Safe & green holdings ceo provides letter to shareholders

Safe & green holdings' modular manufacturing facility miami, jan. 03, 2024 (globe newswire) -- safe & green holdings corp. (nasdaq: sgbx) (“safe & green holdings” or the “company”), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today provided the following letter to stockholders from paul galvin, the company's chairperson and ceo: dear stockholders, we are pleased to share with you the significant milestones and exciting developments that safe & green holdings accomplished in 2023 as well as take a look at what we believe is a very promising future for the company in 2024. 2023 highlights: completed the spin-off of the company's real estate development subsidiary, safe and green development corporation (nasdaq: sgd) collaboration with earth our common home (echo) to launch the echo impact investment fund for africa entered into a master purchase agreement with safe and green development corporation for manufacturing projects initially valued in excess of $140 million achieved record growth in manufacturing sales pipeline sgd entered into a contribution agreement to form a joint venture to develop the lago vista property sg echo awarded a multi-million-dollar contract to supply additional modular units to a long-standing private infrastructure solutions client selected by the tunnel to towers foundation to construct a traveling modular home, the comfort home show model, designed to showcase the foundation's homeless veteran program partnered with impact housing to construct 3 modular comfort homes for the foundation in houston, texas announced launch of cornerstone charitable foundation and plans to construct a schoolhouse in cape coast, ghana, as part of the ghana's tomorrow project obtained a certificate of occupancy for the sg echo at waldron facility planned mclean manufacturing facility now in the design phase identified reduction of over $2.5 million in annualized expenses expected to be realized in 2024 as you can see from the list of highlights above, 2023 was a busy and exciting year for safe & green holdings, including the spin-off of safe and green development corporation.
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