News

Grimshaw Architects Modular Single & Multi-Family Home Rendering (Source – Grimshaw Architects)

BROOKLYN, N.Y.–(BUSINESS WIRE)–SG Blocks, Inc. (NASDAQ: SGBX), a leading designer, fabricator and innovator of container-based structures, has partnered with SOLDIER ON, a nonprofit organization whose mission is to end veteran homelessness and provide veteran supportive services, using donated lands, for veterans in need across the United States. Subsequent to the closing of the partnership Soldier On has identified five sites for potential development in selected markets.

SG Blocks’ newly-formed subsidiary SG Residential will be the exclusive provider of modular single-family and multi-family homes for Soldier On. The firm will deliver design and engineering renderings for all manufactured homes and partner with local contractors, preferably veteran-owned, for site work and install. Grimshaw Architects will be bringing its design expertise to SG Residential and is well-versed in affordable housing design and universal design. SG Blocks will also introduce financing partners to assist the veterans with financing. According to a 2017 report by the U.S. Department of Housing and Urban Development, there are over 40,000 homeless veterans.

“SG Blocks admires our military personnel and we are honored to be working with Soldier On to help provide housing to veterans in need,” stated Paul Galvin, Chairman and CEO of SG Blocks. “Our housing solution is extremely efficient, safe and sustainable. With our quick turnaround time, veterans serviced will be able to drastically reduce their costs and move in to their new homes much more quickly than if traditional construction methods had been used.”

“We are thrilled to partner with SG Blocks and enhance our housing capabilities for the veterans we serve,” stated Bruce Buckley, CEO of Soldier On. “Its unique container-based modular solution will speed up our processes and reduce our costs, allowing us to help more veterans in need.”

“We are so proud of our team member, Marine Tommy Meharey, who served our country, and his dedication and active engagement with Soldier On,” stated Kathy Ireland, Level Brands (NYSE AMERICAN: LEVB) Chairman Emeritus and Chief Brand Strategist. “We are excited about Soldier On’s partnership with SG Blocks, an innovative leader in the construction sector.”

SG Blocks utilizes code-engineered cargo shipping containers to construct and provide safe, durable and environmentally-friendly structures. 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 Starbucks, Marriott, Taco Bell, Aman, Equinox and several branches of the U.S. military.

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.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180913005326/en/

Contacts

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