SG Blocks Sub-Leases COVID-19 Vaccination Site to Cook County, Illinois
02 March 2021 - 12:00AM
Business Wire
Transaction will generate the seed capital for
Clarity Mobile Ventures
SG Blocks, Inc. (NASDAQ: SGBX) (“SG Blocks” or the “Company”), a
leading designer, innovator and fabricator of container-based
structures, announced today that the Company, SG Blocks, via its
partnership with Chicago Airport Testing LLC, successfully
completed a sub-lease for COVID-19 vaccinations with Cook County
for the former K-Mart site in Des Plaines, Illinois, a suburb
outside of Chicago.
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the full release here:
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Rendering of an SG Blocks testing site
(Photo: Business Wire)
“We were happy to support the leadership team at Cook County in
transitioning the space to a COVID-19 vaccination site. Our Chicago
Airport Testing was not fully utilizing the entire building
footprint, so using our massive space to aid in the process of
vaccinating folks to fight the spread of COVID-19 made complete
sense,” Paul Galvin, Chairman and CEO of SG Blocks noted.
With approximately 200,00 square feet of indoor and outdoor
testing space, the facility will soon be used by Cook County for a
mass vaccination program to combat the spread of COVID-19. Chicago
Airport Testing will transition to a new laboratory site, with
further details coming soon. The Chicago program will also expand
to include remote collection units. Clarity Mobile Ventures will be
able to seed its operations from the proceeds in a non-dilutive
fashion.
About SG Blocks, Inc.
Founded in 2007, SG Blocks, Inc. is a premier innovator in
advancing and promoting the use of code-engineered cargo shipping
containers to design and provide safe, durable and environmentally
friendly structures. 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 is customized to client
specifications. It has an exclusive ESR number, which was granted
by the International Code Council and ensures its ability to meet
and exceed all international building codes. Clients have included
various retail clients, several branches of the U.S. military, and
most recently, advances into the travel and healthcare space with
hospitals and airports. For more information, visit
www.sgblocks.com.
Safe Harbor Statement
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. 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 deploy its COVID-19 solutions as planned, the
Company’s ability to position itself 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
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210301005494/en/
Media: Rubenstein Public Relations: Christina Levin Vice
President 212-805-3029 clevin@rubensteinpr.com
Investor Relations: ICR Stephen Swett (203) 682-8377
investors@sgblocks.com
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