SG Blocks Executes Contract to Acquire 19 Acre Echo Site, an Additional 350,000 SF Over Multiple Structures


The site will yield an excess of 350,000 square feet of new manufacturing space.

SG Echo Factory site in Durant, Oklahoma

SG Blocks, Inc. (NASDAQ: SGBX), a leading designer, innovator and fabricator of container-based structures, announced today the continuance of the Company’s growth in Durant, Oklahoma at the SG Echo Factory site through the execution of the Company’s option to acquire the 19-acre site and all of its structures.

The Company intends to close on the Echo site approximately 60 days from today. One of the additional facilities will be a dedicated facility for newly launched SG Home. The SG Home facility will be 60,000 square feet and will construct and deliver single family residences to third parties as well as SG Blocks’ affiliated projects. Some of these projects will be announced forthcoming.

“We are planning to create a world-class eco-friendly manufacturing campus that is sustainable, energy efficient, and forward-looking,” Paul Galvin, Chairman & CEO of SG Blocks noted. “We are already looking for solar and EV partners to help us ensure that our vision comes to life with the best and brightest involved. That is how true innovation happens.”

The acquisition will be structured with a combination of debt and equity and will further support the Company’s balance sheet.

About SG Blocks, Inc.

Founded in 2007, SG Blocks, Inc. is a premier innovator in advancing and promoting the use of code-engineered cargo shipping containers to design and provide safe, durable and environmentally friendly structures. 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. It has an exclusive ESR number, which was granted by the International Code Council and ensures its ability to meet and exceed all international building codes. Clients have included various retail clients, several branches of the U.S. military, and most recently, advances into the travel and healthcare space with hospitals and airports. For more information, visit

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