Safe & Green Holdings Corp. Mobilizes Oil and Gas Service Assets Following Olenox DOT Approval

Safe & Green Holdings Corp. (NASDAQ: SGBX) announced that its wholly owned subsidiary Olenox Corp. has received its Department of Transportation number and is now mobilizing its oil and gas service assets. The company's service equipment includes specialized downhole tooling such as ultrasonic cleaning tools and plasma pulse tools designed for oil well maintenance and rehabilitation.

The DOT approval represents a significant operational milestone for Safe & Green Holdings, allowing Olenox to legally transport its equipment across state lines and begin servicing oil wells throughout the United States. This regulatory clearance enables the company to deploy its proprietary technology solutions to address common challenges in the oil and gas industry, particularly around well maintenance and efficiency improvements.

According to company statements, the mobilization of these service assets serves multiple strategic purposes. Internally, the technology implementation is expected to reduce maintenance costs for the company's own operations while supporting efforts to bring offline wells back into production more quickly. The equipment deployment also positions Olenox to pursue third-party service contracts within the substantial and recurring U.S. oil-well services market, creating new revenue streams beyond the company's core modular construction business.

The timing of this expansion into oil field services comes as the industry faces increasing pressure to improve operational efficiency and reduce environmental impact. Safe & Green's ultrasonic cleaning tool and plasma pulse technology offer potential solutions for maintaining well productivity while minimizing traditional chemical treatments and mechanical interventions that can be more resource-intensive.

Company leadership has identified growth in these service revenues as a critical component of their strategic plan to achieve cash-flow positivity by 2026. The move represents a diversification of Safe & Green's business model beyond its established modular solutions operations, potentially creating a more resilient revenue base across multiple energy and construction sectors.

For investors and industry observers, the latest news and updates relating to SGBX are available in the company's newsroom at https://ibn.fm/SGBX. The full press release containing additional details about the Olenox mobilization and service capabilities can be viewed at https://ibn.fm/Dytt3.

The expansion into oil field services through Olenox represents a strategic pivot that leverages Safe & Green's existing expertise in industrial solutions while addressing immediate market needs in the energy sector. As the company begins deploying its specialized tooling, industry participants will be watching closely to see how these technologies perform in field applications and whether they can deliver on the promised cost reductions and efficiency improvements that could benefit both operators and the broader energy ecosystem.