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. This regulatory milestone enables the company to deploy specialized downhole tooling including ultrasonic cleaning equipment and plasma pulse technology across its operations. The DOT approval represents a significant operational advancement that allows Olenox to legally transport its equipment to well sites and service locations throughout the United States.

The company emphasized that this development will substantially reduce internal maintenance costs while supporting efforts to bring existing wells back into production. More importantly, the regulatory clearance positions Olenox to actively pursue third-party service contracts within the substantial and recurring U.S. oil-well services market. This market represents a multi-billion dollar annual opportunity with consistent demand for maintenance, cleaning, and optimization services across the nation's extensive network of oil and gas wells. The company's specialized tooling addresses critical maintenance needs that can extend well life and improve production efficiency.

Safe & Green Holdings expects growth in these service revenues to become a key driver in its strategic plan to achieve cash-flow positivity by 2026. The mobilization of service assets represents a tangible step toward monetizing the company's technical capabilities beyond internal use. Investors can access additional information about the company's developments through its dedicated newsroom at https://ibn.fm/SGBX. The broader corporate communications platform behind this announcement, MissionIR, provides specialized investor relations services as part of the Dynamic Brand Portfolio that includes access to wire solutions and content syndication networks.

The timing of this mobilization coincides with increased focus on well maintenance and optimization within the energy sector as companies seek to maximize existing assets rather than invest in new drilling. Olenox's ultrasonic cleaning tool and plasma pulse technology offer non-invasive methods for addressing common wellbore issues that can restrict production flow. These technologies can help operators maintain production levels while reducing environmental impact compared to traditional chemical or mechanical interventions. The company's entry into third-party services represents a natural extension of capabilities developed for internal use, potentially creating new revenue streams while demonstrating the practical application of its technical expertise.