Star Equity Holdings Inc (STRR)

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KBS Builders Wins $9 Million Contract to Manufacture Four Dormitories for a College in New England
8:00 am ET April 4, 2022 (Globe Newswire) Print
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) ("Star Equity" or the "Company"), a diversified holding company, announced today that its KBS Builders, Inc. ("KBS") business has signed an approximately $9 million contract to manufacture 72 modules for the construction of 4 new dormitories for a college in New England. This project is the largest contract in KBS's history and launches KBS's expansion into the student housing segment. Production is expected to commence in the second quarter of 2022.

"We are extremely excited to announce this landmark project for KBS," said Jeff Eberwein, Star Equity's Executive Chairman. "We believe student housing is a natural fit for our modular manufacturing capability in New England and is an example of increasing acceptance of modular manufacturing. KBS's sales pipeline remains robust and entering new markets such as student housing will help us achieve our growth goals."

About Star Equity Holdings, Inc.

Star Equity Holdings, Inc. is a diversified holding company with three divisions: Healthcare, Construction, and Investments.