DUBAI, UAE - February 20, 2025 (NEWMEDIAWIRE) - Blackwell 3D Construction Corp. (OTC: BDCC) (“Blackwell 3D” or the “Company”), an innovative 3D house printing technology company, has signed a Memorandum of Understanding (MOU) with the National Human Resource Development Organization (NHRDO) of India to develop affordable housing units across the country.
This collaboration aims to introduce cutting-edge 3D printing technology to the Indian housing sector, enabling the rapid construction of high-quality, cost-effective, and sustainable residential units. By leveraging automated, AI-driven 3D printing techniques, this initiative will help bridge the housing gap and support India’s national mission for affordable housing for all.
Mitesh Rasaikar, Chief Technology Officer (CTO) of Blackwell 3D, believes that “this partnership marks a major milestone in revolutionizing the way homes are built in India. Traditional construction methods often struggle to meet the rising demand for affordable housing due to high costs, long timelines, and material inefficiencies. With 3D printing, we can construct durable, customizable, and energy-efficient homes in a fraction of the time and cost. Working with NHRDO will allow us to bring this innovation to the communities that need it most, creating a new era of sustainable and accessible housing solutions.”
On behalf of NHRDO, Jaffer Khatri added that “we are committed to driving impactful housing solutions across India. Partnering with Blackwell 3D enables us to implement futuristic, technology-driven construction methods that will redefine the affordable housing landscape. Together, we aim to accelerate homeownership opportunities for low- and middle-income families while promoting sustainable urban and rural development.”
Key Objectives of the Agreement:
- Deploy 3D-printed construction technology for large-scale affordable housing projects.
- Execute pilot projects to demonstrate the feasibility and durability of 3D-printed homes.
- Enhance local expertise by developing training programs for construction workers and engineers.
- Collaborate on research & development to optimize materials and designs suited to India’s climate and infrastructure needs.
- Engage with government and policymakers to establish national standards for 3D-printed housing solutions.
By integrating automation, AI, and advanced construction robotics, Blackwell 3D and NHRDO aim to:
- Reduce construction time by over 50% compared to traditional methods.
- Cut material waste, making housing more eco-friendly and cost-efficient.
- Ensure structural integrity with disaster-resistant, climate-adaptive homes.
- Customize housing designs to fit urban and rural development needs.
This technology-driven approach is aligned with India’s affordable housing and smart city initiatives, ensuring faster, scalable, and more sustainable housing solutions for millions of people.
The transaction is and will be subject to a range of conditions, including, but not limited to, Blackwell 3D and NHRDO entering into a definitive agreement (the "Definitive Agreement") containing terms and conditions outlined in the MOU, as well as representations and warranties, conditions, and other provisions all customary for transactions of this nature. The MOU creates a binding obligation on both parties to take reasonable best efforts to complete due diligence and enter into a Definitive Agreement. Updates on the status of the Definitive Agreement will be provided as they become available.
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.
Contact:
Investor Relations
IR@BLACKWELL3D.COM
+1 (702) 718-0807
View the original release on www.newmediawire.com
