- SG Blocks Inc (NASDAQ:SGBX) entered a ten-year exclusive distribution agreement with Sanitec Industries LLC, a sustainable waste management company. Financial terms not disclosed.
- Sanitec Industries is the global patent holder for the Sanitec Microwave Healthcare Waste Disinfection System for the State of New York, with the right to expand to other states.
- The exclusive distribution agreement allows SGBX to purchase, deploy, market, and maintain Sanitec’s Microwave Disinfection Units in the State of New York, with the right to expand to other states on a ten-year exclusive basis.
- SG Blocks is forming a new entity, SG Environmental Solutions Corp., to meet the market need for sustainable, eco-friendly waste management and recycling infrastructure products.
- Price Action: SGBX shares are trading lower by 1.31% at $1.88 on Monday’s last check.
JMP Securities Maintains Market Outperform on UWM Hldgs, Lowers Price Target to $5
JMP Securities analyst Steven Delaney maintains UWM Hldgs (NYSE:UWMC) with a Market Outperform and lowers the price target from $6 to $5.
