Facilitating faster, smarter and stronger construction
Upcoming MEGAjoist (Aust Engineered Solutions P/L)
A game changer in the building industry
The MEGAjoist is a revolutionary, cost effective and environmentally friendly long span joist system that provides rock solid stability in flooring, roofing, decking, or any other platform surface.
Offering at least twice the load capacity relative to traditional truss systems, the MEGAjoist is designed to be load-bearing and to cantilever; significantly reducing the amount of expensive steelwork and hardwood timber beams required for construction projects, hence, materially reducing the costs of construction.
With over 1,500 successful projects completed and revenues in excess of $6.5 million since 2017, we are now drawing the attention of a growing number of architects, engineers, and builders around Australia.
With their technology patented in Australia, New Zealand, and USA, representing a total market opportunity of over $21.8 billion, MEGAjoist is ready to embark on domestic and international expansion.
For as little as $500, you can become a MEGAjoist shareholder and join them as they scale the business.
Australian Engineered Solutions - a business based on innovation
The MEGAjoist was developed by Australian Engineered Solutions Pty Ltd (AES) which was established in 2009. Providing civil and structural engineering consulting services to the construction industry. The founding director and CEO, Darren Hercus, is a qualified and charted structural and civil engineer with over 30 years of industry experience.
AES is committed to developing and supplying superior, innovative, cost-effective and environmentally friendly timber engineered products to the building industry. These revolutionary timber engineered products are the MEGAjoist floor truss and MEGArafter roof truss systems.
The MEGAjoist range of products are fabricated using 97% plantation timber and the connections are fixed with adhesive rather than the conventional metal nail plates or metal struts. All MEGAjoist products and the proprietary adhesive have been thoroughly tested prior to release on the market.
A $21.8 billion market opportunity
With 73% of detached Australian homes built in 2017-18 being of timber frame construction, timber is the preferred frame option in Australia because of its cheaper cost, faster assembly, and greater flexibility. The MEGAjoist roof and truss system offers these same benefits, while being more than double the strength of a conventional truss.
Having spent the last 12 years perfecting the MEGAjoist, AES is ready to scale their operations and capitalise on Australia’s $2.3 billion timber roof and floor truss market.
With registered patents in New Zealand and the United States, AES plans to expand their operations into these international markets, representing a combined $19.5 billion market opportunity.
With tailwinds of increased awareness of wood as a sustainable construction material, MEGAjoist floor and roof trusses offer a cost-effective solution that does not compromise on quality. AES believes the MEGAjoist range of products is well positioned to grow market share within a construction industry that has faced rapid price rises.
Over 1,500 projects completed to date
To date, AES has successfully completed over 1,500 projects in Victoria and New South Wales, having generated revenues in excess of $6.5 million since 2017.
AES's annual turnover in FY23 was $1.25 million AUD, representing a 11% compound annual growth rate (CAGR) increase since FY21. FY23 gross profit was $480,000, representing a gross profit margin of 39%.
Since 2011, the Company’s core focus has been manufacturing the MEGAjoist within its fabrication plant based in the Mornington Peninsula, Victoria. This period has enabled AES to perfect the MEGAjoist fabrication process and prove marketability of the product.
Having invested in the MEGAjoist solution, AES is now ready to facilitate expansion through growth in MEGAjoist licencing agreements and fabrication plants.
AES also plans to establish additional facilities within the Australian market and sell MEGAjoist licenses within Australia and into New Zealand and the USA.
Unmatched in cost, strength and versatility
The MEGAjoist products have many advantages over conventional truss systems:
- Cost effective, time saving and ease of installation. MEGAjoist products can be designed to cantilever, support load-bearing walls, and be raked for balconies. This can significantly reduce steelwork, decrease the necessary quantity of Laminated Veneer Lumber (LVL) beams required and result in significant cost savings in materials and labour.
- Strength. The MEGAjoist is over twice as strong as conventional truss products and is engineered to have superior stiffness properties, providing stability for the completed building structure.
- Environmental credentials. MEGAjoist products are made from sustainably managed forests, consisting of approximately 97% plantation pine. As a result, the manufacturing process produces fewer greenhouse gas emissions compared to traditional materials like steel or concrete, resulting in a lower carbon footprint.
- Design flexibility and versatility. The MEGAjoist systems can be customized to fit specific architectural and design requirements, offering flexibility in creating unique and aesthetically pleasing building structures.
Industry focussed investor rewards
AES is pleased to announce the below shareholder benefits. Not only are you supporting the growth of the Company, but investors who invest $5,000 or more into AES will also benefit from trade discounts on MEGAjoist products and licences.
You can join MEGAjoist as a shareholder by investing as little as $500. However, the below benefits are for those who invest $5,000 or more;
- 5% discount for products bought directly from AES Pty Ltd for a period of 12 months following the closing date of the Offer*
- 5% discount on product royalties paid to AES for any existing or new licensee of MEGAjoist™ for a period of 12 months following the closing date of the Offer.
*This offer is not valid for existing wholesale arrangements with AES.
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Meet the team
Darren Hercus
Director/CEO
Annette Kausche
Director/Secretary
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