Safe & Green Holdings Debuts Its Modular Comfort Homes for the Tunnel to Towers Foundation Nationwide Program at Events in Houston and New York City

Rhea-AI Summary

Safe & Green Holdings Corp. (NASDAQ: SGBX) debuts the Comfort Home Show model, a modular home constructed for the Tunnel to Towers Foundation's Homeless Veteran Program. The home was showcased at a Grand Opening event in Houston, Texas, and assembled in real time in New York City, featured on 'Fox & Friends'. The program aims to eradicate homelessness for 35,000 veterans across the US.

Positive

• The collaboration with the Tunnel to Towers Foundation highlights Safe & Green Holdings' commitment to social responsibility and supporting veterans.
• The innovative design and features of the Comfort Home, including ADA compliance and open living space, make it an attractive and functional solution for homeless veterans.

Negative

• None.

Comfort Home Showcased at Grand Opening Event in Houston, Texas on November 9^th

Home Assembled in Real-time in Fox News Plaza in New York City on November 9th and Showcased Live on 'Fox and Friends’ on November 10^th and 11^th

Tunnel to Towers Aims to Eradicate Homelessness by Providing Housing and Services to Homeless Veterans Across America

MIAMI--(BUSINESS WIRE)-- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, announces the debut of the Comfort Home Show model, a traveling modular home the Company is constructing for the Tunnel to Towers Foundation. This model home aims to highlight the foundation's Homeless Veteran Program and was revealed during events in both New York City and Houston, Texas.

Comfort Home Showcased at Grand Opening Event in Houston, Texas (Photo: Business Wire)

The Homeless Veteran Program is dedicated to eliminating homelessness for approximately 35,000 veterans across the country. It offers high-quality permanent housing options, complemented by comprehensive wrap-around services that identify the underlying root causes for homelessness. The program works diligently to reintegrate these veterans into the communities they once risked everything to defend.

The innovative home made its debut at a Grand Opening event in Houston, Texas on November 9, 2023, and was featured on Fox Business on ‘Varney & Co’. Each of these Comfort Homes have been uniquely designed to be ADA compliant and with an open living space. The large covered front porch is an inviting feature to the Comfort Home. In addition, the home was showcased in New York City on November 9, 2023, where, in a testament to its modular and adaptive design, the home was assembled in real time for the public's viewing. The home was showcased and broadcast live on ‘Fox & Friends’ on the Fox News channel on November 10^th and 11^th from the iconic Fox News Plaza, in New York City. This event not only highlights the home's unique features but also underscores its role in promoting the noble cause of the Homeless Veteran Program.

Paul Galvin, Chairperson and CEO of Safe & Green Holdings stated, “It is an honor for the Company to collaborate with the Tunnel to Towers Foundation. We stand firmly behind their endeavor to eliminate homelessness among our Veterans and recognize their sacrifices. We are pleased to have showcased our modular Comfort Homes in both Houston and New York City, offering the public a firsthand look at these state-of-the-art modular units. These units are designed with particular features that uplift and restore the dignity of our nation's heroes. We are confident that by providing these safe and economically efficient homes, we can make significant strides in addressing homelessness, enabling these Veterans to rebuild their lives.”

About the Tunnel to Towers Foundation

Born from the tragedy of 9/11, the Tunnel to Towers Foundation carries out its mission to “do good,” by providing mortgage-free homes to Gold Star and fallen first responder families with young children and by building specially adapted smart homes for catastrophically injured veterans and first responders. Tunnel to Towers is also committed to eradicating veteran homelessness and helping America Never Forget September 11, 2001. Visit T2T.org to learn more and follow Tunnel to Towers on Facebook, Twitter, and Instagram.

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. The Company’s subsidiary, Safe and Green Development Corporation, is a leading real estate development company. Formed in 2021, it focuses on the development of sites using purpose-built, prefabricated modules built from both wood and steel, sourced from one of SG Holdings’ factories and operated by the SG Echo subsidiary. 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 current estimates and assumptions and include statements regarding the Company’s modular home being showcased nationwide, the features of such modular home and 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 Company’s modular homes playing a key role in helping end homelessness and allowing Veterans to reclaim their lives. 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 but are not limited to those 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231114410718/en/

Investor Relations:

Crescendo Communications, LLC

212-671-1020

SGBX@crescendo-ir.com

Source: Safe & Green Holdings Corp.

FAQ

What is the Comfort Home Show model?

The Comfort Home Show model is a modular home constructed by Safe & Green Holdings Corp. for the Tunnel to Towers Foundation's Homeless Veteran Program.

Where was the Comfort Home showcased?

The Comfort Home was showcased at a Grand Opening event in Houston, Texas, and assembled in real time in New York City, featured on 'Fox & Friends'.

What is the goal of the Homeless Veteran Program?

The Homeless Veteran Program aims to eradicate homelessness for 35,000 veterans across the US by providing high-quality permanent housing options and wrap-around services.