- Construction
spending in U.S. is projected to exceed $1.42 trillion in 2021
- Homeownership
rate in the U.S. continues to decline while median price of new homes sold
rose to $384,900
- Lack
of affordable housing is termed a “crisis” in communities nationwide
- The
company’s energy efficient, lightweight concrete technology is a
cost-effective, structurally superior design created for commercial,
residential projects
Auscrete Corp. (OTC: ASCK) is a building products
manufacturer of environmentally-friendly, energy-efficient housing and
commercial structures using a lightweight hybrid concrete material developed
through a proprietary technology. Auscrete’s unique process produces a medium
that is cost-efficient, extremely soundproof, offers high insulation values,
requires very low maintenance, won’t burn, non-toxic, highly resistant to
insects and mold, and resists damage from hurricane forces and earth tremors.
It’s a more affordable, energy-efficient “green” construction material that can
be utilized for building residential housing and commercial structures.
Affordable homes are increasingly becoming more difficult to
purchase in the U.S. with the median price of a new home consistently rising
while wages stay stagnant in many areas and mortgage rates rise. The average
price of new homes sold in the U.S. in 2017 was nearly $385,000, according to
Statista. The homeownership rate in the U.S. has been in decline since 2004,
the report states, and now amounts to a little more than 64 percent of
Americans.
Auscrete’s lightweight concrete product is described as an
aerated concrete material following infusion of a specially designed foaming
agent during manufacture. This technology enables the product to have millions
of minuscule air bubble “aggregates” introduced and evenly distributed
throughout the cast sections, which creates a unique, lightweight product
without compromising strength or structural integrity. Each hybrid panel also
incorporates a distinctive XPS insulation amalgamation that guarantees greater
comfort in a wide range of climatic conditions and a reduction in heating and
cooling costs. The final product is a light and strong concrete panel with an
extremely high insulation value, as well as excellent fire resistance and
sound-proofing qualities.
Auscrete’s product also offers a high strength-to-weight
ratio, allowing architects and engineers to develop new design and construction
concepts that take advantage of the product’s reduced weight, which is nearly
half that of normal concrete. Each panel can be cast in large sections, a
common size being 16-feet by 8-feet, for easier transportation and faster
construction on site. Savings are enhanced, not only by the energy efficiency
of each panel, but through the use of mass production techniques. Auscrete
estimates the company can produce a ready-to-move-in turnkey house for around
$100 per square foot, which is significantly less than the 2017 median list
price of $148 per square foot in the U.S., according to a report by Zillow.
Auscrete is constructing its flagship, 10-acre facility in
Goldendale, Washington, on initially 5 acres the company recently purchased
with the option to purchase another 5 adjacent acres. This new campus will
ultimately comprise of 6 buildings, including 3 production buildings of 25,000
sq. ft. with each production buildings’ capacity of 100 homes annually, giving
this flagship facility the ability to produce 300 homes or equivalent commercial
structures per year.
During this construction phase, Auscrete has leased a
commercial building in Goldendale. The facility will be used as a temporary
headquarters and will also serve as a refurbishing station for production
equipment the company has developed and used in its prior production plant.
John Sprovieri, CEO and founder of Auscrete Corporation, is at the helm of the
company with Mike Young serving as vice president of internal operations and
Otto Paulette controlling the in-house mechanical services.
Auscrete’s Investor Relations Director, Lee Odom said, “The
company’s construction process has already attracted interest from many
developers, contractors and builders, some with large tracts of land looking to
make available, significant numbers of Affordable Homes throughout the Country.
Additionally, there have been significant commercial projects offered including
300 room destination hotel resorts, correctional facilities, a shopping
complex, and a court house along with a flood of inquiries from people who are
looking for more affordable building options”.
“This could really launch the commercial aspect for ASCK,
apart from residential home production which so many investors are not yet
aware of,” Odom said. “A strong combination of both will lead ASCK to better
performance through all business cycles, thus continuing to enhance the
shareholder values, which is always the ultimate goal of Auscrete Corporation.”
For more information, visit the company’s website at www.AuscreteHomes.com
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