DUBAI, UAE - January 16, 2025 (NEWMEDIAWIRE) - Blackwell 3D Construction Corp. (OTC: BDCC) ("Blackwell 3D" or the "Company"), an innovative 3D house printing technology company, is pleased to announce that it has entered into an agreement with Mr. Narshimulu Madugula, a prominent landowner near Hyderabad, India, to develop a 25-villa residential project using cutting-edge 3D construction techniques. This collaboration aims to bring sustainable, cost-effective, and innovative housing solutions to the region.
As a crucial first step, Blackwell 3D has commenced field studies, feasibility assessments, and soil testing to evaluate the compatibility of 3D-printed construction with the local terrain. These studies will determine the viability of deploying large-scale 3D printing technology in the region's topography and ensure the project meets the highest standards of structural integrity and durability. Upon successful completion of these assessments, the project will move into subsequent phases of planning, design, and construction.
In parallel, Blackwell 3D is in the midst of acquiring a 3D construction printer under a lease-to-own model for this project and future projects in India. This approach will allow the company to adopt the most advanced technology while optimizing costs, efficiency, and scalability for future projects in India.
Mohammedsaif Zaveri, CEO of Blackwell 3D, expressed his enthusiasm about the venture and believes,"This agreement marks an exciting step forward in our global expansion and commitment to revolutionizing the construction industry. India presents a tremendous opportunity for 3D-printed housing, and we are confident that our technology will deliver faster, more sustainable, and cost-effective homes. The feasibility studies will be instrumental in ensuring our methods align with the local terrain, and we look forward to advancing into the next phases of development."
Mr. Narshimulu Madugula, landowner and key collaborator, states, "Partnering with Blackwell 3D allows us to introduce state-of-the-art 3D construction technology to Hyderabad, setting a new benchmark for the future of housing in India. This collaboration will not only provide high-quality, durable homes but also pave the way for more sustainable and efficient construction practices in the region. We are excited about the possibilities this project presents."
With this initiative, Blackwell 3D aims to showcase the transformative potential of 3D-printed construction in India, creating a scalable model for future residential and commercial developments. The Company remains committed to driving innovation, reducing construction timelines, and enhancing sustainability in the real estate sector.
For further information about Blackwell 3D, please visit www.blackwell3d.com or refer to filings available at www.otcmarkets.com and www.sec.gov.
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.
