Benzinga | Oct 20, 2020 07:19AM EDT

SG Blocks Announces Three New Construction Projects Utilizing SG ECHO Modular Manufacturing Facility; Projects Expected To Generate ~$1.7M In Revenue

- Projects Expected to Generate Roughly $1.7 Million in Combined Revenue -

NEW YORK--(BUSINESS WIRE)-- SG Blocks, Inc. (NASDAQ:SGBX) ("SG Blocks" or the "Company"), a leading designer, innovator and fabricator of modular and container-based structures, today announced three development projects to be undertaken at its SG ECHO modular/container manufacturing facility in Durant, Oklahoma. In September 2020, SG Blocks closed on the purchase of most of the assets of ECHO DCL, which specializes in the design and construction of permanent and temporary modular buildings. These projects are expected to generate approximately $1.7 million in aggregate revenue to the Company and join the previously announced projects being fabricated at the facility, including the approximately $4.0 million in aggregate revenue mixed-used South Florida hospitality project announced by the Company on July 6, 2020 and the approximately $2.9 million in aggregate revenue SG ECHO New Mexico project announced on September 28, 2020.