- SG Blocks ( NASDAQ: SGBX ) said Monday its unit SG ECHO expanded on its relationship with a private client in the logistics and infrastructure sector in one of the largest contracts to date for the subsidiary.
- The firm in Apr. announced a purchase order for over 100 units with the client, which would generate ~$6M in revenue .
- In the recent expansion, the client delivered an additional purchase order for 90 trailers.
- More orders are expected to follow in 2023.
- Expected price for the units from the orders received and expected orders from the client currently stands at ~$11.5M.
- Shares of SG Blocks ( SGBX ) +3.1% before the bell.
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SG Blocks unit announces ~$11.5M expansion with largest client