BOXABL Signs $12.4M Purchase Agreement for 203 Phase 2 Units

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BOXABL Secures Phase 2 Purchase Agreement for 203 Units with Shelton Development

Las Vegas, Nevada - BOXABL, the technology firm focused on modular, factory-built housing, announced a new purchase agreement with Shelton Development. This deal marks the first commercial order for BOXABL's recently launched Phase 2 product platform.

The agreement involves the purchase of 97 homes, which will consist of 203 individual boxes, for a new community project in Texas. The production of these units is slated to begin in approximately 12 months. If all units are purchased and delivered, the agreement is valued at approximately $12.4 million.

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About BOXABL Inc.

BOXABL is transforming the housing market with its modular building systems designed to deliver affordable, high-quality homes at unprecedented speed. Founded in 2017, BOXABL’s innovative approach has attracted worldwide attention as it aims to solve housing challenges for individuals and communities alike. BOXABL’S flagship product, the Casita, is a 361 square foot studio unit with a full kitchen, bathroom, and utilities. The Casita unfolds on-site in less than an hour and is manufactured inside BOXABL’s facilities. BOXABL also has announced the Baby Box, a smaller 120 square foot unit built to RV code, intended for simpler, no foundation-setups. BOXABL is also developing stackable and connectable box models that can be combined to form townhomes, multifamily units, or larger single-family homes.

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