SG Blocks to Construct New 23,715 Square-Foot Community School in Los Angeles

Design, Build and Deliver Contract Signed for $5.1 Million

NEW YORK, NY -- (Marketwired) -- 07/06/17 -- SG Blocks, Inc. (NASDAQ: SGBX), a premier designer, innovator and fabricator of container-based structures, today announced it is collaborating on a new 23,715 square-foot three-story community Performing Arts and Enrichment Center in Los Angeles. Under the $5.1 million contract, SG Blocks has been engaged to design, build and deliver the school. The project has been reviewed and approved by the state of California as well as the local government and construction has begun. It is expected to be delivered during the fourth quarter of 2017.

"We believe our building system is ideal for schools and educational institutions who are looking for student safety, price competitiveness and speed to market," stated Paul Galvin, Chairman and CEO of SG Blocks. "We are happy to be working with an excellent development team and look forward to delivering an eco-chic building this year."

SG Blocks provides an array of quality products that exceed many standard building code requirements. It supports developers, architects, builders and owners in achieving greener construction, faster execution and safer buildings, much more efficiently for clients. The company offers turnkey services along a continuum of completion levels so that each client can maximize their in-house capabilities with the SG Blocks' experienced team.

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. 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. 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 based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC") Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

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Source: SG Blocks Inc.

Released July 6, 2017