NEW YORK, Nov. 22, 2016 (GLOBE NEWSWIRE) -- SG Blocks,, a premier innovator and designer of container-based structures, today announced Hillair Capital Investments L.P. has invested an additional $750,000 in the Company.

On November 17, 2016, Hillair Capital and the Company entered into a securities purchase agreement for an additional aggregate of $937,500 in principal amount of an original issue discount senior secured convertible debenture, bringing Hillair Capital’s total holdings of senior secured convertible debentures to date to approximately $3.5 million in aggregate principal amount.

Paul Galvin, Chairman and CEO of SG Blocks, stated, "We're pleased that our financing partner Hillair Capital continues to support us through additional investments in the Company. Our goal at SG Blocks remains focused on becoming the premier innovator and designer of container-based structures at the most competitive price points, using proprietary technology. I continue to believe there exists a timely opportunity to disrupt the commercial construction market by delivering a relatively low cost, better quality product, almost 50% faster than existing conventional methods."

About SG Blocks:

SG Blocks, Inc. is a leader in advancing and promoting the use of code-engineered cargo shipping containers for safe and sustainable construction with innovative solutions. The firm offers a product that exceeds many standard building code requirements, and also supports developers, architects, builders and owners in achieving greener construction, faster execution, and stronger buildings of higher value. It has four product lines: retail, commercial, military and residential. SG Blocks also has an exclusive 10-year collaboration and supply contract with ConGlobal Industries Inc., one of the largest shipping container depot operators in the United States. For more information, visit www.sgblocks.com.