DUBAI, December 11, 2024 (GLOBE NEWSWIRE) — Blackwell 3D Construction Corp. (OTC: BDCC) (“Blackwell 3D” or the “Company”), an innovative 3D home printing technology company, is pleased to announce the launch of a self-funded feasibility study. The aim of this initiative is to identify the most suitable locations for a large-scale 3D printed housing project in the UAE. The project represents a significant step towards transforming the construction landscape with the latest technology, with sustainability and efficiency at the forefront.
As part of this initiative, Blackwell 3D works with regional 3D printing manufacturers to design and commission a state-of-the-art, customized 3D printer tailored to the specific requirements of the selected project.
“We believe our printer can revolutionize large-scale construction by providing unparalleled precision, efficiency and adaptability,” said Mohammedsaif Zaveri, CEO of Blackwell 3D. “Our goal is to complete this study in a short period of time so that we can move into the operations and expansion phase of our business plan.”
The feasibility study is expected to follow a structured 8-week schedule to ensure thorough assessment and timely decision making:
- Weeks 1-4: Identify and evaluate potential locations
- Shortlist potential locations in Dubai and Ajman based on infrastructure compatibility, accessibility and regulatory compliance.
- Work with local authorities to align with urban planning goals.
- Weeks 5-6: Analyze soil conditions and environmental impacts
- Conduct geotechnical investigations to assess the stability and suitability of the soil.
- Conduct an environmental impact assessment to address risks and meet sustainability goals.
- Weeks 7-8: Compile results and submit feasibility report
- Consolidate all findings into one comprehensive report, including site recommendations, mitigation strategies, and regulatory considerations.
- Submit the report for review and approval by stakeholders.
The project underlines Blackwell 3D's commitment to sustainability and is in line with global efforts to minimize environmental impact and maximize resource efficiency. The company's collaboration with regional partners ensures that local expertise drives innovation and addresses the region's unique needs.
As previously mentioned, Blackwell 3D is engaging leading manufacturers in the Middle East to develop a bespoke, next-generation 3D printer. This advanced machine will integrate state-of-the-art features to meet the technical requirements of large-scale 3D printed construction projects while complying with local environmental standards.
“Our customized printer is expected to enable us to complete projects with unparalleled precision and sustainability,” Zaveri added. “This collaboration underscores our commitment to leveraging technology and local expertise to redefine construction.”
The main objectives of the initiative include:
- Land identification: Analyze and select land in the UAE for large-scale 3D printed projects.
- Custom 3D Printer Development: Work with regional manufacturers to develop a 3D printer optimized for Blackwell 3D's needs.
- Sustainable development: Align all efforts with sustainability goals to minimize environmental impact and maximize resource efficiency.
Blackwell 3D expects to complete the feasibility study within the planned time frame and will remain updated on the results and subsequent steps. The company remains committed to collaborating with regional and global partners to bring its innovative vision to life and redefine the future of construction.
For more information about Blackwell 3D, please visit our corporate website at www.blackwell3d.com or refer to the submissions below www.otcmarkets.com And www.sec.gov.
About Blackwell 3D Corporation
Blackwell 3D Construction Corp. focuses on developing state-of-the-art 3D technologies for use in the construction industry. Our goal is to be able to use our technology to design 3D printed residential structures that meet our customers' specific needs and preferences. In addition, our goal is to print the structural components of these residential buildings using a large printer and a special concrete mixture. Our printing process is expected to be highly automated, allowing us to create intricate designs and details with precision.
Important note regarding forward-looking statements
This press release contains certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended. Statements that are not historical facts, including statements regarding the Company's evaluation of possible financing and strategic alternatives, the Company's research and development efforts, the Company's prospects for 2024 and the Company's ability to optimize its operations , are forward-looking statements. The words “expects,” “believes,” “estimates,” “intends,” “plans” and similar expressions identify forward-looking statements, although not all forward-looking statements contain these or similar identifying words.
These forward-looking statements are not guarantees of future performance and are subject to various known or unknown risks and uncertainties and assumptions (including assumptions about general economic, market, industry and operating factors) that could cause actual results to differ materially stated or expected. These risks and uncertainties include, but are not limited to: Blackwell 3D's ability to continue as a going concern; Blackwell 3D's ability to raise additional capital to fund its business on acceptable terms or at all; Blackwell 3D's ability to negotiate and complete a financing or other strategic transaction; changes in the competitive industries in which the Company operates and differences in the operating performance of competitors; changes in laws and regulations affecting Blackwell 3D's business; the risk of market and Blackwell 3D industry downturns; risks related to the uncertainty of the projected financial information relating to Blackwell 3D; risks related to Blackwell 3D's limited operating history and loss history; the timing of expected business milestones; Blackwell 3D's ability to execute its business plan and scale its business; Blackwell 3D's ability to formulate, implement and, as necessary, modify effective sales, marketing and strategic initiatives to drive revenue growth; Blackwell 3D's ability to expand internationally; the viability of Blackwell 3D's intellectual property and any intellectual property created in the future; governmental regulations and Blackwell 3D's ability to obtain applicable governmental approvals and comply with governmental regulations; and the outcome of any legal proceedings that may be brought against the Company. For a further list and description of risks and uncertainties, see recent filings with the Securities & Exchange Commission (www.sec.gov) along with additional disclosures provided to OTC Markets Group Inc. (www.otcmarkets.com). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those indicated or anticipated in such forward-looking statements. We therefore caution you not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made, except as required by law or required by applicable regulations.
Contact:
Investor relations
IR@BLACKWELL3D.COM
+1 (702) 718-0807
