Safe & Green Holdings Corp. - SGBX STOCK NEWS

SG Blocks (NASDAQ: SGBX) has announced the launch of rapid antigen testing for COVID-19 at Los Angeles International Airport (LAX) in partnership with Clarity Mobile Ventures. Starting February 9, testing will be available daily from 9 a.m. to 12 p.m. at the Tom Bradley International Terminal, primarily catering to KLM Royal Dutch Airlines passengers but open to all travelers. The initiative aims to support the recovery of the travel industry during the pandemic, utilizing Clarity’s leading antigen test.

SG Blocks (NASDAQ: SGBX) announced a joint venture with Clarity Lab Solutions and National Pain Centers to establish a rapid COVID-19 testing site in Des Plaines, Illinois, near O'Hare Airport. The facility will feature 100,000 square feet of outdoor and indoor space, with a capacity to administer up to 10,000 tests daily, including rapid antigen and PCR tests. Set to open the week of February 1, the site aims to enhance safety for travelers and the local community amidst ongoing pandemic challenges.

SG Blocks (NASDAQ: SGBX) has announced a significant expansion of its manufacturing capabilities with a new 10,300 square foot building in Durant, Oklahoma. This addition will enhance the Company’s ability to modify and construct container-based structures, contributing to a multi-phase development plan for the SG Echo manufacturing campus. The expansion aims to meet growing demand across various sectors, including military and healthcare, and is expected to be operational by Q2 2021. SG Blocks also considers acquiring an additional 19 acres at the facility.

SG Blocks, Inc. (NASDAQ: SGBX) has announced a significant purchase order from a privately held client for a governmental project in Tyndall, Florida. The project, comprising 20,560 square feet, is expected to complete in Q2 2021 and expands SG Blocks' portfolio of military projects. The company is recognized for its innovative use of code-engineered shipping containers, catering to a diverse client base including military and retail clients. CEO Paul Galvin emphasized the company's commitment to providing durable structures for military use.

SG Blocks, Inc. (NASDAQ: SGBX) has successfully sold 100,000 COVID-19 tests to a private business partner in the U.S., generating approximately $1.25 million in revenue for Q4 2020. Chairman and CEO Paul Galvin expressed satisfaction with this significant sale, marking a strong year-end performance. SG Blocks specializes in innovative container-based structures, promoting sustainable and safe construction through its product offerings, which include the GreenSteel™ structural core.

SG Blocks (Nasdaq: SGBX) announced the delivery of its D-Tec 2 Testing Pods to Los Angeles International Airport (LAX) as part of a joint venture with Clarity Mobile Venture. This facility aims to enhance safe air travel by providing coronavirus testing for passengers and employees. Expected to open in early December 2020, it will offer PCR tests with results in 3 hours and can handle up to 1,000 tests per eight-hour shift. The initiative is a collaboration with Grimshaw Architects, focusing on improved health and safety protocols at airports.

SG Blocks (Nasdaq: SGBX) has been contracted by Memorial Healthcare to provide PCR Covid-19 testing services in Wayne County, Michigan. This partnership aims to perform up to 7,000 tests per shift efficiently, significantly improving testing turnaround times to as quick as 3 hours. Memorial is funding the initial deployment of SG Blocks' high-capacity Lab Testing Hub and additional swab collection stations. The collaboration also includes provisions for future Covid-19 vaccine delivery as supplies become available. SG Blocks' testing services promise high accuracy and community support for underserved populations.

SG Blocks, Inc. (SGBX) reported a strong third quarter for 2020, with revenue of approximately $575,000, up from $184,000 in Q3 2019, and a gross profit of $194,000, reversing a loss from last year. The construction backlog grew to $24.9 million, driven by 17 active projects. Notably, the acquisition of ECHO DCL will enhance vertical integration and efficiency. Despite a net loss of approximately $1.5 million, representing improvement from 2019, the company anticipates increased earnings and cash flow through year-end and into 2021.

SG Blocks (NASDAQ: SGBX) has announced a partnership with Clarity Lab Solutions to provide a modular COVID-19 laboratory at Los Angeles International Airport (LAX). Set to open in early December 2020, the facility will offer PCR tests with results available within 3 hours for passengers and airline crew, and within 24 hours for airport employees. The site can conduct 1,000 PCR tests per eight-hour shift and will also provide rapid antigen tests. The initiative aims to enhance passenger safety and support the travel industry’s recovery amid the ongoing pandemic.