DUBAI, UAE - (NewMediaWire) - June 25, 2024 - Blackwell 3D Construction Corp. (OTC: BDCC) ("Blackwell 3D" or the "Company"), an innovative 3D house printing technology company focused on revolutionizing the construction industry by printing environmentally friendly 3D homes in a fraction of the time and at a fraction of the cost of traditional homes, is proud to announce that it is poised to make a significant mark on India's skyline through an upcoming joint venture with Mumbai's esteemed developer, Sterlingspaces Enterprises LLP ("Sterlingspaces"). The collaboration aims to introduce the city's first-ever sustainable high-rise building.
**A Visionary Partnership for a Greener Mumbai**
Set amidst the prestigious Girgaum neighborhood, this upcoming landmark 21-story structure signifies a shared commitment to sustainable urban development. The joint venture will be by and between Blackwell Realtech 3D Printing Construction LLC ("Blackwell Realtech"), a Dubai limited liability company and wholly owned subsidiary of Blackwell 3D, and Sterlingspaces as both companies aim to combine their expertise to pioneer eco-friendly construction practices in India. Through advanced 3D modeling and innovative methodologies, Blackwell Realtech aims to leave its footprint while establishing a new benchmark in sustainable living.
Mohammed Saif Zaveri, CEO of Blackwell 3D, expressed his enthusiasm, stating, "We are thrilled to embark on this transformative journey alongside Sterlingspaces. This venture marks a significant step in our global expansion strategy, promising a project that not only reshapes Mumbai's skyline but also sets a precedent for sustainable construction practices in the region."
Talha Momin, CEO of Sterlingspaces, echoed this sentiment, declaring that "this effort with Blackwell Realtech is set to redefine luxury living and sustainable development in Mumbai. Blackwell Realtech is poised to implement its innovative 3D modeling and methodology by using their proprietary AI technology, which is still in development but almost complete, to create a working scale-model illustrating our commitment to sustainable living."
**Leading the Charge Towards Sustainable Urbanization**
Beyond its architectural prowess, this collaboration symbolizes a broader initiative to revolutionize India's construction landscape. By championing eco-friendly methodologies, the project aims to inspire a new era of sustainable urbanization in Mumbai, serving as a blueprint for future developments.
The parties will endeavor to formalize their collaboration in a written joint venture. However, completion of this written joint venture remains subject to a number of conditions, including satisfactory due diligence, execution of the joint venture agreement, and other conditions customary for transactions of this nature as applicable (the "Joint Venture"). The parties will endeavor to complete and execute the Joint Venture as soon as possible. Nevertheless, there can be no assurance that this Joint Venture will be completed in any form.
For more information, please visit www.blackwell3d.com for the most up-to-date news about the Company.
ABOUT BLACKWELL 3D CONSTRUCTION CORP.
Blackwell 3D Construction Corp. owns certain innovative 3D house printing technology assets aimed at revolutionizing the construction industry. Our goal is to specialize in printing fully functional and livable residential housing and small-scale apartment buildings in a fraction of the time and cost compared to traditional construction methods. Initially, our focus will be on launching in South East Asia. Our 3D house printing process involves using a large-scale printer and a specialized concrete mixture to create the structural components of the house. The printing process is highly automated, allowing us to create intricate designs and details with precision. Our company's unique approach to construction has several advantages. Firstly, our 3D printed houses are much faster to build than traditional houses, taking only a few weeks to complete. Secondly, our process is much more environmentally friendly, producing less waste and using less energy. Thirdly, our construction costs are significantly lower, allowing us to offer affordable housing solutions. We cater to a diverse range of clients, including individuals, businesses, and governments, who are looking for a modern and cost-effective solution to their construction needs. Our experienced team can design customized houses that meet our clients' specific requirements and preferences. We are constantly innovating and improving our technology to provide even better solutions for our clients.
ABOUT BLACKWELL REALTECH 3D PRINTING CONSTRUCTION LLC
Blackwell Real Tech, a subsidiary of Blackwell 3D Construction Corp. (BDCC), is at the forefront of innovative and sustainable construction solutions. Dedicated to transforming the industry with faster, cost-effective, and environmentally friendly building practices, Blackwell Real Tech is poised to leverage its global expertise, with India as a key market.
ABOUT STERLINGSPACES ENTERPRISES LLP
Sterlingspaces Enterprises LLP is a distinguished Mumbai-based developer renowned for its exceptional residential and commercial projects. Committed to excellence and innovation, the company continually pushes boundaries to redefine luxury living and urban development standards.
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) and with 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.
