First Showcase house for Chile erected on site and completed

Eco Buildings Group plc (AIM: ECOB), the UK-listed modular housing company, is pleased to announce that it has delivered and constructed it’s first show house in Valpairaso, Chile. A further two show houses are currently being constructed in the Melipilla district. The construction of these houses is the last step in the due diligence process being undertaken by the Chilean government ahead of confirmation of its commitment to enter into a long-term manufacturing and supply contract for modular housing, as part of its broader social housing programme.

These detached two story dwelling units are spread over 60 sqm and come complete with sanitary ware, bathrooms, internal doors and fittings, making them fit for habitation immediately. Eco’s unique manufacturing ability provides for speed of delivery, which is 5 times faster than conventional building methodology and at less than half the cost.

Eco is in advanced negotiations to secure a large volume contract to provide modular housing, under this social housing programme and will   provide a further update.  

As previously announced on 18 April 2024 the manufactured building material (glass fibre reinforced gypsum wall – GFRG) has already been fully tested and confirmed as meeting national building regulations in Chile and other South American markets. The final stage in this certification is the inspection of a completed unit, which encompasses acoustic and insulation validation, which has now been achieved.

Group Receives Official Certification for Latin American Markets

Eco Buildings Group Limited (AIM: ECOB) is pleased to announce that the government-approved testing department at the Catholic University of Chile in Santiago, has informed the Company that its wall panels, have successfully passed the government's rigorous testing program for use in its construction market. 

This noteworthy development is the result of months of meticulous testing that began back in July 2023 where the Group's building materials were subjected to the most extensive evaluations for strength, durability, fire-resistance, sound insulation and structural integrity.  The results from the Catholic University testing center surpassed their stringent standards on all test variables, demonstrating the reliability and adaptability required to meet the exacting building regulation standards governing the construction industry in the region.

As a result of this performance success in Chile, it is the Company's understanding that its walls will also be deemed compliant across a substantial number of Latin American markets, allowing for significant future growth prospects in Chile and across the wider region.  The full 40-page report is available here.