Lennar | October 26, 2021
Lennar, one of the nation's leading homebuilders, and ICON, a construction technologies company pioneering large-scale 3D printing, announced a commitment to build the largest community of 3D-printed homes to date using ICON's innovative robotics, software and advanced materials. Breaking ground in 2022, the 100-home community will be codesigned by the acclaimed architecture firm, BIG-Bjarke Ingels Group.
The announcement deepens a relationship that began with Lennar's investment in Austin-based ICON's recent $207-million financing round and offers a promising path toward delivering affordable, technology-driven homes that meet rising demand.
"Labor and material shortages are two of the biggest factors pushing the dream of home ownership out of reach for many American families,Lennar has always expanded the boundaries of technological innovation to keep quality homes affordable and 3D printing is an immensely encouraging approach. We are excited to collaborate with ICON to develop solutions to emerging challenges in the coming years."
-Eric Feder, President of LENX
ICON's 3D printing technology produces resilient, energy-efficient homes faster than conventional construction methods with less waste and more design freedom – keeping construction projects on schedule and on budget. Designed and engineered from the ground up for volume 3D printing of homes with precision and speed, ICON's Vulcan construction system can deliver homes and structures up to 3,000 square feet that are built to the International Building Code (IBC) structural code standard and expected to last as long or longer than standard Concrete Masonry Unit (CMU) built homes. ICON's proprietary wall system and advanced materials are stronger and longer-lasting than traditional building materials and provide safer, more resilient homes that are designed to withstand extreme weather, greatly reduce the impact of natural disasters, and be printed at high speeds and at scale.
"ICON exists as a response to the global housing crisis and to put our technology in service to the world,Construction-scale 3D printing not only delivers higher-quality homes faster and more affordably, but fleets of printers can change the way that entire communities are built for the better. The United States faces a deficit of approximately 5 million new homes, so there is a profound need to swiftly increase supply without compromising quality, beauty, or sustainability and that is exactly the strength of our technology. It is an honor and a huge milestone for ICON to partner with Lennar, an elite top-tier homebuilder with a commitment to innovation. We believe this will be a watershed moment in the history of community-scale development and the future breaking into the present."
-ICON co-founder and CEO Jason Ballard.
Additive manufacturing has the potential to revolutionize the built environment as it gets adopted by the industry at scale," said Martin Voelkle, Partner, BIG-Bjarke Ingels Group. "By partnering with ICON and Lennar, we are able to see this new technology roll out to the widest possible audience. The 3D-printed architecture and the photovoltaic roofs are innovations that are significant steps towards reducing waste in the construction process, as well as towards making our homes more resilient, sustainable, and energy self-sufficient.
Lennar's investment in ICON's Series B financing round in August was facilitated by LENX, which drives a focused strategy within Lennar to integrate technology solutions across the homebuilding industry. With a clearly defined strategy of investing in technology companies directly adjacent to Lennar's core homebuilding operations and a disciplined investment process, LENX provides hands-on mentorship and guidance from senior leaders of Lennar's management team and a marquee opportunity to provide products and technology to Lennar customers, allowing portfolio companies to scale at an unprecedented pace.
About Lennar Corporation
Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com.
ICON develops advanced construction technologies that advance humanity. Using proprietary 3D printing robotics, software and advanced materials, ICON is shifting the paradigm of homebuilding on Earth and beyond. For more information visit www.iconbuild.com or follow the conversation on Instagram, Twitter, Facebook, YouTube (@ICON3DTech).
About BIG-Bjarke Ingels Group
BIG-Bjarke Ingels Group is a Copenhagen, New York, London and Barcelona based group of architects, designers, urbanists, landscape professionals, interior and product designers, researchers and inventors. The office is currently involved in a large number of projects throughout Europe, North America, Asia and the Middle East. BIG's architecture emerges out of a careful analysis of how contemporary life constantly evolves and changes. By hitting the fertile overlap between pragmatic and utopia, we architects once again find the freedom to change the surface of our planet, to better fit contemporary life forms.
ToolWatch Corporation | June 25, 2021
The Riverside Company, a global private equity company, has invested in ToolWatch Corporation, a major supplier of tool and equipment monitoring and operations management software for the construction, utilities, and oil and gas sectors. The investment prepares ToolWatch for rapid development and enables it to maintain its position as the construction industry's first and most complete operations management solution. Today, businesses all around the globe use ToolWatch to handle over 39 million tools and supplies.
Riverside associate vice president Chris Shea highlighted ToolWatch's capacity to assist clients in resolving critical issues in preconstruction planning, logistics, and throughout the supply chain as reasons for the company's decision to invest in ToolWatch. "We view construction software as a highly promising development sector. While still in its early stages of technological adoption, the construction sector is seeing a rise in software tools to manage complex operations and essential processes better. ToolWatch is well-positioned to understand the specific requirements of its clients and offer purpose-built solutions as the pioneer in introducing technology to the construction site."
ToolWatch's value proposition has always convinced customers in the construction sector to adopt technology solutions for operations management. ToolWatch products have evolved from barcodes to RFID chips, Bluetooth low-energy, and interconnectivity; expanded integration with other software platforms; and modernized to a fully cloud-based, real-time, enterprise-wide operations and production management system praised for its ease of use on the job site and in the back office.
In addition to providing capital to enhance product development and customer support, the Riverside funding will be used to seek complementary add-on acquisitions to extend the product range and provide solutions for ToolWatch's client base.
About ToolWatch Corporation
ToolWatch has been assisting businesses in managing tools, equipment, materials, and consumables for over 25 years. ToolWatch, which is simple to use and provided through a powerful, flexible platform, securely saves vital information on all warehouse and field operation assets, allowing organizations to manage their operations more efficiently, cost-effectively, and profitably.
PBC Today | November 05, 2020
It may appear the 2050 zero-carbon deadline is far off in the future. However, if we are to eliminate all carbon-based sources of energy throughout the UK, work must begin now on a whole-system approach, Bryan Palmer, senior civil engineer at Burns & McDonnell explores. Engineering will be key to success as the UK moves towards meeting its zero-carbon goals by 2050, and digital technologies will be at the core of an engineering-led approach. With the right model, we can optimise energy system design at the outset and then work on the truly challenging components of the larger system. Digital engineering will help achieve success. The built environment sector is the major source of the total global CO2 emissions, responsible for approximately 40% worldwide. Carbon emissions are not only released during asset life but also during the manufacture, transportation, construction and demolition; these emissions are referred to as embodied carbon. Capital carbon — emissions during construction, refurbishment and end-of-life treatment of an asset — and operational carbon — emissions produced as a result of operations and maintenance of the asset — each are components of whole life carbon emissions.