Modulex Modular Buildings, a leading ConstrucTech company harnessing emerging technologies like AI, blockchain and IoT to efficiently meet burgeoning housing and infrastructure needs, was featured in the Bell2Bell Podcast, a part of IBN’s sustained effort to provide specialized content distribution via widespread syndication channels. PHP Ventures Acquisitions Corp. (NASDAQ: PPHPU, PPHP, PPHPR, PPHPW), a special purpose acquisition company, entered into a definitive business combination agreement pursuant to which it would merge with and into Modulex Modular Buildings Plc (the “target”) and Modulex Merger Sub, wholly owned subsidiary of the target. Upon closing of the business combination, expected in the second quarter of 2023, the combined company intends to remain listed on the Nasdaq under the ticker symbol MDLX.
Suchit Punnose, the company’s founder and CEO, joined Bell2Bell’s latest episode to discuss Modulex and how it is addressing various issues facing the traditional construction industry. “Modulex is about delivering real estate version 2.0. To us, real estate version 2.0 is carbon-net-zero-certified buildings, which are manufactured, not constructed. They are designed using AI with blockchain-based quality assurance and IoT-enabled smart features,” Punnose said. “All of those features encompass to us what future real estate version 2.0 stands for. It’s very topical for us to appreciate that; globally, there is a significant overhang in terms of demand for affordable housing, health care, student accommodation and various other real estate asset classes, which are required in both developed economies and the global markets of the future.”
To view the full press release, visit https://nnw.fm/yRZLj
About Modulex
Modulex is a leading ConstrucTech company harnessing emerging technologies like artificial intelligence, blockchain and internet of things (“IoT”) to meet burgeoning housing and infrastructure needs at a pace and with optimal cost efficiency. Modulex is an incubation promoted by Red Ribbon Asset Management Plc, a Mainstream Impact Investing company, which intends to take disruptive construction technology to emerging and growth markets where there is an urgent need for infrastructure such as health care, offices and affordable housing. For more information, visit the company’s website at www.Modulex.in.
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