SG ECHO to Collaborate with ATCO Structures on National Modular Fleet Rollout
11 August 2021 - 10:30PM
Business Wire
Company will work alongside sustainable housing
solutions provider to deliver modular structures
SG Blocks, Inc. (NASDAQ: SGBX) (“SG Blocks” or the
“Company”), a leading designer, innovator and fabricator of modular
structures, announced today that SG ECHO would be engaging in a
collaborative effort with ATCO Structures & Logistics, a
one-stop provider of integrated energy, housing, transportation and
infrastructure solutions.
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the full release here:
https://www.businesswire.com/news/home/20210811005122/en/
SG ECHO to Collaborate with ATCO
Structures on National Modular Fleet Rollout. (Photo: Business
Wire)
ATCO has committed 20 units to be produced by SG ECHO as a part
of a national roll out of modular fleet units throughout the U.S.
With this, SG ECHO has the opportunity to continue providing ATCO
with ongoing support through this initiative, which will require
continued production over a number of years.
Plans are to produce in volumes with larger, more scalable
orders as needed.
“We’re pleased to have started the project and for a company
whom we have great respect,” Paul Galvin Chairman and CEO noted.
“It’s satisfying to provide modular structures to assist an
organization who believes in the capability of modular construction
just as much as we do.”
The initial units are to be delivered in Q3 of 2021. Company
will continue to keep updated as the status progresses.
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 is customized to
client specifications. For more information, visit
www.sgblocks.com.
About ATCO Structures
ATCO Structures & Logistics (USA) Inc, a one-stop provider
of modular space, remote housing, disaster relief, and workforce
accommodation solutions in the US.
Safe Harbor Statement
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 collaborate with ATCO as a
part of a national roll out of modular fleet units throughout the
U.S. and delivering the initial units in Q3 of 2021. 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
provide ATCO with modular units and ongoing support projects 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, 2020 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/20210811005122/en/
Investors: Stephen Swett (203) 682-8377
investors@sgblocks.com
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