GenFlat, SEA BOX to build collapsible container prototype for US military
GenFlat Holdings and SEA BOX have entered a contract to manufacture a Twenty-Foot Equivalent Unit (TEU) collapsible container prototype for U.S. military branches. The companies also agreed to a strategic collaboration to jointly pursue U.S. military and government opportunities.
S. S. Military and Government Opportunities GenFlat Holdings, Inc. (OTCQB: GFLT) (“GenFlat”), developer of an innovative collapsible marine container system, today announced that it has entered into a contract with SEA BOX, Inc.
(“SEA BOX”) to manufacture a Twenty-Foot Equivalent Unit (“TEU”) collapsible container prototype designed to meet strong interest from several branches of the United States military. -based manufacturer and supplier of shipping and storage containers and specialized containerized systems serving military, government and commercial customers. S. defense and government logistics market and came at the strong urging of several high-ranking military officers for GenFlat to manufacture 20-foot collapsible containers in the United States.
GenFlat’s technology is designed to significantly reduce the space and transportation requirements associated with repositioning empty containers by allowing multiple collapsed units to occupy the footprint otherwise required by conventional empty containers. S. government and military customers. In conjunction with the prototype contract, GenFlat and SEA BOX have also entered into a Strategic Collaboration Agreement focused on opportunities with the United States military.
S. S. military applications. The collaboration is expected to benefit from SEA BOX’s established government contracting qualifications, registrations and relationships, including those associated with the Defense Logistics Agency (DLA), General Services Administration (GSA), and other applicable government procurement channels.
S. military with GenFlat’s innovative collapsible container technology,” said Jim Brennan, President of SEA BOX, Inc. “Military logistics demands durable, practical solutions that can perform in challenging environments. S.
S. defense market,” said Matt Albanese, Chief Commercial Officer of GenFlat. “The military moves enormous volumes of equipment and supplies around the world, and empty-container repositioning can consume valuable transportation capacity, space and resources. Our objective is straightforward: demonstrate that GenFlat can help the military move containers more efficiently, reduce the logistical burden associated with empty equipment, and make better use of critical transportation assets.
). “GenFlat addresses a remarkably simple but costly problem: we devote significant transportation and storage capacity to moving empty space. A durable collapsible container designed for military requirements has the potential to change that equation. S.
” About GenFlat Holdings, Inc. GenFlat Holdings, Inc. develops innovative collapsible container technology designed to improve the economics and efficiency of global container logistics. GenFlat containers are engineered to collapse when empty, enabling four units to be transported or stored in the space traditionally required for one conventional empty container.
The technology is designed to help customers reduce empty-container repositioning costs, improve asset utilization, reduce congestion and increase logistics efficiency. About SEA BOX, Inc. SEA BOX, Inc. -based manufacturer and supplier of shipping and storage containers and specialized containerized systems serving military, government and commercial customers.
S. government procurement programs and developing containerized solutions for demanding operational environments. Forward-Looking Statements All statements in this press release that are not historical are forward-looking statements, including, among other things, statements relating to the Company's expectations regarding its market position and market opportunity, expectations and plans as to its product development, manufacturing and sales, and relations with its partners and investors.
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