Additional work orders exceeding $1 million
Technology Modules for Military Customers
MIAMI, Fla., June 04, 2024 (GLOBE NEWSWIRE) — Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer and manufacturer of modular structures, announced that it has been awarded an expansion contract worth over $1 million for the construction of 11 additional container modules and related services for government contractors for use by a major U.S. government agency.
“We are pleased to announce another contract expansion with a major government contractor, demonstrating the quality of our work, our ability to meet our customers' demanding standards, and our commitment to supporting the U.S. military,” said Paul Galvin, chairman and CEO of Safe and Green Holdings. “This brings the total number of container modules ordered and delivered for this privately held military affiliate to 26 units, and we look forward to further expanding our relationship with this premier contractor.”
David Cross, vice president of business development at Safe & Green Holdings, added, “This latest order reinforces the versatility, adaptability and quality of our container modules. Specifically, we utilize advanced 3D designs pre-approved by our clients and construct the units using either wood or steel frame systems depending on cost and end-user requirements. The units will be built at our facility in Durant, Oklahoma, then shipped to a government facility in Virginia. We are pleased to once again serve our nation's military and proud that these units are all made in the USA.”
About Safe & Green Holdings Corp.
Safe & Green Holdings Ltd. is a leading modular solutions company, operating based on its core capabilities of developing, designing and manufacturing modular structures to meet the demand for safe and environmentally friendly solutions across a range of industries. The company supports third-party and in-house developers, architects, builders and owners to achieve faster execution, greener construction and higher value buildings. Its subsidiary, Safe & Green Development Ltd., is a leading real estate developer. Established in 2021, the company focuses on developing sites with purpose-built prefabricated modules made of both timber and steel, sourced from one of SG Holdings' factories and operated by its SG Echo subsidiary. For more information, please visit www.sg-holdings.com/. https://www.safeandgreenholdings.com/ Follow @SGHcorp on Twitter.
Safe Harbor Statement
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “project,” “project,” “plan,” “intend,” or similar expressions, or statements of intent, belief or current expectation, are forward-looking statements. These forward-looking statements are based on current estimates and assumptions, and include statements regarding the expansion of a long-standing customer's contract to build eleven additional container modules and related services for a government contractor for use by a major U.S. government agency. Although the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on such forward-looking statements, which are based on information available to the Company as of the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and could cause actual results to differ materially from current expectations or from assumptions expressed or implied by the forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, but are not limited to, the Company's ability to complete the 11 additional container modules and related services as planned and factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and its subsequent filings with the SEC, including periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update any forward-looking statements contained in this release, whether as a result of new information, future events or otherwise, except as required by law.
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