BOXABL Inc., a technology construction company focused on factory-built housing, has appointed Shan Palaniappan as chief technology officer as it expands its automation, software, and artificial intelligence capabilities across operations. The move comes as the company advances its proposed merger with FG Merger II Corp. (NASDAQ: FGMC), with the combined entity expected to trade under the ticker Nasdaq: BXBL.
The company has already produced more than 800 housing units from its Las Vegas manufacturing facility and is targeting multiple residential and commercial market segments, including single-family homes, multifamily housing, workforce accommodations, and hospitality projects. BOXABL's modular system is designed to support scalable deployment across these sectors, applying manufacturing principles more commonly associated with the automotive and consumer electronics industries to residential construction.
Management sees long-term opportunity in combining home production with recurring service revenues tied to financing, insurance, and maintenance. This strategy aims to shift homebuilding away from fragmented, on-site construction toward a streamlined, factory-based platform centered on modular, foldable residential units that can be transported on standard trailers and quickly assembled on-site.
Headquartered in Las Vegas, Nevada, BOXABL is attempting to solve the global affordable housing crisis by industrializing homebuilding. The appointment of Palaniappan, a technology executive, underscores the company's commitment to integrating advanced automation and AI into its manufacturing processes to increase efficiency and scale.
The proposed SPAC merger with FG Merger II Corp. is a critical step for BOXABL to access public capital markets and accelerate its growth. If completed, the merger would provide the company with additional resources to expand production capacity and develop new technologies.
For more information, visit the company's website at Boxabl.com.
