Safe & Green Holdings Announces It Has Entered Into An Agreement To Produce 4 Modular Electrical Distribution Centers As Part Of A Multi-Unit Order For A Client Serving The Big Box Retailer Market; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Safe & Green Holdings Corp. (NASDAQ:SGBX) has announced an agreement to produce four modular electrical distribution centers for a client in the big box retailer market, as part of a potential 20-unit order for 2024. These units are designed for flexible and efficient electricity distribution, showcasing the company's expertise in modular construction.
April 25, 2024 | 1:02 pm
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Safe & Green Holdings Corp. (SGBX) enters into a production agreement for modular electrical distribution centers, indicating potential revenue growth from a multi-unit order.
The announcement of a new production agreement for Safe & Green Holdings Corp. (SGBX) to manufacture modular electrical distribution centers for a client in the big box retailer market is a positive development. This agreement, potentially leading to a 20-unit order in 2024, suggests an increase in production volume and potential revenue growth. Given the company's history of manufacturing these units and the stated anticipation of further orders, this news is likely to be viewed positively by investors, suggesting a positive short-term impact on SGBX's stock price.
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