Auscrete Corporation Announces Development of Green Technology to Address the Enormous Need for Affordable, Efficient Housing

Rhea-AI Summary

Auscrete Corporation (OTC: ASCK) has developed a green technology for constructing modern, energy-efficient homes, addressing affordable housing challenges since the 1980s. Utilizing an advanced proprietary lightweight concrete hybrid, the company claims to build homes at approximately two-thirds the cost of traditional wooden houses, ranging from $100 to $110 per square foot. The technology, initially developed in the mid-1980s and refined in the U.S. from 2006 to 2010, offers durability, thermal efficiency, and resistance to pests. An update on the manufacturing plant for this technology is expected soon.

Positive

• Developed a green technology for affordable housing.
• Homes built at approximately two-thirds the cost of wooden houses.
• Product offers high durability and energy efficiency.

Negative

• None.

Goldendale, Washington, April 14, 2021 (GLOBE NEWSWIRE) -- Auscrete Corporation (OTC: ASCK), announced today the company has developed a green technology regarding construction of affordable, efficient and enduring modern housing, an ongoing problem in the world’s largest consumer marketplace since the 1980’s.  Auscrete Corporation uses an advanced proprietary technology in lightweight concrete hybrid insulated building products to build “GREEN” energy efficient homes.
“Our proprietary technology for constructing green energy efficient homes gives us the ability to build an affordable home at approximately two thirds the price of a wooden house at $100 - $110 a square foot,” said John Sprovieri, President and CEO of Auscrete Corporation. “We believe we not only offer housing at a highly competitive price for today’s building costs in the U.S. but we also provide a high quality, green energy oriented home for the price.”
According to Sprovieri the product commenced development in the mid 1980’s and was re-developed in the US during 2006 to 2010 by Auscrete to meet and generously exceed International Building Codes.
Additionally, the added benefits of using Auscrete include, not only great thermal efficiency and sound proofing, but it will not burn, it is impervious to insect infestation, rot and mold, it has exceptionally low maintenance needs and the strength of concrete to defy adverse environmental conditions. The life of Auscrete structures is measurable, not just in years, but in centuries.
Sprovieri said the next step is an update on the Company’s manufacturing plant for its new technology which is anticipated to be forthcoming very soon.

SAFE HARBOR
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by their use of forward-looking terminology such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe” and “continue” (or the negative forms thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Auscrete Corporation assumes no obligation and has no intention of updating these forward-looking statements, and it has no obligation to update or correct information prepared by third parties that is not paid for by Auscrete Corporation. Investors are encouraged to review Auscrete Corporation’s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC markets filings, which contain general business information about the company’s operations, results of operations and risks associated with the company and its operations.

FAQ

What is the new technology developed by Auscrete Corporation (ASCK)?

Auscrete Corporation has developed a green technology for constructing affordable, energy-efficient homes using a lightweight concrete hybrid.

How much does it cost to build a home using Auscrete's technology?

Homes constructed with Auscrete's technology are priced at approximately $100 to $110 per square foot.

What are the benefits of Auscrete's building products?

The products offer thermal efficiency, resistance to burning, pests, rot, and mold, with low maintenance needs and long-lasting durability.

When did Auscrete Corporation start developing their new technology?

The development of Auscrete's technology began in the mid-1980s and was re-developed in the U.S. from 2006 to 2010.

What updates can be expected from Auscrete Corporation regarding their manufacturing plant?

An update on Auscrete's manufacturing plant for their new technology is anticipated to be announced soon.