RCS - Eco Buildings Group - Sale of First Building

Eco BuildingsAnnouncement

04/07/2024 07:00

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RNS Number : 0616V  Eco Buildings Group PLC  04 July 2024

Non- Regulatory Reach Announcement

 

Sale of first building

4 July 2024

Eco Buildings Group plc

(the "Company" or the "Group")

Milestone Achieved with First Building Produced and Sold

Eco Buildings Group Plc (AIM: ECOB), the UK-listed modular housing company,
has completed and sold its first full building.  This benchmark for the
Company comes on the heels of its recent announcement of an upgrade to fully
automated production at its panel manufacturing facility in Durres, Albania
that allows the Company to produce panels at a higher rate and a lower cost
than previously forecast.  The manufacture and sale of its first modular
building showcases the Group's new facility, with fully automated production
enhancing the Company's competitive edge in this high-growth industry.

Sanjay Bowry, CEO, Eco Buildings said, "The construction and sale of our first
complete building to a customer in Albania is an important milestone for Eco
Buildings.  Our dedicated management and engineering teams in Durres have
delivered innovation, increased productivity and reduced cycle times. This
important step underscores our ability to deliver on our pipeline of
contracted projects.

Eco Buildings is now strategically positioned to leverage its manufacturing
capabilities in the marketplace. The company continues to focus on expanding
its presence in the modular construction sector, driving forward with a
commitment to innovation and efficiency."

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For more information on Eco Buildings please visit www.eco-buildingsplc.com
(http://www.eco-buildingsplc.com) or contact:

 Eco Buildings Group Plc                              Tel: +44 (0)20 7380 0999

 Sanjay Bowry, Chief Executive Officer

 Fiona Hadfield, Finance Director
 Spark Advisory Partners Limited (Nominated Adviser)  Tel: +44 (0)20 3368 3550

 Matt Davis / James Keeshan
 Tavira Financial Limited (Broker)                    Tel: +44 (0)20 3192 1739

 Oliver Stansfield/Jonathan Evans

 

 

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