu­ally em­ploy 200 peo­ple.

The head­quar­ters in North Carolina will even­tu­ally em­ploy 60.

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