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CAMBRIDGE, Mass., Aug. 09, 2016 -- GCP Applied Technologies Inc. (NYSE:GCP) announced today that it has completed the acquisition of all intellectual property and related assets within SensoCrete™, a Canadian technology company in the ready mix concrete industry.
The patented SensoCrete probe technology will augment GCP’s successful Verifi® system which uses sensors installed on ready mix trucks to measure, manage and record concrete properties in transit. Using cloud-based technology, Verifi customers are connected with real-time data that helps to improve the quality and performance of their concrete, increase productivity and accelerate job completion.
Incorporating SensoCrete technology into the Verifi system will extend the number and type of concrete properties measured. GCP’s sensor technologies, construction chemicals, and technical service expertise will offer ready mix customers an even greater range of accurate data, and in turn, significant commercial advantage.
“We pioneered data-driven concrete management in 2010 and have been leading the market ever since. By continuing to invest in our technology, GCP is helping our customers to win through improved quality, performance and productivity,” said Adam Grose, President, GCP Specialty Construction Chemicals. “Now we’re expanding our patent portfolio and broadening our technology offering in order to further enhance our business model and customer value proposition.”
“We are witnessing strong demand for Verifi, and we’re confident that the incorporation of SensoCrete will further accelerate this trend. GCP provides our customers with unprecedented visibility into their operations and their own delivered product,” said Grose.
For additional information please visit gcpat.com
About GCP Applied Technologies
Through applied knowledge and service excellence, GCP Applied Technologies (NYSE:GCP) provides premier specialty construction chemicals and specialty building materials for many of the world’s most renowned structures, and packaging technologies for the best-known consumer brands, delivering results for all our customers. With customers in 110 countries, operations on six continents, and a team of approximately 2,850 employees, GCP Applied Technologies had 2015 net sales of US $1.4 billion. Formerly part of the W.R. Grace & Co. group, GCP Applied Technologies Inc. became a NYSE-listed company (GCP) in February 2016, headquartered in Cambridge, Massachusetts, USA. More information is available at gcpat.com.
Contacts: Media Relations Victoria Dew [email protected] 617-335-9542 Investor Relations Joe Decristofaro [email protected] 617-498-2616
