DUBAI, UAE - March 4, 2025 (NEWMEDIAWIRE) - Blackwell 3D Construction Corp. (OTC: BDCC) ("Blackwell 3D" or the "Company"), an innovative 3D house printing technology company, is pleased to announce a major step in its Middle East expansion as its Dubai subsidiary has executed a binding Memorandum of Understanding ("MOU") for the development of a residential project in Dubai South.
This move strengthens BDCC's footprint in real estate development in the United Arab Emirates, aligning with its long-term strategy of leveraging innovative construction methodologies and establishing itself as a key player in Dubai's rapidly growing property market.
Following the signing of this MOU, BDCC is set to play a role in the development of a state-of-the-art residential project in Dubai South- one of the most sought-after real estate destinations in the UAE.
"This agreement represents a significant milestone for BDCC as we expand our presence into Dubai's high-growth real estate sector," stated Mohammed Saif Zaveri, CEO & Founder of BDCC. "Dubai South is an evolving, high-potential area, and we are excited to be part of its transformation. This project marks an important step in BDCC's journey as we continue to establish our presence in key international markets."
With BDCC's strong foundation in modern construction methodologies, the Company remains focused on integrating efficient, sustainable, and high-quality development solutions.
"This expansion is not just about entering a new market- it's about bringing forward-thinking construction strategies that optimize cost, efficiency, and sustainability," declared Mitesh Ashok Rasaikar, Co-Founder & CTO of BDCC. "As BDCC continues to grow, our focus remains on delivering high-value developments that align with the future of urban living."
BDCC's Dubai subsidiary is now in the process of completing all necessary paperwork, official agreements and any governmental permits required, after which project execution will begin. The residential project in Dubai South is expected to contribute to the area's continued growth as a leading hub for real estate investment and sustainable urban planning.
Dubai South is widely recognized for its strategic importance, benefiting from its proximity to Al Maktoum International Airport, major logistics and trade hubs, and key infrastructure developments. With Dubai's real estate sector seeing record-breaking investment growth, BDCC views this project as a catalyst for further expansion in the region.
"We are committed to long-term success in Dubai's real estate sector," added Zaveri. "This project is just the beginning, and we look forward to leveraging our expertise to drive innovation and deliver exceptional developments."
For further information about Blackwell 3D, please visit www.blackwell3d.com or refer to filings available at www.otcmarkets.com and www.sec.gov. Additional information regarding the details of this project in Dubai South will be made available soon.
About Blackwell 3D Corporation
Blackwell 3D Construction Corp. is focused 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 and that meet our clients' specific requirements and preferences. In addition, it is our objective to use a large-scale printer and a specialized concrete mixture to print the structural components of these residential structures. Our printing process is expected to be highly automated, allowing us to create intricate designs and details with precision.
Important Notice 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 about the Company's review of potential financing and strategic alternatives, the Company's research and development efforts, the Company's prospects for 2024, and the Company's ability to fine tune its operations, are forward-looking statements. The words "expect," "believe," "estimate," "intend," "plan" and similar expressions indicate 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 risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated. Such risks and uncertainties include, but are not limited to: Blackwell 3D's ability to continue as a going concern; Blackwell 3D's ability raise additional capital to fund its business on acceptable terms or at all; Blackwell 3D's ability to negotiate and consummate a financing or other strategic transaction; changes in the competitive industries in which the Company operates and variations in operating performance across competitors; changes in laws and regulations affecting Blackwell 3D's business; the risk of downturns in the market and Blackwell 3D's industry; risks related to the uncertainty of the projected financial information with respect to Blackwell 3D; risks related to Blackwell 3D's limited operating history and history of losses; the timing of expected business milestones; Blackwell 3D's ability to implement its business plan and scale its business; Blackwell 3D's ability to formulate, implement and modify as necessary 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 intellectual property created in the future; government regulations and Blackwell 3D's ability to obtain applicable regulatory approvals and comply with government regulations; and the outcome of any legal proceedings that may be instituted against the Company. A further list and description of risks and uncertainties can be found in the most recent filings with the Securities & Exchange Commission (www.sec.gov) along with additional disclosure made available with the 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 vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
