SG Blocks Executes Contract to Acquire Manufacturing Facility

June 7, 2021

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Stephen Swett (203) 682-8377 Source: SG Blocks, Inc.
Source: SG Blocks, Inc.

Ariel View of Durant Facility

Closing scheduled to occur in 60 days, owner financing is in place. This will serve as the
Company’s second manufacturing space in Oklahoma

NEW YORK--(BUSINESS WIRE)-- SG Blocks, Inc. (NASDAQ: SGBX) (“SG Blocks” or the
“Company”), a leading designer, innovator and fabricator of container-based structures, announced 
today that it has entered into contract to acquire an additional manufacturing facility in 
anticipation of rising demand for internal and external projects. The facility is located in 
Durant, OK, and will add to the Company’s manufacturing capacity.
This press release features multimedia. View the full release here:

Aerial view of Durant facility. (Photo: Business Wire)
“We are pleased with our experience in Oklahoma and in the Durant Community. Our desire to expand 
here is based upon our satisfaction with the spirit and quality of the workforce. As we continue to 
grow and earn further new business, we have been fortunate to meet that growth with

the proper facilities in Oklahoma and elsewhere,” Paul Galvin, Chairman and CEO explained.

The space is approximately 55,000 SF and sits on approximately seven acres of land in Durant 
Industrial Park. The facility is adjacent to the regional airport. This will serve as the second 
facility that SG Blocks has obtained, since recently adding the original SG Echo factory.

The new facility will allow SG Blocks to run two additional production lines in parallel to support 
SGB DevCorp as well as SG Echo in tandem.

The Company had previously announced it intended to exercise its option to acquire the existing 
19-acre site and all of its structures from ECHO DCL, LLC with closing to occur in the second 
quarter of 2021. The Company has decided not to move forward with the option

at this time and will continue to lease the original ECHO plant under the 5-year lease term. The 
Company will redeploy capital allocated for the original ECHO DCL real estate purchase into the 
newly acquired facility.

“We believe redeploying the capital allocated for the original ECHO DCL real estate purchase into 
the newly acquired facility provides better value for us and look forward to having additional 
lines coming on board to support demand. We have found a capable and enthusiastic workforce as we 
look to deliver safe and green structures across the country,” Bill Rogers, COO of SG Blocks said.

The Company expects to announce the closing of the contract in August 2021.

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 is customized to client specifications. For more information, visit

Safe Harbor Statement

Forward-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 and include statements regarding plans to acquire the 
additional manufacturing facility in Durant, OK in 60 days.
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’s ability to acquire the additional 
manufacturing facility in 60 days as planned, the Company’s ability to position itself for future 
profitability, the Company’s ability to maintain compliance with the NASDAQ listing requirements, 
and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended 
December 31, 2020 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.

View source version on

Stephen Swett (203) 682-8377 Source: SG Blocks, Inc.
Source: SG Blocks, Inc.

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