SGTM - The Sustainable Green Team Secures Groundbreaking $20M Middle East Deal | Benzinga
ORLANDO, Fla., Oct. 06, 2023 (GLOBE NEWSWIRE) -- The Sustainable Green Team (OTCQX:SGTM) () ("Company"), a leader in environmentally conscious solutions in the arbor care, disposal, and recycling industry, proudly announces the successful sale of $12 million worth of state-of-the-art equipment as part of a groundbreaking Middle East deal. In addition to the equipment sale, the transaction also includes an allocation of $8 million for transportation and reinstallation, bringing the total deal value to an impressive $20 million.
Earlier this month, The Sustainable Green Team invoiced approximately $7.5 million from its innovative new product lines, HumiSoil® and Core Catalyst, to the Middle East. These achievements demonstrate the growing demand for environmentally friendly and sustainable products in the region.
Tony Raynor, CEO of The Sustainable Green Team, said, "We are delighted to be entering into this partnership, which represents a significant milestone for Sustainable Green Team as we continue our strategic transformation. Our commitment to sustainability drives us to convert underutilized assets into groundbreaking solutions. With our expertise in recycling, we will provide essential knowledge, cutting-edge equipment, and sustainable fiber solutions to the Middle ...