By David Willey, Benzinga
Click Here To Invest In The Company Transforming The Housing Industry
Apis Cor is a Florida-based construction company that develops and manufactures proprietary 3D printing machines. It is currently raising funds for its mission of transforming the construction industry and helping companies increase their output and profitability.
There is an ongoing housing crisis in America. It is estimated the country is short anywhere from 1.5 to 6 million homes, and this problem has been dubbed the “housing theory of everything” by some economists. They claim lack of housing doesn’t just cause skyrocketing housing prices, it also contributes to climate change, falling fertility rates, depressed productivity and inequality.
It won’t be easy to solve this crisis, however. While there is a need for more houses to be built faster than ever, shortages are causing major problems for the industry. The home building construction industry is worth $124 billion, but the labor force the industry needs is short by over 500,000 workers. There is also a shortage of some essential construction materials, mainly due to global supply chain issues, and the labor shortage is delaying the production of other house components, like roofing and windows. Aside from these shortages, it still takes an average of almost eight months to build a residential home.
Apis Cor is looking to deliver a solution to meet this desperate need with its 3D construction printing machines. Just as power tools like the electric drill transformed the construction industry by replacing hand tools, Apis believes it is delivering the next stage of construction through its 3D machines. It gained recognition when in 2019 it built what remains the Guinness World Record’s largest 3D-printed building and won first place in a National Aeronautics and Space Administration (NASA) 3D-Habitat Challenge, building an autonomous 3D printing construction technology that could be applied to housing on Earth and Mars. Now it has a pilot residential home being adopted in America, has four patents for its technology and robots, and has more patents in development.
Apis Cor, Bringing A New Dimension To Home Construction?
3D construction printing is already beginning to take root in the industry. The market was worth $1.4 billion in 2021 and is projected to reach $750 billion by 2031, growing at a compound annual growth rate (CAGR) of 87.3% during the forecast period. However, like any developing industry, there are some problems that some in the field are facing. 3D construction printers are frequently unwieldy machines that are expensive to deploy and complicated to operate, creating a barrier to use for some construction companies.
Apis Cor believes its 3D printers solve this problem. Unlike other 3D printers for construction, Its suite of robotic technologies delivers a comprehensive construction solution. Frank, its construction robot, is compact and maneuverable. He can be transported easily in a pickup truck and can be simply operated by an operator with minimal training. This mobility and flexibility remove a major barrier that construction companies often face with more clunky 3D machines offered by other companies.
3D printing through Apis Cor can greatly increase the speed of construction, as the company says its houses can be built in just two to three months, with the goal of eventually building a house in just a week. By delivering speed and reliability, Apis Cor gives construction companies a consistent timeline and dependable construction quality.
The company has already received 18 paid pre-orders for its machines since the sales launch in January, bringing in $11.2 million in projected revenue, and Apis Cor anticipates this number will continue to grow. This number of printers can generate recurring revenue of more than $41m on Apis’ proprietory 3D print material. Apis Cor is taking investments today, as it moves ahead with its goal of transforming the construction industry. It will soon start construction on its next projects in the USA, and StartEngine investors might be eligible to go and see live printing and stay in a 3D-printed house.
Want to learn more about how Apis Cor’s technology is changing the construction landscape? Visit its website.
This article was originally published on Benzinga here.
Construction robotics for a faster and lower-cost build
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ALL STATEMENTS, OTHER THAN STATEMENTS OF HISTORICAL FACT, CONTAINED IN THIS DOCUMENT CONSTITUTE “FORWARD-LOOKING STATEMENTS” AND ARE BASED ON THE REASONABLE EXPECTATIONS, ESTIMATES AND PROJECTIONS OF APIS COR INC. (THE “COMPANY”) AND THE COMPANY’S MANAGEMENT AS OF THE DATE OF THIS PRESENTATION. THE WORDS “PLANS,” “EXPECTS,” OR “DOES NOT EXPECT,” “IS EXPECTED,” “BUDGET,” “SCHEDULED,” “ESTIMATES,” “FORECASTS,” “INTENDS,” “ANTICIPATES,” OR “DOES NOT ANTICIPATE,” OR “BELIEVES,” OR VARIATIONS OF SUCH WORDS AND PHRASES OR STATEMENTS THAT CERTAIN ACTIONS, EVENTS OR RESULTS “MAY,” “COULD,” “WOULD,” “MIGHT,” “WILL” OR “WILL BE TAKEN,” “OCCUR” OR “BE ACHIEVED” AND SIMILAR EXPRESSIONS IDENTIFY FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS INCLUDE, WITHOUT LIMITATION, STATEMENTS REGARDING OUR PROJECTED NUMBER OF PROPERTIES, REVENUES, VALUATION, INVESTMENT RETURNS, EXPECTED CUSTOMER DEMAND, AND THE COMPANY’S BUSINESS STRATEGY. FORWARD-LOOKING STATEMENTS ARE NECESSARILY BASED UPON A NUMBER OF ESTIMATES AND ASSUMPTIONS THAT, WHILE CONSIDERED REASONABLE BY THE COMPANY’S MANAGEMENT AS OF THE DATE OF SUCH STATEMENTS, ARE INHERENTLY SUBJECT TO SIGNIFICANT BUSINESS, ECONOMIC AND COMPETITIVE UNCERTAINTIES AND CONTINGENCIES. THE ESTIMATES AND ASSUMPTIONS CONTAINED IN THIS PRESENTATION, WHICH MAY PROVE TO BE INCORRECT, INCLUDE, BUT ARE NOT LIMITED TO, THE VARIOUS ASSUMPTIONS OF THE COMPANY SET FORTH HEREIN. KNOWN AND UNKNOWN FACTORS COULD CAUSE THE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS.
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