Safe and Green Holdings Enters into Agreement with Three Pines Leasing to Supply Modular Office and Storage Units to Government Agency
MIAMI, FL, May 27, 2025 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures diversified platform transforming critical infrastructure through sustainable modular innovation, announces entering into a contract with Three Pines Leasing of Ocilla, GA. to supply multiple modular units expected to be leased by a U.S. government agency. An established U.S. government contractor, Three Pines Leasing has an established relationship with the Company and expects to enter into additional contracts throughout the balance of 2025.
Mike McLaren, Safe and Green Holdings Chairman and CEO commented, 'We continue to leverage our expertise in the area of converting modular units like shipping containers into more usable space like offices and storage units. We continue to value our relationship with Three Pines Leasing and look forward to further opportunities to provide their partners with these spaces.'
The Company will utilize its expertise in repurposing and modifying shipping containers to construct portable storage and office units. The current contract is similar to previous projects performed by the Company for this government agency in connection with its relationship to Three Pines Leasing.
About Safe & Green Holdings Corp.
Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. For more information, visit https://www.safeandgreenholdings.com/ and follow us at @SGHcorp on Twitter.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding the additional contract with Three Pines Leasing for multiple modular units to be leased by a U.S. government agency. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to successfully fulfill the contract with Three Pines Leasing, the effect of government regulation, the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
an hour ago
- Globe and Mail
Earnings Estimates Stabilize: A Closer Look
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: Total S&P 500 earnings for the June quarter are expected to be up +5.2% from the same period last year on +3.8% higher revenues, with a broader and greater pressure on estimates relative to other recent periods since the June-quarter got underway. Q2 earnings estimates for 14 of the 16 Zacks sectors have come down since the quarter got underway, with Aerospace and Utilities as the only sectors whose estimates have moved higher. Q2 earnings estimates for the Tech and Finance sectors, the two largest contributors to aggregate S&P 500 earnings, accounting for 51% of all index earnings, have also been cut since the quarter got underway. The quarter started with significant pressure on Tech sector estimates, but the negative revisions trend notably stabilized in the subsequent weeks. Q2 earnings for the 'Magnificent 7' group of companies are expected to be up +11.8% from the same period last year on +11.2% higher revenues. Excluding the 'Mag 7' contribution, Q2 earnings for the rest of the index would be up +3.4% (vs. +5.2%). The Q2 earnings season will really get going once JPMorgan and Wells Fargo kick-off the June-quarter reporting cycle for the Finance sector. But officially, the Q2 earnings season will have gotten underway much before that, as we and others count results from companies with fiscal quarters ending in May as part of the Q2 earnings season. Using that definition of Q2, we have already seen such results from Costco ( COST ), AutoZone ( AZO ), and Oracle ( ORCL ), and will have seen almost two dozen such results by the time the big banks report their results. Making Sense of Earnings Expectations for 2024 Q2 and Beyond The start of Q2 coincided with heightened tariff uncertainty following the punitive April 2 nd tariff announcements. While the onset of the announced levies was eventually delayed for three months, the issue has understandably weighed heavily on estimates for the current and coming quarters, particularly in the first few weeks after the April 2 nd announcement. The expectation at present is for Q2 earnings for the S&P 500 index to increase by +5.2% from the same period last year on +3.8% higher revenues. The chart below shows how Q2 earnings growth expectations have evolved since the start of the year. While it is not unusual for estimates to be adjusted lower, the magnitude and breadth of Q2 estimate cuts are greater than we have seen in the comparable periods of other recent quarters. Since the start of the quarter, estimates have come down for 14 of the 16 Zacks sectors, with the biggest declines for the Transportation, Autos, Energy, Construction, and Basic Materials sectors. The only sectors experiencing favorable revisions in this period are Aerospace and Utilities. Estimates for the two largest earnings contributors to the index – Tech & Finance – have also declined since the quarter began. Tech sector earnings are expected to be up +12% in Q2 on +10.5% higher revenues. While these earnings growth expectations are materially below where they stood at the start of