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0.0911074740861976 0.118385160938353 0.118385160938353 0.118385160938353 0.0911074740861976 0.363611565739225 0.322967812329514 0.297872340425532
Stock impact report

SG Blocks Signs First Licensing Agreement Converting its Residential Construction Vertical to a Royalty Model Reducing Execution Risk and Corporate Overhead Costs

Safe & Green Holdings Corp. (SGBX) 
NASDAQ:AMEX Investor Relations: ir.sgblocks.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--SG Blocks, Inc. (NASDAQ: SGBX) (“SG Blocks” or the “Company”) — a leading designer, innovator and fabricator of container-based structures — today announced that it has entered into its first Licensing transaction, with a Licensee that has injected over $100 million into underserved communities.The Company intends to enter into additional similar licensing transactions for its other construction opportunity verticals – such as education and hospitality - reducing the project execution risk and corporate overhead costs associated with executing construction projects, and allowing the Company to focus on sales and marketing and on qualified lead generation for its licensees.The first Licensing transaction provides for the Licensee to pay SG Blocks up to 5% of the total gross revenues generated from the construction, development and manufacture of residential housing using the SG Blocks method or SG Blocks referrals of any kind. It is limited geographically Show less Read more
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