{"id":410378,"date":"2021-01-07T08:33:45","date_gmt":"2021-01-07T13:33:45","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=410378"},"modified":"2021-01-07T08:33:45","modified_gmt":"2021-01-07T13:33:45","slug":"sg-blocks-sells-100000-covid-19-tests-revenue-from-sale-in-excess-of-1-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sg-blocks-sells-100000-covid-19-tests-revenue-from-sale-in-excess-of-1-million\/","title":{"rendered":"SG Blocks Sells 100,000 COVID-19 Tests, Revenue from Sale in Excess of $1 Million"},"content":{"rendered":"

<\/p>\n

SG Blocks Sells 100,000 COVID-19 Tests, Revenue from Sale in Excess of $1 Million<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nSG Blocks, Inc. (NASDAQ: SGBX) (\u201cSG Blocks\u201d or the \u201cCompany\u201d), a leading designer, innovator and fabricator of container-based structures, announced today that the Company has sold 100,000 COVID-19 tests, via Osang GeneFinder\u2122, to a privately held business partner in the United States.\n<\/p>\n

\nApproximate revenue of $1.25 million will be recognized in the fourth quarter of 2020 from this transaction.\n<\/p>\n

\n\u201cWe are happy to end the year on a strong note and completing a sizable COVID-19 test sale to a private client,\u201d Paul Galvin, Chairman and CEO of SG Blocks noted. \u201cWe are pleased to see our COVID-19 solutions helping to keep people healthy and safe.\u201d\n<\/p>\n

About SG Blocks, Inc.<\/span><\/p>\n

\nSG 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\u2122, the structural core and shell of an SG Blocks building, and then customized to client specifications. For more information, visit www.sgblocks.com<\/a>.\n<\/p>\n

Safe Harbor Statement<\/span><\/p>\n

\nForward-Looking Statements 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. These forward-looking statements are based upon current estimates and assumptions . 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 subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company\u2019s ability to deploy its COVID-19 solutions as planned, the Company\u2019s ability to position itself for future profitability, the Company\u2019s ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2019 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210107005265\/en\/<\/a><\/span><\/p>\n

Media:
\n<\/b>
Rubenstein Public Relations
\n
Christina Levin
\n
Account Director
\n
212-805-3029
\n
clevin@rubensteinpr.com<\/a><\/p>\n

Investors:
\n<\/b>
Stephen Swett
\n
(203) 682-8377
\n
investors@sgblocks.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Transport Medical Supplies Infectious Diseases Packaging Hospitals Transport Manufacturing Health Logistics\/Supply Chain Management<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

SG Blocks Sells 100,000 COVID-19 Tests, Revenue from Sale in Excess of $1 Million NEW YORK–(BUSINESS WIRE)– SG Blocks, Inc. (NASDAQ: SGBX) (\u201cSG Blocks\u201d or the \u201cCompany\u201d), a leading designer, innovator and fabricator of container-based structures, announced today that the Company has sold 100,000 COVID-19 tests, via Osang GeneFinder\u2122, to a privately held business partner in the United States. Approximate revenue of $1.25 million will be recognized in the fourth quarter of 2020 from this transaction. \u201cWe are happy to end the year on a strong note and completing a sizable COVID-19 test sale to a private client,\u201d Paul Galvin, Chairman and CEO of SG Blocks noted. \u201cWe are pleased to see our COVID-19 solutions helping to keep people healthy … <\/p>\n

Continue reading “SG Blocks Sells 100,000 COVID-19 Tests, Revenue from Sale in Excess of $1 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-410378","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSG Blocks Sells 100,000 COVID-19 Tests, Revenue from Sale in Excess of $1 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sg-blocks-sells-100000-covid-19-tests-revenue-from-sale-in-excess-of-1-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SG Blocks Sells 100,000 COVID-19 Tests, Revenue from Sale in Excess of $1 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SG Blocks Sells 100,000 COVID-19 Tests, Revenue from Sale in Excess of $1 Million NEW YORK–(BUSINESS WIRE)– SG Blocks, Inc. (NASDAQ: SGBX) (\u201cSG Blocks\u201d or the \u201cCompany\u201d), a leading designer, innovator and fabricator of container-based structures, announced today that the Company has sold 100,000 COVID-19 tests, via Osang GeneFinder\u2122, to a privately held business partner in the United States. Approximate revenue of $1.25 million will be recognized in the fourth quarter of 2020 from this transaction. \u201cWe are happy to end the year on a strong note and completing a sizable COVID-19 test sale to a private client,\u201d Paul Galvin, Chairman and CEO of SG Blocks noted. \u201cWe are pleased to see our COVID-19 solutions helping to keep people healthy … Continue reading "SG Blocks Sells 100,000 COVID-19 Tests, Revenue from Sale in Excess of $1 Million"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sg-blocks-sells-100000-covid-19-tests-revenue-from-sale-in-excess-of-1-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-07T13:33:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210107005265r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sg-blocks-sells-100000-covid-19-tests-revenue-from-sale-in-excess-of-1-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sg-blocks-sells-100000-covid-19-tests-revenue-from-sale-in-excess-of-1-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SG Blocks Sells 100,000 COVID-19 Tests, Revenue from Sale in Excess of $1 Million\",\"datePublished\":\"2021-01-07T13:33:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sg-blocks-sells-100000-covid-19-tests-revenue-from-sale-in-excess-of-1-million\\\/\"},\"wordCount\":540,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sg-blocks-sells-100000-covid-19-tests-revenue-from-sale-in-excess-of-1-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210107005265r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sg-blocks-sells-100000-covid-19-tests-revenue-from-sale-in-excess-of-1-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sg-blocks-sells-100000-covid-19-tests-revenue-from-sale-in-excess-of-1-million\\\/\",\"name\":\"SG Blocks Sells 100,000 COVID-19 Tests, Revenue from Sale in Excess of $1 Million - 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