SG Echo Awarded An Additional Multi-Million Contract To Supply Modular Units To Long-Standing Private Infrastructure Solutions Client; Contract To Supply 40 Units Projected To Generate Revenue In Excess Of $2M

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Contract to supply 40 units projected to generate revenue in excess of $2 million

Multi-state certifications driving U.S. expansion

Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, announced today that SG Echo, LLC, a subsidiary of Safe & Green Holdings Corp., has entered into an agreement to provide 40 additional units to an existing customer, which is expected to generate revenue in excess of $2 million starting in Q4 2023, with estimated completion during 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231030875907/en/

 

The order of 40 units is in addition to another recent follow-on order for 38 units with this same customer, as previously announced on August 2, 2023.

"Based on our strong performance, we continue to expand our relationship with this important client," commented David Cross, Vice President of Business Development for Safe & Green Holdings. "We believe these successive follow-on orders are further validation of the quality of our work and strong value proposition. Importantly, this customer continues to work with us based on our ability to deliver units quickly, sustainably and cost effectively."

"Our multi-state certifications, which allow our units to be relocated, if necessary, is an important competitive advantage for SG Echo," further noted Brian Aspell, Vice President of Operations for Safe & Green Holdings. "This multi-state functionality is expected to increase sales opportunities and we could not be more excited about the outlook for the business."

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