NetworkNewsBreaks – Safe & Green Holdings Corp.
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Posted On: 11/24/2025 2:55:08 PM
NetworkNewsBreaks – Safe & Green Holdings Corp. (NASDAQ: SGBX) Mobilizes Service Assets Following Olenox DOT Approval
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.
NOTE TO INVESTORS: The latest news and updates relating to SGBX are available in the company’s newsroom at https://nnw.fm/SGBX
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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.
NOTE TO INVESTORS: The latest news and updates relating to SGBX are available in the company’s newsroom at https://nnw.fm/SGBX
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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