Welcome to our dedicated page for Safe & Green Holdings news (Ticker: SGBX), a resource for investors and traders seeking the latest updates and insights on Safe & Green Holdings stock.
Safe & Green Holdings Corp (NASDAQ: SGBX) delivers innovative modular construction solutions through repurposed shipping containers and sustainable wood modules. This news hub provides investors and industry professionals with essential updates on the company's construction projects, environmental initiatives, and market developments.
Access real-time updates across all operational segments including construction services, medical infrastructure, and real estate development. Track announcements about new modular housing projects, healthcare facility deployments, and advancements in green building techniques. Our curated feed includes earnings reports, partnership announcements, and regulatory filings to help stakeholders monitor SGBX's position in sustainable construction markets.
Key updates cover modular design innovations, disaster-resistant housing solutions, and environmental impact reduction initiatives. Bookmark this page for streamlined access to press releases about SG ECHO manufacturing developments, code-compliant module certifications, and strategic expansions in key markets.
SG Blocks, Inc. (SGBX) has rescheduled its fourth fiscal quarter financial results release to March 25, 2021, due to COVID-19 cases within its finance department. The Company anticipates revenue for Q4 2020 to exceed $5 million, a significant increase from approximately $337,000 for Q4 2019. Annual revenue for 2020 is projected to be at least $6.5 million compared to $3.0 million in 2019. The Annual Report on Form 10-K will also be filed on the same date. CEO Paul Galvin will host a conference call for shareholders.
SG Blocks, Inc. (NASDAQ: SGBX) announced a successful sub-lease agreement for a site designated for COVID-19 vaccinations in Des Plaines, Illinois, with Cook County. This facility features 200,000 square feet of space and will support a mass vaccination program. Paul Galvin, Chairman and CEO, expressed satisfaction in aiding Cook County's vaccination efforts. The site will also allow Chicago Airport Testing to transition to a new location while expanding their program with remote collection units. This initiative reflects SG Blocks' commitment to community health and innovative use of their space.
SG Blocks, Inc. (NASDAQ: SGBX) has announced plans to acquire a 7-acre site in Austin, Texas, for the development of up to 225 condo units to be sold at market rates. The project is expected to begin in Q3 2021, following planning and approvals. Funding will come from third-party debt and equity sources, with estimated net profits exceeding $20 million from the sale of the condos. The units aim to attract young professionals and millennials looking for waterfront living.
SG Blocks (NASDAQ: SGBX) has launched SGB Development Corp. to enhance low- and moderate-income housing. The new arm will collaborate with financial partners to create affordable housing across the U.S. A 19-acre site in Durant, OK, has been acquired for a 60,000 SF manufacturing facility, with plans for an additional 350,000 SF. SG Blocks aims to reduce construction time by 50%, lowering costs and expediting occupancy. CEO Paul Galvin highlighted the importance of local partnerships in delivering safe, green, and affordable homes.
SG Blocks, Inc. (NASDAQ: SGBX) has announced plans to acquire a 19-acre site in Durant, Oklahoma, enhancing its growth strategy. This acquisition will include a new 60,000 square foot facility dedicated to SG Home, designed to construct single-family residences. The transaction, set to close in approximately 60 days, will be financed through a combination of debt and equity, aimed at strengthening the Company’s balance sheet. CEO Paul Galvin emphasizes the commitment to create an eco-friendly manufacturing campus, leveraging solar and EV partnerships for sustainability.
SG Blocks, Inc. (Nasdaq: SGBX) will host a conference call on March 17, 2021, at 4:30 p.m. ET to discuss its financial results for Q4 and the fiscal year ended December 31, 2020. CEO Paul Galvin will lead the call, which includes a Q&A session. Dial-in numbers are 1-877-407-9716 (U.S.) and 1-201-493-6779 (International). A live broadcast and replay will be available via their website. SG Blocks specializes in sustainable construction using shipping containers, offering innovative solutions that meet rigorous building codes.
SG Blocks (NASDAQ: SGBX) has unveiled the "Chicago Airport Testing" center in Des Plaines, IL, in partnership with Clarity Lab Solutions and National Pain Centers. This center offers Fast PCR, Rapid Antigen, and Rapid Antibody testing aimed at travelers and airport employees. Open Monday to Saturday initially, it aims to address the urgent need for reliable COVID-19 testing. Company leadership expresses optimism for expansion in response to demand for testing and vaccination solutions, highlighting a commitment to enhancing safety in travel hubs.
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.
