RadMax Technologies, Inc.
Climate Impact & Sustainability Data (2015, 2019, 2023-04-30, 2024)
Reporting Period: 2015
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Complete and test the RadMax™ Diesel Engine for presentation to potential licensing and joint venture partners.
Environmental Challenges
- The company is a development stage enterprise with constraints on financial and personnel resources, lack of established credit facilities, and uncertainties regarding product development and future revenues.
- Reported losses in each year since inception with an accumulated deficit of $12,727,365.
- No assurance that a commercially feasible product will be perfected or become profitable.
- Requires additional financing and may not be able to secure it.
- Lack of experience in manufacturing or marketing products.
- Auditors raised substantial doubt about the ability to continue as a going concern.
- Dependence on certain members of staff.
- Potential conflicts of interest due to directors and officers holding positions in competing companies.
- Dependence on consultants and outside manufacturing facilities.
- Potential inability to adequately protect intellectual property.
- Potential product errors.
- Competition possesses greater technical resources and market recognition.
- Market prices for products may decline.
- New technology could render products obsolete.
- Potential product liability claims.
Mitigation Strategies
- Plans to raise additional capital through debt and/or equity financing, including the exercise of warrants and options.
- Seeking licensing and/or joint venture arrangements with larger companies.
- Receiving interim support from related parties.
- Intending to retain future earnings to finance operations and growth.
- Developing and testing the RadMax™ Diesel Engine to present to potential partners.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2019
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Energy Efficiency
- Greenhouse Gas Emissions Reduction
Environmental Achievements
- Potential to save up to 150 billion kWh of electricity annually in the US A/C & refrigeration industry and eliminate up to 150 million tons of CO2 and other GHGs.
- Potential to recapture up to 20% of energy lost during natural gas depressurization, representing billions of kWh and eliminating millions of tons of GHG emissions.
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Sell the company within the next two years
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- RadMax Expander / Generator (TPXG)
Awards & Recognition
- Not disclosed
Reporting Period: 2023-04-30
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- The Company experienced a negative impact to its operating results due to the COVID-19 pandemic disrupting supply chains and affecting production and sales.
Mitigation Strategies
- The Company receives interim support from related parties and plans to raise additional capital through debt and/or equity financings. Ongoing R&D projects are funding current operations and with additional R&D project funding, the Company believes will have sufficient funds available to meet its next 12 months obligations.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- RadMax sliding axial vane technology, designed for high output to weight ratios, reducing carbon footprint, device size, weight and parts count, while increasing fuel and manufacturing efficiencies.
Awards & Recognition
- Not disclosed
Reporting Period: 2024
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Emissions Reduction
- Renewable Energy
- Sustainability
Environmental Achievements
- Reduced methane emissions at natural gas wellheads and pressure letdown stations through the use of the RadMax Expander-Generator (RXG).
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Commercialization of the RXG technology
Environmental Challenges
- Derisking the RadMax Expander-Generator (RXG) technology and proving its technical and economic viability.
Mitigation Strategies
- Successful completion of over 4,200 runtime hours of data collection and analysis at ATCO’s distribution facility.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- RadMax Expander-Generator (RXG)
Awards & Recognition
- Not disclosed