April, the revisions trend appears to have notably stabilized lately, as we have been flagging in recent weeks. You can see this in the sector's revisions trend in the chart below. This stabilizing turn in the Tech sector's revisions trend can be seen in expectations for full-year 2025 as well, as the chart below shows. The two charts above show that estimates for the Tech sector have stabilized and are no longer under the type of downward pressure experienced earlier in the quarter. The Tech sector is much more than just any another sector, as it alone accounts for almost a third of all S&P 500 earnings. The Earnings Big Picture The chart below shows expectations for 2025 Q2 in terms of what was achieved in the preceding four periods and what is currently expected for the next three quarters. The chart below shows the overall earnings picture for the S&P 500 index on an annual basis. While estimates for this year have been under pressure lately, there haven't been a lot of changes to estimates for the next two years at this stage. Stocks have recouped their tariff-centric losses, although the issue has only been deferred for now. While some of the more dire economic projections have eased lately, there is still plenty of macro uncertainty that will likely continue to weigh on earnings estimates in the days ahead, particularly as we gain visibility on the tariffs question. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Oracle Corporation (ORCL): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report
Globe and Mail
an hour ago
- Globe and Mail
3 Warning Signs That It's Time to Sell Cardano
Few investments age gracefully when the world around them speeds up. The same pressure applies in crypto. Builders, investors, and users do not wait politely for laggards to catch up; they migrate to speed, liquidity, and, most of all, excitement. That reality now confronts Cardano (CRYPTO: ADA), which was once celebrated for its emphasis on peer-reviewed research to advance its underlying technology, as well as for its deliberate pace of technical progress. Three red flags, in particular, suggest that the project risks permanent middle-of-the-pack status unless something changes quickly. Let's check out each of these warning signs in detail. 1. Rivals are racing ahead in every dimension In the crypto world, developers are the lifeblood of a blockchain. They build decentralized apps (dApps), protocols, and tools that generate utility, liquidity, and real-world adoption. A thriving developer ecosystem attracts users, capital, and other partners, creating a virtuous cycle that drives a chain's value and growth. Without them, even the most technically sound chain can remain a ghost town. In terms of developer activity in Cardano's ecosystem, it doesn't hold up very well against its chief competitors, Ethereum and Solana. Per Cryptometheus, a cryptocurrency data provider, Solana had 499 active developers, and Cardano had just 175 developers pushing updates for the week, down 33% from three months ago. Furthermore, developers flow toward concentrations of capital, and that capital is pooling elsewhere. Fidelity, a major asset manager, filed in March to list a Solana exchange-traded fund (ETF). Bloomberg now pegs the approval odds of that ETF at 90% for 2025, which would be an institutional seal of approval that no Cardano product enjoys. Meanwhile, Solana's total value locked (TVL) on its chain was nearly $12 billion in January and currently rests at around $8.6 billion. Cardano's TVL is just $331.6 million, down from $680.8 million in early December 2024. That means there's less real money parked on its chain. And when builders, money, and regulators all prefer the other options, it's a big problem. 2. New upgrades aren't getting used Blockchains tend to have technical constraints. Sometimes, those constraints are troublesome enough for users that the main engineers of the chain create big new modules or other solutions in an attempt to prevent the flight of disaffected investors, users, or ecosystem developers. The success or failure of those solutions is, thus, often a major factor in determining whether to invest in the chain's native token. And in Cardano's case, the record with successfully developing workarounds to the chain's issues isn't great, at least not in recent times. Cardano's Layer-2 (L2) system, Hydra, dazzled testers with a 1 million transactions-per-second (TPS) demo last December, implicitly promising to solve the issue of lethargic transaction times during periods of peak load. L2s like Hydra are designed to handle transactions off the main blockchain, reducing congestion and perhaps also fees while maintaining security and interoperability. But they only matter if users adopt them and volume grows. Otherwise, they're tech demos, not adoption drivers. Five months after launch, no major exchange, payment processor, or other project has committed to using Hydra beyond a pilot. Another solution, called Midnight, is a side chain, which means it's a parallel network intended for specialized features such as privacy, among others. Side chains can extend a blockchain's functionality by providing specialized services that don't burden the main chain. Midnight aims to attract institutional users who want confidential holding of assets on the chain, but so far, no major financial players have signed on, and no real user base exists. These technical marvels might eventually matter. But until developers, institutions, or users adopt them, they remain tantalizing but empty promises. And that's a big warning sign that Cardano is failing to match its development of capabilities to the features that are actually in demand. 