SG Blocks Launches Product Line in Response to National Pandemic

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NEW YORK--(BUSINESS WIRE)-- SG Blocks, Inc. (NASDAQ: SGBX) , a leading designer, innovator and fabricator of container-based structures, continues to advance its agenda of delivering affordable housing and today announced that it has launched a series of container-based health and safety modules to help support the response to the novel coronavirus (COVID-19) pandemic.

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(Photo: Business Wire)

(Photo: Business Wire)

The applications for the container-based product line include but are not limited to:

  • COVID-19 Externalized Patient Care Rooms
  • Staff Testing and re-Testing Centers
  • Hospital/Caregiver Staff Housing
  • Staff offices for those requiring quarantine or monitoring
  • First Responder Units
  • Airport & Venue screening and quarantine

“We believe these products can offer states, cities and employer’s options for those in their care or custody,” said Paul Galvin, Chairman and CEO of SG Blocks. "They are designed to help students, patients, health professionals and others exposed to COVID-19 isolate in a safe place. Those that work in the service economy, especially emergency and medical personnel, should have an option other than going home to risk infecting loved ones.”

About SG Blocks, Inc.

SG Blocks, Inc. is a premier innovator in advancing and promoting the use of code-engineered cargo shipping containers for safe and sustainable construction. The firm offers a product that exceeds many standard building code requirements, and also supports developers, architects, builders and owners in achieving greener construction, faster execution, and stronger buildings of higher value. Each project starts with GreenSteel™, the structural core and shell of an SG Blocks building, and then customized to client specifications. For more information, visit www.sgblocks.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions and includes statements regarding the launch of a container-based health and safety module product line to help support the response to the novel coronavirus (COVID-19) pandemic. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of 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, regarding the Company’s ability to offer states, cities and employer’s options for those in their care or custody, the Company’s ability to position SG Blocks for future profitability, 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, 2018 and the Company’s 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.

Media
Rubenstein Public Relations
Christina Levin
Account Director
212-805-3029
clevin@rubensteinpr.com

or

Investor Relations
James Carbonara
Hayden IR
(646) 755-7412
james@haydenir.com

Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com

Source: SG Blocks, Inc.

Released March 18, 2020