A 3D Printed Community
In this episode of the TechTalk, we look at a 3D-printed housing community for needy families in El Salvador. We discuss who’s involved, what the goals are, some of the attached business issues, and how this could be a technological game-changer for affordable housing, the homeless, those impacted by disaster and others.
DAVE PLASKOW:Hello and welcome to EisnerAmper’s Technology Podcast Series. With more than 500 technology clients, we’re always interested in the latest industry trends and developments, as well as any related business and accounting opportunities and challenges. Today’s topic is using 3D printing to create an affordable housing community. I’m your host Dave Plaskow, and with us today is Dave Katz, Senior Manager in EisnerAmper’s Technology and Life Sciences practice. We like to call this TechTalk. Dave, welcome and thanks for being here.
Dave Katz: Great to see you Dave.
Dp: So we’ve talked about 3D printing before. It’s, you know, it’s certainly one thing to be able to print, let’s say a 3D Star Wars collectible figure, and I’m sure it’s an entirely another thing to create a 3D printing of what essentially is a whole town.
DK: Yeah, so it’s quite an undertaking. You have a non-profit out there called New Story that’s partnering with an Austin based robotics construction company named ICON on this venture. So ICON developed a one ton printer called Vulcan to use concrete that dries faster than typical concrete.
Dp:Ok. And what’s the goal here? DK: New Story wants to raise $1 million to create one hundred 3D printed homes for needy families in El Salvador over the next two years. DP: Ok. And what types of housing are we talking about?
DK: ICON debuted a concrete prototype at the recent South by Southwest festival that had two bedrooms, a living room and a bathroom – homes somewhere between 600 and 800 feet – so not a mansion, but it’s not meant to be a mansion.
Dp: Yeah, it sounds pretty good. Put into some context for us how this could be a game changer.
DK:Sure. So New Story has built more than 850 traditional homes in Central and South America since 2014. Each home took about 2 weeks to build at a cost of about $6000, maybe a little more – comparison wise the average home in the U.S. takes two months and costs north of $200,000 to build.
Dp: Ok. DK: So with the new 3D process each home will take less than one day to build at a cost of about $4000. So if you think of the applications for homelessness or people in disaster areas – so I definitely consider this a game changer. DP: Indeed. Any drawbacks?
DK: Sure. So the one main thing is how will this type of concrete hold up over the long haul, which surely gets to safety concerns. And the other minor drawback is workers still have to install windows and fixtures after the print job, so it’s not like we’re pressing a button and we’re done – we’re not there yet.
Dp:Ok. Now it seems like business advisory services such as yours intersect many of these areas: we’re talking technology, construction, not-for-profit – tell us about that.
DK:Yeah, I’ve said it so many times, I’ll say it here again – cybersecurity. So we have these 3D models become prone to hacking and, you know, a little change may compromise an entire structure. And we’re talking about structures that need to stand. A little change – you know, does that compromise the standing of that structure. Another area is valuation, you know, how do you value a company like this? How do you value technology like this? So as with anything the need for business advisory services is integral.
Dp:Well Dave, thanks for your expertise and insight here.
Dp:And thank you for listening to TechTalk as part of the EisnerAmper Podcast Series. Visit EisnerAmper.com for more information on this and a host of other topics and join us for our next EisnerAmper podcast when we get down to business.
EisnerAmper’s Technology and Life Sciences practice talks about the Theranos dissolution, and what took them from biotech unicorn to dissolution. Investors must use due diligence and consider a company's internal controls before investing in companies with high valuations.
EisnerAmper's Technology podcast series discusses the proposed New York City Council cap on the number of ridesharing vehicles such as Lyft and Uber in Manhattan to ease congestion. How will this cap change Uber's valuation, and what is the economic hit to the taxi industry?
This episode of the Dave & Dave Show discusses new cryptocurrency technology from the fintech startup company Circle, called USD Coin. This cryptocurrency ties itself to the U.S. Dollar, therefore eliminates some volatility that comes with crypto mining and Bitcoin.
