FAQ: Safe & Green Holdings Corp. Subsidiary Olenox Completes Phase 1 of AI Wellsite Monitoring System

What is the main announcement in this content?

Safe & Green Holdings Corp.’s subsidiary Olenox has completed Phase 1 of its intelligent wellsite monitoring system powered by AI technology and the company’s Machfu gateway.

What benefits does this AI monitoring system provide?

The system reduces lifting costs, site visits, and energy use while optimizing production and extending equipment life through real-time, bi-directional monitoring and control.

How does the AI system work to improve efficiency?

Using a proprietary algorithm, the system automatically adjusts pumpjack operations based on water-cut levels to improve operational efficiency and extend equipment lifespan.

What is Phase 2 of this project?

Phase 2 involves full deployment at an Olenox production pad, with shareholders able to monitor real-time results through a read-only webpage.

What is Safe & Green Holdings Corp.’s main business?

Safe & Green Holdings Corp. is a leading modular solutions company that develops, designs, and fabricates modular structures for various industries, focusing on faster execution, greener construction, and higher-value buildings.

Where can investors find more information about SGBX?

The latest news and updates relating to SGBX are available in the company’s newsroom at https://nnw.fm/SGBX.

What is NetworkNewsWire and what services do they provide?

NetworkNewsWire is a specialized communications platform that provides financial news distribution, article syndication to 5,000+ outlets, press release enhancement, social media distribution, and corporate communications solutions for private and public companies.

How can shareholders monitor the system’s performance?

During Phase 2, shareholders will be able to monitor real-time results of the AI wellsite monitoring system through a read-only webpage.