Eco Depot Acquires Remaining Shares of Development One

Eco Depot Inc. has announced their acquisition of Development One Nanotechnologies and Energy Inc. 

Development One is a Wyoming-based corporation specializing in the R&D of nano carbon atoms and polymer products within the coatings and construction industries. Eco Depot Inc has acquired all outstanding common shares of Development One.

Development One has previously developed a proven coating for the industrial space capable of increasing strength by 300% while lowering friction. It is also less abrasive and lubricating than other options. They have also developed other products like cement additives which can improve tool life and efficiency in the oil and gas industry. 

Eco Depot acquires, manages, and develops eco-friendly real estate assets and consumer and industrial brand products. Development One works with industry leaders to address infrastructure issues related to corrosion. Between their R&D skills and Eco Depot’s focus on investing in green technologies, the two companies will continue to advance the future of concrete while reducing the carbon footprint of the industry.

Are you developing new software for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at or contact your usual Swanson Reed representative.

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