TechTalk takes a look at a tech startup, Aerobotics, that is using drones to help farmers in South Africa. This podcast discusses how the drones help South African farmers, how the US government is using drones and how MIT is making micro drones.
Life Science Partner Dave Katz discusses the new 23andMe DNA testing kit for breast cancer BRCA1 and BRCA2 gene mutations approved by the FDA, and what it means for the biotech industry. The FDA approved 23andMe DNA breast cancer test increases access to health care information.
TechTalk examines Jeff Bezos' new possible Amazon facility cities of Austin, New York City, Washington DC and Atlanta, with Atlanta being Dave Katz' first pick. They also discuss Amazon Go, and Amazon's healthcare initiative with Berkshire Hathaway.
EisnerAmper’s technology podcast discusses the first FDA approved EKG band for the Apple Watch. Dave Katz of the Technology and Life Sciences practice discuses these new medical devices, their use of artificial intelligence and the cybersecurity issues surrounding them.
EisnerAmper’s technology podcast discusses related business and accounting opportunities with the senior manager in its Technology and Life Sciences practice about Uber, drones, internet providers and net neutrality, IPOs, AI and the R&D credit that may expire next year.
Is AI Destined to Replace Fund Managers? This episode of TechTalk talks about the first ETF powered by artificial intelligence (AI), the technology behind it, if it impacts a fund’s expense ratio and, most importantly, how it’s performing.
It was a milestone when Facebook implemented facial recognition software in 2010. The iPhone X has put a renewed spotlight on facial recognition technology. EisnerAmper’s Technology and Life Sciences Manager discusses security issues surrounding facial recognition technology.
Supersonic air travel is coming back with a boom. What does today’s market look like for supersonic air travel and how are start-ups such as Boom and Aerion navigating the many challenges? Also discussed is mergers and acquisitions and the need for valuations.
Is iRobot’s Roomba automated vacuum collecting consumer data that will be offered to technology companies to enhance internet of things devices? Here is what information is being collected, potential data privacy and security issues, and iRobot’s response to consumer concerns.
Tesla has received a significant investment from Chinese tech giant Tencent. This podcast discusses what Tesla plans to do with the cash infusion, Tencent’s ownership stake and how this could help both companies enter the highly coveted self-driving car market.
Amazon’s CEO Jeff Bazos just passed Warren Buffet to become the second wealthiest person on the planet. In Technology M&A news, Amazon competes with Alibaba by buying Dubai based Souq in a battle over E-commerce in the middle east, as reported by EisnerAmper’s Life Sciences Practice.
With retiring baby boomers some of the fastest growing jobs in technology attracting tech talent are located in New York City, San Francisco, Austin and Seattle. Tech talent can come from non-traditional backgrounds and there is strong hiring growth in hubs such as New York City.
Amazon Go wants to streamline your grocery shopping. This podcast discusses Amazon’s plan to use 'Just Walk Out Technology' to change food shopping. A look at the technology behind Amazon Go, potential speedbumps and what it could mean for bricks-and-mortar grocery chains.
David in EisnerAmper’s Technology and Life Sciences Practice, gives a “state of the union” on self-driving cars, an overview of Uber’s unique experiment in Pittsburgh, and a glimpse of what we can expect in the marketplace over the next few years.
This episode of TechTalk we discuss the commercial real estate shortage for the nation’s biotech sector. Life science and biotech companies in hubs like Boston and San Fran are seeking out real estate in the suburbs in order to afford space to expand their businesses.
This Life Sciences and Technology podcast talks about the space-age technology called the Hyperloop. The Hyperloop could take people from LA to San Francisco in 35 minutes, and was originally conceived by Elon Musk. Hyperloop One is the first company to develop the technology.
David discusses the commercial drone market, including how the FAA will regulate pilot licenses, drone use in real estate, Amazon's use of drones for future deliveries, the VC market and M&A strategies for companies interested in investing in drone technology.
David discusses virtual reality including Facebook's acquisition of Oculus, HTC's Vive and revenue recognition that comes from virtual reality technology. HTC has created the Vive X Fund and Facebook has created a similar fund to help develop virtual reality software.