Source: Stuart Mooney
Alquist and Walmart Inc. Collaborate in 3D Construction Printing
Alquist, a pioneer in 3D construction printing (3DCP), has recently partnered with Walmart Inc. (NYSE: WMT) and other commercial retailers. This landmark collaboration aims to deliver over a dozen innovative construction projects across the United States. This partnership represents the most significant deployment of 3D-printed commercial building technology in the history of American construction, showcasing a revolutionary advancement in the field.
The partnership involves a unique model with Hugg and Hall, a construction, and equipment rental dealer, and FMGI, a full-service general contractor. The structure of this partnership allows FMGI to own and lease Alquist A1X printers, which are financed and serviced by Hugg and Hall. This model facilitates the execution of large-scale 3D-printed projects throughout the nation.
Walmart’s Stock Performance Amidst Partnership
This partnership has the potential to significantly impact Walmart’s strategic goals and market presence. This potential is reflected in the “Outperform” grade maintained for Walmart’s stock by Telsey Advisory and Evercore ISI. The stock prices currently stand at $107.11, and the price targets have been raised to $130 and $115 by Telsey Advisory and Evercore ISI, respectively.
Reducing Costs and Promoting Sustainable Building Practices
President of Hugg and Hall, John Hugg, has expressed enthusiasm for the partnership, noting the potential for cost reduction and improved build times. He also emphasized the promotion of sustainable and scalable building practices. The first project under this model is scheduled to commence in Lamar, Missouri, in December. This project marks Alquist’s third collaboration with Walmart.
3D-Printed Commercial Building Technology: A Game-Changer
The projects, varying in size and scope, mark a turning point for the construction industry as 3DCP transitions from experimental projects to full-scale commercialization. Alquist’s robotic 3D printing systems will be leveraged to deliver structural walls and infrastructure elements more efficiently and sustainably than traditional methods.
Darin Ross, President and CEO of FMGI, praised the practicality of the technology, noting its faster mobilization, cleaner on-site operations, and consistent quality. These benefits align with Walmart’s strategic goals, as evidenced by the stock’s daily high of approximately $106.83.
Alquist’s Expansion and the Future of 3DCP
Alquist’s rapid growth is highlighted by the establishment of its headquarters in Greeley, Colorado, and its expansion through education and industry partnerships. The company collaborates with Aims Community College and other residential builders to train future workforces and advance sustainable building solutions.
Zachary Mannheimer, Founder of Alquist, underscored the commercialization of 3DCP at scale. He emphasized the partnership’s role in transforming American construction by accelerating building processes, reducing waste, and fostering a more sustainable future. This vision aligns with Walmart’s ongoing efforts to innovate and expand its market presence, as reflected in the positive assessments by Telsey Advisory and Evercore ISI.
In conclusion, this partnership between Alquist and Walmart represents a significant advancement in commercial building technology. With the strategic use of 3D-printed construction, both companies are poised to redefine the construction industry while promoting sustainable practices and reducing costs. The partnership is a testament to the potential of 3DCP and its role in shaping the future of construction.