SG Blocks Expands Partnership with U.S. Navy and Selected to Design and Construct Two New Multi-Module Buildings

Download as PDF

Exclusive ESR Certification Held by Container-Based Innovator Guarantees All Building Codes will be Surpassed

BROOKLYN, NY--(BUSINESS WIRE)-- SG Blocks, Inc. (NASDAQ: SGBX), a leading designer, innovator and fabricator of container-based structures, is designing and constructing two buildings for the U.S. Navy. The first will be a two-module, single story building and the second, a four-module, 1,280 square-foot multi-story building. They will be delivered and assembled in February 2018.

“We have a long-standing relationship with the U.S. Navy and are proud to be working together on two more projects,” stated Paul Galvin, Chairman and CEO of SG Blocks. “Our efficient, sustainable method of construction ensures the project will be completed quickly and cost effectively.”

Greener and more sustainable construction are becoming increasingly popular in the United States and organizations are capitalizing on SG Blocks’ competitive advantage of bringing container-based modules to the mainstream of modular construction. This has been exemplified through SG Blocks’ exclusive ESR number, held by no other container construction company, which ensures its ability to meet and exceed all international building codes.

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. 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 based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the SG Blocks' filings with the Securities and Exchange Commission (the "SEC") Thus, actual results could be materially different. SG Blocks 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.

Media
Rubenstein Public Relations
Kati Bergou
Vice President
212-805-3014
kbergou@rubensteinpr.com
or
Investor Relations
MZ North America
Chris Tyson
Managing Director
949-491-8235
chris.tyson@mzgroup.us

Source: SG Blocks, Inc.

Released December 21, 2017