Safe & Green Holdings Corp. Announces Successful Completion of Two Major Projects for U.S. Government Contractor
Safe & Green Holdings (NASDAQ: SGBX) has announced that its subsidiary, SG Echo, has completed two major projects for a U.S. government contractor. The contracts involved manufacturing 45 container-style office units (15 units in one order and 30 in another) for U.S. military operations. These modular office solutions were designed from shipping containers to provide flexible, 'plug-and-play' temporary offices, meeting strict safety and quality standards. The project demonstrated SG Echo's rapid production capabilities and commitment to delivering American-made modular solutions efficiently.
Safe & Green Holdings (NASDAQ: SGBX) ha annunciato che la sua filiale, SG Echo, ha completato due progetti significativi per un appaltatore del governo degli Stati Uniti. I contratti prevedevano la produzione di 45 unità per ufficio in stile container (15 unità in un ordine e 30 in un altro) per le operazioni militari statunitensi. Queste soluzioni per uffici modulari sono state progettate a partire da container per offrire uffici temporanei flessibili, 'plug-and-play', rispettando rigorosi standard di sicurezza e qualità. Il progetto ha dimostrato le capacità di produzione rapida di SG Echo e il suo impegno a fornire soluzioni modulari realizzate in America in modo efficiente.
Safe & Green Holdings (NASDAQ: SGBX) ha anunciado que su subsidiaria, SG Echo, ha completado dos proyectos importantes para un contratista del gobierno de EE. UU. Los contratos involucraron la fabricación de 45 unidades de oficina estilo contenedor (15 unidades en un pedido y 30 en otro) para las operaciones militares de EE. UU. Estas soluciones de oficina modulares fueron diseñadas a partir de contenedores de envío para proporcionar oficinas temporales flexibles, 'plug-and-play', cumpliendo con estrictas normas de seguridad y calidad. El proyecto demostró las capacidades de producción rápida de SG Echo y su compromiso de entregar soluciones modulares fabricadas en EE. UU. de manera eficiente.
Safe & Green Holdings (NASDAQ: SGBX)는 자회사가 미국 정부 계약자를 위해 두 개의 주요 프로젝트를 완료했다고 발표했습니다. 계약에는 미군 작전을 위한 45개의 컨테이너 스타일 사무실 유닛(한 주문에 15개 유닛, 다른 주문에 30개)이 포함되었습니다. 이 모듈식 사무실 솔루션은 해상 운송 컨테이너를 기반으로 설계되어 유연하고 '플러그 앤 플레이' 임시 사무실을 제공하며, 엄격한 안전 및 품질 기준을 충족합니다. 이 프로젝트는 SG Echo의 신속한 생산 능력과 효율적으로 미국산 모듈식 솔루션을 제공하겠다는 의지를 보여주었습니다.
Safe & Green Holdings (NASDAQ: SGBX) a annoncé que sa filiale, SG Echo, a achevé deux projets majeurs pour un entrepreneur du gouvernement américain. Les contrats comprenaient la fabrication de 45 unités de bureau de style conteneur (15 unités dans une commande et 30 dans une autre) pour les opérations militaires américaines. Ces solutions de bureau modulaires ont été conçues à partir de conteneurs d'expédition pour offrir des bureaux temporaires flexibles 'plug-and-play' répondant à des normes strictes de sécurité et de qualité. Le projet a démontré les capacités de production rapide de SG Echo et son engagement à fournir efficacement des solutions modulaires produites aux États-Unis.
Safe & Green Holdings (NASDAQ: SGBX) hat bekannt gegeben, dass ihre Tochtergesellschaft, SG Echo, zwei bedeutende Projekte für einen US-Regierungsauftragnehmer abgeschlossen hat. Die Verträge beinhalteten die Herstellung von 45 Büroeinheiten im Containerstil (15 Einheiten in einem Auftrag und 30 in einem anderen) für die militärischen Operationen der USA. Diese modularen Bürolösungen wurden aus Schiffscontainern entworfen, um flexible, 'Plug-and-Play'-temporäre Büros bereitzustellen, die strengen Sicherheits- und Qualitätsstandards genügen. Das Projekt demonstrierte die schnellen Produktionsfähigkeiten von SG Echo und das Engagement, effizient modulare Lösungen 'Made in America' zu liefern.
- Successful completion of two major government contracts
- Demonstrated capability to handle large-scale military projects
- Proven ability to deliver on tight timelines with significant cost savings
- None.
Insights
This contract completion announcement, while positive, lacks significant financial details to gauge material impact on SGBX's bottom line. For a micro-cap company with just
The operational achievement demonstrates SGBX's execution capabilities in the modular construction space and strengthens their position with government contractors. However, the 45 container office units order size, while notable for their production capacity, needs context regarding revenue contribution to properly assess its materiality.
The ESR certification mention and American-made positioning could provide competitive advantages in future government contracts, but investors should wait for financial figures in upcoming earnings reports to evaluate actual impact.
Rapid Turnaround and American-Made Quality: SG Echo Completes 45 Military Container Office Units Resulting in Significant Time & Material Savings
MIAMI, FL, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, today announced that its subsidiary, SG Echo, has successfully completed two substantial projects for a long-time customer, a large contractor to a U.S. government agency. The contracts, totaling 45 container-style office units, included one order for 15 units and another for 30 units, resulting in significant time and material savings for the customer. The entire design-to-completion process highlights SG Echo’s rapid production capabilities, high-quality manufacturing, and commitment to timely delivery.
The office units, custom-designed from shipping containers, provide flexible, “plug-and-play” temporary office solutions for U.S. military operations. Each unit is built to meet strict safety and quality standards, underscoring SG Echo’s reputation for reliability, durability, and cost-effectiveness in modular construction. The quick turnaround time of the project emphasizes SG Echo’s efficiency and capability in supporting government projects on tight timelines.
“We are incredibly proud to have once again delivered high-quality, American-made modular solutions to one of our valued government contracting partners,” said Paul Galvin, CEO of Safe & Green Holdings Corp. “This project is a testament to the great use of our ESR certification, allowing us to deliver container-based, temporary office solutions designed for flexibility and easy integration. Our units are proudly made in America, for America, and provide essential, adaptable space to support our military’s needs efficiently.”
Safe & Green Holdings has a proven track record of delivering exceptional customer service and innovative solutions to both commercial and government clients. SG Echo’s commitment to quality, cost-effectiveness, and customer satisfaction underscores its position as a leader in modular building solutions tailored to the specific needs of clients across various sectors, including government, healthcare, and commercial industries.
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 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. 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, the factors discussed 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 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.
Investor Relations:
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FAQ
What projects did Safe & Green Holdings (SGBX) complete for the U.S. government in October 2023?
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