AP NEWS

CEMEX Ventures Invests in Mexican Startup

May 16, 2018

MADRID--(BUSINESS WIRE)--May 16, 2018--CEMEX Ventures announced today that it invested in PRYSMEX, a Mexico-based startup that offers a solution capable of detecting and helping to prevent workplace accidents through the Internet of Things and real-time data collection.

PRYSMEX’s innovative solution features a web platform with a collaborative management app that monitors the environmental and geolocation variables of unsafe acts and conditions on customized 3D maps, enabling real-time decision-making and increased industry safety and productivity.

The solution marks a fundamental advance in health and safety for the construction sector. Through the Internet of Things, PRYSMEX enables a comprehensive analysis of data such as impacts, light and noise levels, locations, temperatures, and the presence of toxic gases, among others. Placed on the workers’ helmets, PRYSMEX devices monitor and communicate in real time users’ conditions, alerting them to potential situations and high-risk areas. In addition, its web application provides an analytical report of workers’ and plant conditions, enabling better workplace decision-making and accident prevention at all times.

CEMEX evaluated the solution, and after its successful trial period, installed PRYSMEX technological solution at all its cement plants in Mexico. In addition to CEMEX Ventures’ investment in the application, PRYSMEX will enjoy access to a wide-ranging portfolio of strategic industry contacts, fostering the execution of new projects in international markets. This solution offers CEMEX another important tool to promote its employees’ health and safety —its top priority.

Founded by chemical engineer Susana Ruiz and civil engineer Patricio de Villa in Monterrey, Mexico, PRYSMEX was the finalist of CEMEX Ventures Startup Competition 2017 and is now part of the company’s portfolio.

Launched in 2017, CEMEX Ventures focuses on helping overcome the main challenges and opportunity areas in the construction ecosystem through sustainable solutions. CEMEX Ventures has developed an open collaborative platform to lead the revolution of the construction industry, engaging startups, entrepreneurs, universities, and other stakeholders to tackle the challenges in the construction environment and shape the industry’s future. For more information, please visit: www.cemexventures.com

CEMEX Ventures assumes no obligation to update or correct the information contained in this press release.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180516006389/en/

CONTACT: CEMEX Ventures

Media Relations

Cristina Aparicio, +34 91 377 9248

aparicio.cristina@cemexventures.com

or

CEMEX

Media Relations

Jorge Perez, +52(81) 8888-4334

mr@cemex.com

KEYWORD: UNITED STATES MEXICO EUROPE NORTH AMERICA CENTRAL AMERICA NEW YORK SPAIN

INDUSTRY KEYWORD: BUILDING SYSTEMS TECHNOLOGY DATA MANAGEMENT CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY

SOURCE: CEMEX Ventures

Copyright Business Wire 2018.

PUB: 05/16/2018 04:30 PM/DISC: 05/16/2018 04:30 PM

http://www.businesswire.com/news/home/20180516006389/en

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