3. Cardano's mindshare is eroding, not expanding Crypto is a popularity contest masquerading as a set of technologies. On June 4, Cardano counted around 23,273 daily active addresses, whereas Solana cleared nearly 5 million in the same day. That gap widens whenever meme coin mania or non-fungible token (NFT) drops spark traffic spikes. Those are segments where Cardano barely registers, as its ecosystem is very sparse in both areas. Social chatter mirrors the numbers. Per data from Santiment, a crypto data aggregator, Cardano ranks far below Ethereum and Solana in terms of social media post volume, hinting that investor excitement has simply remained elsewhere. If users, developers, and institutions are not talking about Cardano now, why would they flock to it later? In other words, Cardano's investment thesis -- that academic rigor in the tech development process will eventually lead to late-bloomer dominance -- faces mounting counter-evidence. Unless Hydra suddenly wins real traffic or Midnight lands marquee clients, the token's upside may remain capped while the opportunity cost mounts. And there's just not much evidence to suggest that's happening, nor is there any reason to believe it will soon. Should you invest $1,000 in Cardano right now? Before you buy stock in Cardano, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Cardano wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor 's total average return is792% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025
Globe and Mail
an hour ago
- Globe and Mail
Google offers buyouts to more workers amid AI-driven tech upheaval and antitrust uncertainty
MOUNTAIN VIEW, Calif. (AP) — Google has offered buyouts to another swath of its workforce across several key divisions in a fresh round of cost cutting coming ahead of a court decision that could order a breakup of its internet empire. The Mountain View, California, company confirmed the streamlining that was reported by several news outlets. It's not clear how many employees are affected, but the offers were made to staff in Google's search, advertising, research and engineering units, according to The Wall Street Journal. Google employs most of the nearly 186,000 workers on the worldwide payroll of its parent company, Alphabet Inc. 'Earlier this year, some of our teams introduced a voluntary exit program with severance for U.S.-based Googlers, and several more are now offering the program to support our important work ahead," a Google spokesperson, Courtenay Mencini, said in a statement. 'A number of teams are also asking remote employees who live near an office to return to a hybrid work schedule in order to bring folks more together in-person,' Mencini said. Google is offering the buyouts while awaiting for a federal judge to determine its fate after its ubiquitous search engine was declared an illegal monopoly as part of nearly 5-year-old case by the U.S. Justice Department. The company is also awaiting remedy action in another antitrust case involving its digital ad network. U.S. District Judge Amit Mehta is weighing a government proposal seeking to ban Google paying more than $26 billon annually to Apple and other technology companies to lock in its search engine as the go-to place for online information, require it to share data with rivals and force a sale of its popular Chrome browser. The judge is expected to rule before Labor Day, clearing the way for Google to pursue its plan to appeal last year's decision that labeled its search engine as a monopoly. The proposed dismantling coincides with ongoing efforts by the Justice Department to force Google to part with some of the technology powering the company's digital ad network after a federal judge ruled that its digital ad network has been improperly abusing its market power to stifle competition to the detriment of online publishers. Like several of its peers in Big Tech, Google has been periodically reducing its headcount since 2023 as the industry began to backtrack from the hiring spree that was triggered during pandemic lockdowns that spurred feverish demand for digital services. Google began its post-pandemic retrenchment by laying off 12,000 workers in early 2023 and since then as been trimming some divisions to help bolster its profits while ramping up its spending on artificial intelligence — a technology driving an upheaval that is starting to transform its search engine into a more conversational answer engine.
