SG Echo Awarded an Additional Multi-Million Contract to Supply Modular Units to Long-Standing Private Infrastructure Solutions Client
30 Outubro 2023 - 9:30AM
Business Wire
Contract to supply 40 units projected to
generate revenue in excess of $2 million
Multi-state certifications driving U.S.
expansion
Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe &
Green Holdings” or the “Company”), a leading developer, designer,
and fabricator of modular structures, announced today that SG Echo,
LLC, a subsidiary of Safe & Green Holdings Corp., has entered
into an agreement to provide 40 additional units to an existing
customer, which is expected to generate revenue in excess of $2
million starting in Q4 2023, with estimated completion during
2024.
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SG Echo Awarded an Additional
Multi-Million Contract to Supply Modular Units to Long-Standing
Private Infrastructure Solutions Client (Photo: Business Wire)
The order of 40 units is in addition to another recent follow-on
order for 38 units with this same customer, as previously announced
on August 2, 2023.
"Based on our strong performance, we continue to expand our
relationship with this important client,” commented David Cross,
Vice President of Business Development for Safe & Green
Holdings. “We believe these successive follow-on orders are further
validation of the quality of our work and strong value proposition.
Importantly, this customer continues to work with us based on our
ability to deliver units quickly, sustainably and cost
effectively.”
“Our multi-state certifications, which allow our units to be
relocated, if necessary, is an important competitive advantage for
SG Echo,” further noted Brian Aspell, Vice President of Operations
for Safe & Green Holdings. “This multi-state functionality is
expected to increase sales opportunities and we could not be more
excited about the outlook for the business.”
About Safe & Green Holdings
Corp.
Safe & Green Holdings Corp., a leading modular solutions
company, operates under core capabilities which include the
development, design, and fabrication of modular structures, meeting
the demand for safe and green solutions across various industries.
The firm supports third-party and in-house developers, architects,
builders, and owners in achieving faster execution, greener
construction, and buildings of higher value. For more information,
visit https://www.safeandgreenholdings.com/ and follow us at
@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,"
"predict," "forecast," "project," "plan," "intend" or similar
expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. These forward-looking
statements are based upon current estimates and assumptions and
include statements regarding expected revenue generation, the
timing thereof, the estimated completion timeframe of the new
units, increasing sales opportunities and the outlook for the
business. While the Company believes these forward-looking
statements are reasonable, undue reliance should not be placed on
any such forward-looking statements, which are based on information
available to us on the date of this release. These forward-looking
statements are subject to various risks and uncertainties, many of
which are difficult to predict that could cause actual results to
differ materially from current expectations and assumptions from
those set forth or implied by any forward-looking statements.
Important factors that could cause actual results to differ
materially from current expectations include, among others, the
Company’s ability to deliver the units to this private client as
planned, the Company’s ability to further develop its relationship
with the private client, and the other factors discussed in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2022, and its subsequent filings with the SEC, including
subsequent 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 we undertake no obligation to update any forward-looking
statements contained in this release on account of new information,
future events, or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231030875907/en/
Investor Relations: Crescendo Communications, LLC
212-671-1020 SGBX@crescendo-ir.com
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