Apis Cor and VPG Enterprise announce a partnership to design,

MELBOURNE, Fla. and NEW ORLEANS, April 18, 2022 (GLOBE NEWSWIRE) — Apis Corthe company that prints buildings, and VPG Enterprise, a leading developer of affordable and workforce housing, today announced their partnership with 3D printing houses in the greater New Orleans area. As partners, Apis Cor and VPG design 3D printable homes that can be reproduced quickly and affordably. Construction is expected to begin in 2023.

“There really is no other way to tackle the affordable housing shortage than construction costs. There aren’t enough grants, there aren’t enough soft dollars, and there isn’t enough cheap land in New Orleans to meet the housing needs of our community,” said Michael Merideth, co-founder of VPG Enterprises and VPG Construction. “In a market like New Orleans, no matter how much we value engineering, we couldn’t make the acquisition and rehabilitation numbers work.”

The cost of the finished home can be up to 30% less than traditional concrete block or wood frame homes.

“New 3D printing technology and advanced materials from Apis Cor are the future of construction,” added Merideth. “A well-designed 3D-printed home is resistant to the environmental hazards we face, such as mold, and resistant to the natural disasters we see occurring more frequently.”

“In addition to the fact that 3D printing makes home construction faster and cheaper, it also provides the flexibility to meet specific project criteria,” said Anna Cheniuntai, co-founder and CEO of Apis Cor. “VPG’s choice to introduce 3D printing into the construction of their communities gives us the opportunity to innovate the end product and enrich people’s lives, not just accelerate wall printing.”

New Orleans will need to build 17,006 affordable housing units by 2029 to accommodate the city’s current population, according to the HousingNOLA Annual Bulletin 2021.

3D printing technology can help fill the growing shortage of new homes around the world and help people in need of affordable housing buy their own homes.

Apis Cor Affordable Housing Cooperative Housing Program
Apis Cor has launched the industry’s first Affordable Housing Cooperative Program (AHCP) to work with nonprofits and affordable housing companies to develop and build 3D-printed homes. Apis Cor and its AHCP partners design specification homes that meet the organization’s distinct requirements for price, square footage, floor plan, finishes, and other factors. Once the construction costs have been validated and a long-term plan for replicating and scaling the solutions created, on-site 3D printing will begin.

About VPG Enterprise / VPG Construction
VPG Construction is a division of VPG Enterprise, a property development, construction and management group with a portfolio of over $27 million in residential real estate assets. VPG examines creative development solutions around construction methods, transaction structures and financing mechanisms to provide high quality housing in New Orleans. http://veriusgroup.com/

About Apis Cor
Founded in 2015 by Nikita and Anna Cheniuntai, Apis Cor is an American technology company based in Melbourne, Florida, which develops advanced technologies and materials for construction 3D printing. The company holds the Guinness Book World Record for the tallest 3D printed building on Earth and is a proud resident of the Outsight Network of Autodesk Technology Centers. A successful participant in NASA’s 3D Printed Habitat Challenge, Apis Cor received top honors in several categories. Apis Cor is backed by Alchemist Accelerator, the premier accelerator for enterprise startups, and At One Ventures, a venture capital and private equity firm that backs deep tech companies that are a net positive for nature and the planet. Learn more about 3D printing construction technology at: www.Apis-Cor.com.

MEDIA CONTACT:
Heidi Groshelle
Groshelle Communications
Heidi@groshelle.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8b4a04a9-9bbb-49b0-9fae-896d2e8f17d0

Abdul J. Gaspar