SG Blocks and Grimshaw to Bring Rapid Coronavirus Testing Centers to Los Angeles International Airport, Facilitating Safe Travel

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- Prefabricated, container-based testing pods include on-site lab

- OSANG PCR test produces results in 2 hours

LOS ANGELES--(BUSINESS WIRE)-- SG Blocks, Inc. (NASDAQ: SGBX), a leading designer, innovator and fabricator of container-based structures, and Grimshaw, a global leader in architecture, planning and industrial design, today announced plans to build modular coronavirus testing centers for Los Angeles International Airport (LAX). The centers are expected to be delivered to LAX on or before November 1, 2020.

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(Photo: Business Wire)

(Photo: Business Wire)

The D-Tec 2 model Testing Pods will feature a CLIA certified laboratory and deploy the OSANG GeneFinder™ test, offering COVID-19 test results in just two hours. Created in partnership with Grimshaw, SG Blocks’ D-Tec suite of testing pods upcycles disused shipping containers, offering a safe, efficient environment for testing collection and onsite deployable laboratory analysis. The CLIA certified laboratory will be operated and fully staffed by Clarity Mobile Venture, a joint venture with SG Blocks and Clarity Labs.

“We are proud to work with LAX to help bring passengers and staff a greater sense of security and safety when it comes to air travel,” said Paul Galvin, Chairman and CEO of SG Blocks. “Accessible and rapid testing are essential in our world today and through our turnkey D-Tec Testing Pods, we are pleased to be able to offer both.”

The GeneFinder™ test – produced by OSANG Healthcare Co., Ltd, a South Korea-based global manufacturer and distributor of medical-grade diagnostic tests and equipment – is a polymerase chain reaction (PCR) SARS-CoV-2 test for COVID-19 available in the U.S. under the FDA’s Emergency Use Authorization.

“We have designed the D-Tec System as a highly flexible and rapid modular system that allows a fully operational Laboratory to be deployed at the locations where samples are being collected” stated Andrew Whalley, Chairman of Grimshaw.

Earlier this year, SG Blocks announced the signing of a one-year, non-exclusive distributorship agreement with OSANG for its GeneFinder™ COVID-19 Plus RealAmp Kit in the U.S.

To learn more about SG Blocks’ D-Tec Suite of offerings, visit sgblocks.com.

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

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 plans to build modular coronavirus testing centers for LAX and delivering the centers on or before November 1, 2020. While SG Blocks 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, among others, the Company’s ability to build and deliver modular coronavirus testing centers for LAX as planned, 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, 2019 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 the Company undertakes 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.

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

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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 September 25, 2020