CEMEX, S.A.B. de C.V. ('CEMEX') announced today that it will bring the first construction-grade 3D concrete printing technology of its kind to Mexico.

CEMEX plans to use the technology to deliver a superior experience to its customers through a novel construction method designed to bring significant cost and time savings.

'CEMEX is honored to introduce this pioneering technology in Mexico,' said Ricardo Naya, CEMEX President in Mexico. 'We constantly seek to introduce new construction technologies and provide our customers with the opportunities to enhance and evolve their business. 3D printing with concrete has great potential to foster digital innovation in our industry, and we are glad to build on our partnership with COBOD, by making the solution available in Mexico.'

The printer is manufactured by COBOD, a global leader in 3D printing technology. CEMEX has a partnership with COBOD and has also invested in the company through CEMEX's corporate venture capital and open innovation unit, CEMEX Ventures. Through this partnership, CEMEX and COBOD have been working together to innovate in the 3D printing space. In 2022, CEMEX and COBOD announced the first 3D printing solution that utilizes conventional ready-mix concrete in the building process.

The solution can deliver significant savings versus traditional 3D printing construction methods and materials and will now be available in Mexico. This printing method also uses significantly less materials than other 3D printing construction methods, aligned with CEMEX's commitment to promoting a circular economy.

Current 3D printing construction methods rely on highly specialized and expensive mortars. CEMEX introduced a family of proprietary admixtures called 'D.fab', which allows conventional concrete to be efficiently tailored for 3D printing construction. The innovations introduced by the CEMEX admixtures, coupled with COBOD's printers and expertise, make it possible to implement a more efficient process that requires less material and utilizes any concrete.

The combination of COBOD's technology and CEMEX's D.fab solution has already been used successfully in multiple real-world applications from Japan and Malaysia in Asia over the Middle East and Africa to Europe, Canada and the US. In addition in June 2022, the Angola-based construction company Power2Build built the largest 3D printed real concrete building in Africa using this combination.

About COBOD

COBOD's mission is to disrupt the global construction industry through world class multifunctional construction robots based on 3D printing systems. Faster. Better. Cheaper. COBOD 3D printed Europe's first building in 2017. Subsequently the first 2- and 3-story buildings in Europe, specifically in Belgium and Germany were made with their technology. Also, the first villa in Dubai and the first buildings in Africa have been done by their 3D construction printers, like the first wind turbine bases. COBOD has an open-source strategy, partnering with customers, academic institutions, and suppliers around the world. Their partners include among others GE (US), PERI (Germany), CEMEX (Mexico), Dar Al Arkan (Saudi Arabia), L&T Construction (India), and JGC (Japan). COBOD's vision is to see buildings and concrete structures in every city around the world made by multifunctional construction robots. HQ in Denmark, +80 highly competent pioneers from 20 nationalities and truly global presence in Asia, Middle East, Africa, Europe, North, Latin, and South America.

About CEMEX

CEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies.

CEMEX assumes no obligation to update or correct the information contained in this press release. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX's current expectations and projections about future events based on CEMEX's knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX's current plans based on such facts and circumstances. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from CEMEX's expectations, including, among others, risks, uncertainties, and assumptions discussed in CEMEX's most recent annual report and detailed from time to time in CEMEX's other filings with the Securities and Exchange Commission, which factors are incorporated herein by reference, which if materialized could ultimately lead to the technology described in this release not having or producing the expected benefits and/or results. These factors may be revised or supplemented, but CEMEX is not under, and expressly disclaims, any obligation to update or correct this press release or any forward-looking statement contained herein, whether as a result of new information, future events or otherwise. Any or all of CEMEX's forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.

Contact:

Jorge Perez

Tel: +52 (81) 8259-6666

Email: jorgeluis.perez@cemex.com

(C) 2022 Electronic News Publishing, source ENP Newswire