- The company is relocating and consolidating operations to a new facility in Conroe, Texas, focusing on its wholly owned subsidiary Olenox Corp.’s energy services operations.
- Olenox will deploy an AI-driven monitoring system designed to improve wellsite efficiency and reduce operating costs, through use of a proprietary algorithm to analyze production data and optimize pumpjack performance in real time.
- In addition, the company leadership and board have opted to receive equity compensation, underscoring alignment with shareholders.
Safe & Green Holdings (NASDAQ: SGBX), a diversified holding company, has announced a series of operational and technological updates that reflect its focus on energy efficiency and innovation. The company is relocating and consolidating its operations in Conroe, Texas, while its wholly owned energy subsidiary, Olenox Corp., implements an AI-powered system to optimize wellsite operations.
According to a company announcement filed with the SEC, Safe & Green Holdings has entered into a Purchase Agreement for a property in Conroe, Texas, where it will relocate its SG Echo factory operations from Durant, Oklahoma. The new facility will also serve as the operational hub for…
NOTE TO INVESTORS: The latest news and updates relating to SGBX are available in the company’s newsroom at https://ibn.fm/SGBX
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