Safe & Green Holdings Corp. Secures Two New Contracts for Modular Construction Projects
Safe & Green Holdings (NASDAQ: SGBX) has secured two new modular construction contracts. The first contract involves designing and delivering two modular containers totaling 640 square feet with a kitchen, scheduled for completion by January 2025. The second contract encompasses up to 45 modular containers of 320 square feet each for housing generator systems, with the first unit expected by March 1, 2025, followed by phased delivery of remaining units.
The projects demonstrate the company's versatility in providing sustainable, cost-effective modular solutions across different applications, from custom kitchens to specialized industrial units.
Safe & Green Holdings (NASDAQ: SGBX) ha ottenuto due nuovi contratti per la costruzione modulare. Il primo contratto prevede la progettazione e la consegna di due container modulari che coprono un totale di 640 piedi quadrati con una cucina, previsto per il completamento entro gennaio 2025. Il secondo contratto comprende fino a 45 container modulari di 320 piedi quadrati ciascuno per ospitare sistemi di generazione, con la prima unità attesa entro il 1° marzo 2025, seguita da una consegna progressiva delle unità rimanenti.
I progetti dimostrano la versatilità dell'azienda nel fornire soluzioni modulari sostenibili ed economiche per differenti applicazioni, da cucine personalizzate a unità industriali specializzate.
Safe & Green Holdings (NASDAQ: SGBX) ha asegurado dos nuevos contratos de construcción modular. El primer contrato implica el diseño y entrega de dos contenedores modulares que suman un total de 640 pies cuadrados con una cocina, programados para completarse en enero de 2025. El segundo contrato abarca hasta 45 contenedores modulares de 320 pies cuadrados cada uno para alojar sistemas generadores, con la primera unidad esperada para el 1 de marzo de 2025, seguida por una entrega escalonada de las unidades restantes.
Los proyectos demuestran la versatilidad de la empresa en la provisión de soluciones modulares sostenibles y rentables en diversas aplicaciones, desde cocinas personalizadas hasta unidades industriales especializadas.
Safe & Green Holdings (NASDAQ: SGBX)는 두 개의 새로운 모듈러 건설 계약을 체결했습니다. 첫 번째 계약은 주방이 포함된 640 평방피트 크기의 두 개 모듈러 컨테이너를 설계하고 납품하는 것으로, 2025년 1월까지 완료될 예정입니다. 두 번째 계약은 각각 320 평방피트 크기의 제너레이터 시스템을 위한 최대 45개의 모듈러 컨테이너를 포함하며, 첫 번째 유닛은 2025년 3월 1일까지 예상되며, 나머지 유닛들은 단계적으로 납품될 예정입니다.
이 프로젝트들은 다양한 응용 분야에 걸쳐 맞춤형 주방부터 전문 산업 유닛까지 지속 가능하고 경제적인 모듈형 솔루션을 제공하는 회사의 다재다능함을 보여줍니다.
Safe & Green Holdings (NASDAQ: SGBX) a sécurisé deux nouveaux contrats de construction modulaire. Le premier contrat concerne la conception et la livraison de deux conteneurs modulaires totalisant 640 pieds carrés avec une cuisine, prévue pour être achevée d'ici janvier 2025. Le second contrat comprend jusqu'à 45 conteneurs modulaires de 320 pieds carrés chacun pour abriter des systèmes générateurs, la première unité étant attendue pour le 1er mars 2025, suivie d'une livraison échelonnée des unités restantes.
Ces projets démontrent la polyvalence de l'entreprise à fournir des solutions modulaires durables et rentables dans diverses applications, des cuisines sur mesure aux unités industrielles spécialisées.
Safe & Green Holdings (NASDAQ: SGBX) hat zwei neue Verträge für die modulare Konstruktion gesichert. Der erste Vertrag umfasst die Planung und Lieferung von zwei modularen Containern mit insgesamt 640 Quadratfuß und einer Küche, die bis Januar 2025 abgeschlossen sein sollen. Der zweite Vertrag betrifft bis zu 45 modulare Container mit jeweils 320 Quadratfuß zur Unterbringung von Generatoranlagen, wobei die erste Einheit bis zum 1. März 2025 erwartet wird, gefolgt von einer schrittweisen Lieferung der verbleibenden Einheiten.
