Company Expands Footprint in Flexible Workspace Solutions Market with
Initial 25 GreenSteel Container Project in Beloit, Wisconsin
BROOKLYN, N.Y. -- (Business Wire)
Blocks, Inc. (NASDAQ: SGBX),
a leading designer, innovator and fabricator of container-based
structures, has been selected by Irontek,
a collaborative and dynamic co-working space for small businesses and
entrepreneurs, to design and manufacture container-based cubicles for
its expanding flexible workspace located in Beloit, Wisconsin. SG Blocks
is supplying 25 of its GreenSteel™ product, the structural core and
shell of an SG Blocks building, that will create 8,000 square feet of
new office space for Irontek. Delivery is expected in the second quarter
of 2018 and SG Blocks will work with a local company to finish building
“The momentum with our container-based solutions in the flexible
workspace vertical continues and supported by our new collaboration with
Irontek,” stated Paul Galvin, Chairman and CEO of SG Blocks. “Innovative
thinkers like Irontek see the value proposition our solution presents
when they need to move fast to keep up with customer demand. With
expected delivery in the second quarter of 2018, and go-live by end of
summer 2018, you can start to envision the disruptive nature of the SG
Blocks solution versus traditional construction.”
Irontek is part of a larger 500,000 square foot facility, Ironworks,
which houses a YMCA, HCP office, eBates, Golf Lab and First National
Bank, among other businesses. Several started within Irontek and
continued to grow into a larger space.
“We are thrilled to be partnering with SG Blocks and growing our Irontek
incubator space for small businesses and entrepreneurs,” stated Scott
Henricks, Senior Vice President of Development Operations, Hendricks
Commercial Properties. “We have outgrown our site very quickly in the
two years since we opened, and SG Blocks’ cost-effective,
container-based building process will allow us to expand quickly.”
SG Blocks utilizes code-engineered cargo shipping containers to
construct and provide safe, durable and environmentally-friendly
structures. Its exclusive ESR number, granted by the International Code
Council (ICC) and held by no other container construction company,
ensures its ability to meet and exceed all international building codes.
Clients have included Lacoste, Puma, Mini Cooper, Aman, Taco Bell,
Marriott, Starbucks, 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.
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. 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 based upon current
estimates and assumptions and are subject to various risks and
uncertainties, including without limitation those set forth in the SG
Blocks' filings with the Securities and Exchange Commission (the "SEC")
Thus, actual results could be materially different. SG Blocks expressly
disclaims any obligation to update or alter statements whether as a
result of new information, future events or otherwise, except as
required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180213005831/en/
Rubenstein Public Relations
MZ North America
Source: SG Blocks, Inc.
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