SG Blocks to Manufacture Two High-Complexity Mobile CLIA-Certified Laboratories
20 September 2021 - 10:30PM
Business Wire
The Company plans to expand in the medical
diagnostic testing space via mobile modular units.
SG Blocks, Inc. (NASDAQ: SGBX) (“SG Blocks” or the “Company”), a
leading designer, innovator and fabricator of modular structures,
announced today that the Company has developed a new modular
laboratory product at the SG Echo campus in Durant, Oklahoma and
plans to build and deploy mobile intermodal CLIA-certified
laboratories for point-of-care healthcare testing.
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High-Complexity Mobile CLIA-Certified
Laboratories (Photo: Business Wire)
SG Blocks will own and operate these units, providing its own
end-to-end solution including both staffing and billing. Clients
from various industries and sectors such as sports teams,
universities, entertainment companies, and more will be targeted to
hire SG Blocks to deploy the flexible mobile unit wherever
needed.
“We have seen a great need for adaptable and efficient
healthcare testing through our deep-dive into COVID-19 testing,”
Paul Galvin, Chairman and CEO of SG Blocks explained. “While we
have seen great success thus far with our partners, we believe we
are ready to create and deploy these mobile modular units solely
through SG Blocks and intend to make waves in the point-of-care
medical diagnostic testing space. It’s really just the beginning
for us in the medical field.”
The mobile CLIA lab unit will be 40 feet and be attached to a
custom trailer solution with the ability to provide a full array of
diagnostic testing inclusive of COVID-19.
The labs will be fully mobile and have the potential capacity to
test for various diseases and infections from urinary tract
infections, to cancer, COVID-19 and the flu.
“We decided to move forward with this plan after over a year of
inquiries from both public and private entities, national and
international events,” Paul Galvin continued. “There is clearly a
need in the market for better, faster, and easily accessible
diagnostic testing, and our solutions enable exactly that.”
SG Blocks envisions deploying these medical units at
transportation hubs, events, border check-points, campuses, and
Native American reservations.
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.
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 build and deploy mobile
intermodal CLIA-certified laboratories for point-of-care healthcare
testing, the Company being ready to create and deploy the mobile
modular units solely through the Company and plans to expand in the
medical diagnostic testing space via mobile modular units. 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 deploy mobile intermodal CLIA-certified laboratories for
point-of-care healthcare testing as planned, the Company’s ability
to create and deploy the mobile modular units solely through the
Company, the Company’s ability to expand in the medical diagnostic
testing space via mobile modular units, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210920005326/en/
Investors: Stephen Swett (203) 682-8377
investors@sgblocks.com Source: SG Blocks, Inc.
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