Cuentas releases management update on construction method

Cuentas has released a management update highlighting the use of a pioneering construction method, reminiscent of interlocking LEGO bricks. This method forms entire structures engineered to withstand natural disasters, boasting top-tier ratings for hurricane and earthquake resistance. This marks the initial phase of Cuentas’ visionary goal to revolutionize housing affordability through innovative construction practices. In a significant management update, Arik Maimon, CEO of Cuentas, shared insights into the company’s triumphant foray into real estate investments and the strategic alliance with RENCO. The completion of its inaugural ninety-six-unit multifamily development using revolutionary construction technology represents a departure from traditional methods. This milestone has garnered extensive media coverage, with a special focus on core products manufactured with naturally occurring raw materials and recycled products in an environmentally friendly process. Maimon, CEO, emphasized, “The investments in Lakewood Village and our new project in Tampa stand as a testament to our management’s visionary approach and the strategic selection of this groundbreaking building technology. Our commitment to expanding Cuentas into the lucrative rental income real estate sector is bolstered by the cost-effectiveness and rapid construction capabilities of Renco’s technology, ensuring the provision of affordable and quality housing.”