NEW YORK, May 11, 2015 (GLOBE NEWSWIRE) -- SG Blocks (OTCQB:SGBX), a premier innovator and designer of container-based structures, today announced it has entered into a strategic alliance, which will allow its proprietary technology to be deployed in the UK.
"Europe as a whole is at the forefront of sustainability and we are glad to be entering a marketplace well-versed to ecological concepts," stated Paul Galvin, Chairman and CEO of SG Blocks. "We look forward to the additional deployment of our technology, bringing our efficient and modular construction methods to another major market, where forward-thinking entrepreneurs and investors will take note of the value and uniqueness of our product."
"It is extremely exciting to have such a great American brand expand its presence to the UK," stated John Sansby, a spokesperson for SG Blocks UK. "Our vision was to create a premium eco-friendly container-based construction experience in the UK, this has been made possible by the team we have assembled and our partnership with SG Blocks."
About SG Blocks: SG Blocks, Inc. (SGBX) 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. It has four product lines: retail, commercial, military and residential. SG Blocks also has an exclusive 10-year collaboration and supply contract with ConGlobal Industries Inc., the largest shipping container depot operator in the United States. For more information, visit www.sgblocks.com.
About SG Blocks UK: SG Blocks UK is a private, UK-based company operating in London and Manchester and specializing in e-tail, retail and logistics. It is part of SG Blocks Inc. (SGBX), a premier innovator in advancing and promoting the use of code-engineered cargo shipping containers for safe and sustainable construction.
Cautionary Note Regarding Forward-Looking Statements:
Information in this press release that involves the expectations, plans, intentions or strategies of SG Blocks regarding the future are forward-looking statements that are not facts and involve a number of risks and uncertainties. In this release, they are identified by references to dates after the date of this release and words such as "will," "remains," "to be," "plans," "believes," "may," "expects," "intends," and similar expressions. Factors that could cause SG Blocks' actual future results to differ materially from those expressed in the forward-looking statements set forth in this release include, but are not limited to, the timing and successful completion of the engagement. The forward-looking statements in this release are based upon information available to SG Blocks as of the date of this release, and SG Blocks assumes no obligation to update any such forward-looking statements. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and may cause actual results to differ materially from our current expectations.