Safe & Green Holdings (NASDAQ: SGBX) said its wholly owned unit Olenox Corp. received its DOT number and is mobilizing its oil and gas service assets, including downhole tooling such as its ultrasonic cleaning tool and plasma pulse tool. The Company said the move reduces internal maintenance costs, supports getting wells back online, and positions Olenox to pursue third-party work in the large and recurring U.S. oil-well services market. Safe & Green expects growth in these service revenues to be a key driver in its plan to achieve cash-flow positivity in 2026.
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About Safe & Green Holdings Corp.
Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value.
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