Prescient, a Denver-based software design and structural system manufacturing company, today announced it has secured $3 million of a $10 million funding round and will bring a Houston-based manufacturing facility online in 2014 to meet the growing demand for its innovative structural system.

Prescient's patented structural system can be employed in buildings up to 12 stories, and it is faster, better, greener and cheaper than wood, concrete or other framing options. The Prescient system uses light gauge, cold-rolled steel, and provides as much as 35 percent savings over other structural engineering methods and assemblies. The system can be erected in a fraction of the time of other engineering assemblies on any type of foundation.

'We are seeing growing demand for our system in Colorado and across the country,' said John Vanker, Prescient's CEO. 'We are currently in talks with major building companies and installers, and are moving ahead with a facility in Houston which will double our annual manufacturing capacity to 10 million square feet while providing direct access to the major U.S. growth markets of Texas, Louisiana and the South Central Region.'

Houston area construction is booming, and according to the Greater Houston Partnership, $5.8 billion in construction permits will be issued in 2013, a 17.5 percent increase over 2012.

Of the more than 9 million square feet of active projects in the Prescient sales pipeline, 2.5 million square feet are in the advanced design and contract phase. The first two buildings using the Prescient system were completed in Denver in 2013: the B Street LoHi building in the Highlands neighborhood, and a 60,000-square-foot apartment building at University Station. 'Our next project is scheduled to go vertical the third week of November,' added Vanker.

About Prescient

Prescient is a manufacturing and technology company that offers a faster, greener and more cost-effective alternative to conventional building structures. Prescient's primary market segment is multi-unit buildings and residential construction, including apartments, condos, senior and assisted living communities, hotels and college and military dormitories. Prescient provides a unique and efficient value proposition based on proprietary technology and lean manufacturing. The company is backed by Kanusul Investments Pte. Ltd., a private equity fund based in Singapore. For more information, visit http://www.prescientco.com or on Twitter at https://twitter.com/PrescientCo and Facebook at https://www.facebook.com/PrescientDesignAndConstruction.