• Alquist partners with Walmart Inc. (NYSE: WMT) and other commercial retailers to launch over a dozen 3D-printed construction projects across the U.S., marking a significant advancement in commercial building technology.
• The collaboration includes a unique partnership model with Hugg and Hall and FMGI, leveraging Alquist A1X printers for nationwide large-scale projects, aiming to reduce costs and improve build times while promoting sustainable building practices.
• Walmart's stock maintains an "Outperform" grade from Telsey Advisory and Evercore ISI, reflecting the potential positive impact of this partnership on Walmart's strategic goals and market presence.

Alquist, a leader in 3D construction printing (3DCP), is making waves with its recent partnership with Walmart Inc. (NYSE: WMT) and other commercial retailers. This collaboration aims to deliver over a dozen construction projects across the United States, marking the largest-scale deployment of 3D-printed commercial building technology in U.S. history. Alquist's unique partnership model with Hugg and Hall, a construction and equipment rental dealer, and FMGI, a full-service general contractor, allows FMGI to own and lease Alquist A1X printers, which are financed and serviced by Hugg and Hall, to execute large-scale 3D-printed projects nationwide.

John Hugg, President of Hugg and Hall, expressed excitement about the partnership, highlighting the potential for reducing costs and improving build times while promoting sustainable and scalable building practices. The first project under this model is set to begin in Lamar, Missouri, in December, marking Alquist's third project with Walmart. This partnership is significant for Walmart, as highlighted by Telsey Advisory and Evercore ISI, both of which maintained an "Outperform" grade for Walmart, with stock prices at $107.11 and price targets raised to $130 and $115, respectively.

The projects, which vary in size and scope, represent a pivotal moment for the construction industry as 3DCP moves from pilot projects to full-scale commercialization. Alquist's robotic 3D printing systems will be used 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. This aligns with Walmart's strategic goals, as evidenced by the stock's daily high of approximately $106.83.

Alquist's rapid growth is underscored by its establishment of 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 the future workforce and advance sustainable building solutions. Zachary Mannheimer, Founder of Alquist, highlighted the commercialization of 3DCP at scale, emphasizing the partnership's role in redefining construction in America by accelerating building processes, reducing waste, and fostering a more sustainable future. This 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.