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Panelshake Corp.

TREX™ for Roofs

  • Stage Full Product Ready
  • Industry Clean Technology
  • Location Coos Bay, OR, USA
  • Currency USD
  • Founded April 2012
  • Employees 2
  • Website

Company Summary

Panelshake Corp. controls the enabling technology to transform the bulk of the $21 B/yr US roofing market from oil-derived asphalt shingles to natural-gas derived polyethylene based composites. Panelshake's patented & demonstrated roofing products emulate shakes, shingles, tile and slate are made from recycled polyethylene & natural fibers and offer premium aesthetics and durability for the price of asphalt. Cleantech Open Sustainability Winner


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    Deepak Shrestha
    VP Manufacturing

    Ph.D. Structural Engineering, University of Wisconsin.
    Was technical lead for Teel Plastics, which brought to market specialty NFC products originally developed by Dr. Felton as well as experience in testing & code certification of a wide-variety of building products as general manager of PFS Corporation

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    Paul D Palmer

    Experienced composite materials entrepreneur and business development executive. Developed ThermoFibergen’s (now Green Bay Decking) plastic composite decking in the late 1990’s and cofounder of Exothermics, Inc.
    BS Aerospace Engineering from MIT & MBA from Northwestern University.

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    Colin C Felton
    CEO, CTO

    BS, MS, Ph.D. Chemical Engineering.
    Initially started Global Resource Technologies in 1996 to commercialize laboratory-developed natural fiber thermoplastic composites from the USDA Forest Products Laboratory in Madison, Wisconsin.

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    Alan Thielemann
    Advisory Board Member

    Former Georgia Pacific VP for composite products development, and now on the board of three “green” materials startups

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    Mark Eliasson
    Vice President of Sales

    Was GAF Roofing Sales VP for 15 yrs.

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    Paul Smith
    Advisory Board Member

    Professor of forest products marketing at Penn State with experience in assessment of the natural fiber-plastic composites market

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    Mehdi Tajvidi
    Advisory Board Member

    Visiting Professor of Chemical Engineering at University of Waterloo. Has fundamental understanding of the complex interactions of polymers and fibers in composite materials including dynamic and static mechanical properties and environmental durability.

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    Trent N. Nevills

    Specialist in financial analysis. CFO with Carbon Audio, Ten 01 Capital Management, Inc and Tweakerlabs. Formerly with Lattice Capital Management, LLC, Columbia Management and QED Capital Management.
    MBA computational finance at Carnegie Mellon Tepper School of Business and BS in Mathematics at University of Washington.


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    Mark Haddad, Foley Hoag LLP
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    Dale Miller, DMA Tax & Accounting

Previous Investors

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    Elk Corporation
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    Teel Plastics Inc