Die Projekte demonstrieren die Vielseitigkeit des Unternehmens bei der Bereitstellung nachhaltiger und kosteneffektiver modularer Lösungen in verschiedenen Anwendungsbereichen, von maßgeschneiderten Küchen bis hin zu spezialisierten Industrieeinheiten.
- Secured two new contracts demonstrating business expansion
- Project pipeline extends into 2025 providing revenue visibility
- Diversification of product offerings showing market adaptability
- None.
Insights
These new contracts demonstrate SGBX's ability to secure diverse revenue streams in the modular construction sector. The larger contract for 45 generator housing units suggests potential for recurring revenue and stable cash flow through phased delivery. However, the company has not disclosed the monetary value of these contracts, making it difficult to assess their financial impact on the
The contracts' execution timeline spanning into early 2025 indicates near-term revenue visibility. The diverse nature of projects - from kitchen facilities to industrial generator housing - showcases market adaptability but also highlights the company's still-developing scale. For a micro-cap company, securing multiple contracts is positive, but without contract values, the material impact remains uncertain.
The modular construction approach showcased in these contracts addresses key industry pain points: speed of delivery, cost efficiency and customization flexibility. The 640-square-foot kitchen units and 320-square-foot generator housings represent practical applications of modular technology in both commercial and industrial sectors. The phased delivery approach for the 45-unit generator housing project demonstrates smart capacity management.
The company's ability to handle both small custom projects and larger serial production runs indicates operational versatility. However, the relatively modest size of these projects suggests SGBX is still operating at the smaller end of the modular construction market. The early 2025 delivery timeline is competitive by industry standards but not exceptional.
Highlights Versatility and Growing Demand for Modular Solutions
MIAMI, FL, Dec. 04, 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 the signing of two significant contracts, further demonstrating the Company's ability to deliver innovative and efficient solutions across diverse applications.
The first contract involves the design, fabrication, and delivery of two modular containers totaling 640 square feet, equipped with a fully functional kitchen. The project is scheduled for completion by the end of January 2025. The second contract, a larger-scale initiative, encompasses up to 45 modular containers totaling 320 square feet each. These units are designed to house generator systems, meeting specialized industry needs. The first unit is expected to be completed by March 1, 2025, with the remaining containers scheduled for phased delivery thereafter.
Paul Galvin, Chairman and CEO of Safe & Green Holdings Corp., stated, “These contracts highlight the versatility of our modular construction solutions, from custom-designed kitchens to complex generator housing units. Our ability to adapt to diverse client requirements while maintaining high-quality standards and rapid turnaround times positions Safe & Green as a leader in the modular construction industry. We are proud to continue driving sustainable, cost-effective, and scalable solutions for our clients. In addition, these projects reflect Safe & Green's dedication to providing innovative modular designs tailored to specific client requirements, demonstrating the scalability of the Company’s solutions for both small and large-scale initiatives.”
Chance Shires, Vice President of Operations at Safe & Green Holdings Corp., commented, “These new contracts further solidify Safe & Green's reputation as a trusted partner across diverse industries. We pride ourselves on delivering reliable, environmentally conscious solutions that not only streamline project timelines but also reduce costs compared to traditional construction methods. We deeply value the loyalty and trust of our repeat customers and remain committed to tirelessly meeting their needs.”
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 and include statements regarding the Company’s signing of two significant contracts, one for the design, fabrication, and delivery of two modular containers totaling 640 feet, equipped with fully functional kitchen, and a second for up to 45 modular containers totaling 320 square feet each, designed to house generator systems. 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 successfully complete the two significant contracts, the effect of government regulation, the Company’s ability to maintain compliance with the NASDAQ listing requirements, and the other 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 are the two new contracts secured by Safe & Green Holdings (SGBX)?
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What is the delivery timeline for SGBX's generator housing containers?
