Modular Solutions Company Expands Contract With Government Contractor
Safe & Green Holdings Announces Expanded Contract with Government Contractor: A Detailed Overview.
Disclaimer: The information provided in this article is based on a corporate announcement and publicly available data as of June 2024. For the most current details, readers should refer to additional sources or contact Safe & Green Holdings Corp. directly.
Safe & Green Holdings Corp. (NASDAQ: SGBX), a developer, designer, and fabricator of modular structures, has recently announced an expanded contract with a government contractor. This new agreement, valued at over $1 million, involves the construction of an additional 11 technology modules to be used by a major U.S. government agency. This expansion reveals the company's growing influence in the modular construction industry and its commitment to supporting the U.S. military.
Details of the Expanded Contract
Safe & Green Holdings Corp., commonly known as SG Holdings, revealed that it has secured an expanded contract with a prominent government contractor. This contract is valued in excess of $1 million and requires the company to construct 11 additional container modules. These modules are destined for use by a significant U.S. government agency, which, while undisclosed, is understood to be related to military operations.
Paul Galvin, Chairperson and CEO of Safe & Green Holdings, expressed his excitement about this development. He stated, "We are thrilled to announce a further expansion of our agreement with a leading government contractor, illustrating the quality of our work, ability to meet the customer’s exacting standards, and our commitment to supporting the U.S. military. This brings the total container modules ordered and delivered for this undisclosed military-related agency to 26 units, and we look forward to further expanding our relationship with this premier contractor."
David Cross, Vice President of Business Development at Safe & Green Holdings, added, "This latest order reinforces the versatility, adaptability, and quality of our container modules. Specifically, we utilize advanced 3D designs, pre-approved by the client, and then construct the units around either wood or steel-framed systems, depending on the cost and end-user requirements. The units will be constructed at the Company’s facility in Durant, Oklahoma, and subsequently transported to a governmental site in Virginia. We are delighted to once again serve our country's military forces and take pride in the fact that all of these units are made in the United States."
Modular construction has gained significant traction in recent years due to its numerous advantages over traditional building methods. These include faster construction times, reduced waste, enhanced sustainability, and cost-effectiveness. For government projects, particularly military applications, these attributes are crucial as they often require rapid deployment and strict adherence to budgetary constraints. Safe & Green Holdings has positioned itself as a pioneer in the modular construction sector. The company's core capabilities encompass the development, design, and fabrication of modular structures that cater to diverse needs. By leveraging advanced technologies and innovative construction methodologies, SG Holdings supports third-party and in-house developers, architects, builders, and property owners in achieving their project goals more efficiently and sustainably.
Project Specifics
The newly ordered modules will be constructed at Safe & Green Holdings' facility in Durant, Oklahoma. This facility is equipped with state-of-the-art technology and skilled professionals capable of delivering high-quality modular units. Once completed, the modules will be transported to a governmental site in Virginia, where they will be put to use by the U.S. military.
David Cross highlighted the versatility of the container modules, which can be customized to meet specific client needs. The company employs advanced 3D designs that are pre-approved by the client before construction begins. Depending on the requirements and budget, the units can be built using either wood or steel-framed systems. This adaptability ensures that the end product not only meets but exceeds the client's expectations. The expanded contract with the government contractor exemplifies Safe & Green Holdings' dedication to supporting the U.S. military. By providing high-quality modular units, the company plays a vital role in enhancing the operational capabilities of military forces. The use of these units can range from housing and office spaces to specialized facilities tailored for specific military needs.
Made in the USA: One of the key aspects emphasized by David Cross is that all the units are manufactured in the USA. This commitment to domestic production not only supports local economies but also ensures that the highest standards of quality and safety are maintained. It also aligns with government preferences for utilizing American-made products in federal projects.
About Safe & Green Holdings Corp.
Safe & Green Holdings Corp. is a modular solutions company known for its innovative approach to construction. The company's operations include the development, design, and fabrication of modular structures that serve various industries' demand for safe and environmentally friendly solutions. SG Holdings' offerings enable faster project execution, greener construction practices, and buildings of higher value.
Subsidiaries and Operations: The company's subsidiary, Safe and Green Development Corporation, focuses on real estate development using purpose-built, prefabricated modules. Established in 2021, this subsidiary sources materials from SG Holdings' factories, which are operated by the SG Echo subsidiary. The integration of these subsidiaries allows Safe & Green Holdings to maintain control over the entire production process, ensuring consistency and quality in all their projects. Safe & Green Holdings' core capabilities include:
Development: Creating tailored modular solutions that meet specific client needs.
Design: Utilizing advanced design technologies to produce innovative and functional structures.
Fabrication: Building high-quality modular units using both wood and steel-framed systems.
These capabilities allow the company to serve a wide range of clients, including third-party developers, architects, builders, and property owners. The company's modular solutions are used in various applications, from residential and commercial buildings to specialized facilities for government and military use.
The expanded contract with a government contractor marks a significant milestone for Safe & Green Holdings Corp. This development not only highlights the company's expertise in modular construction but also underscores its commitment to supporting the U.S. military. With advanced design capabilities and a focus on quality, SG Holdings continues to lead the way in the modular construction industry.
Disclaimer: The information provided in this article is based on a corporate announcement and publicly available data as of June 2024. For the most current details, readers should refer to additional sources or contact Safe & Green Holdings Corp. directly.
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