FAQ: Safe & Green Holdings Corp. (SGBX) Operations Consolidation and Olenox AI Expansion

What is the main announcement from Safe & Green Holdings Corp.?

The company is relocating and consolidating operations to a new facility in Conroe, Texas while expanding its Olenox subsidiary’s AI-driven monitoring system for wellsite optimization.

Where is the company relocating its operations?

Safe & Green Holdings is moving its SG Echo factory operations from Durant, Oklahoma to a new facility in Conroe, Texas.

What is Olenox Corp. and what role does it play?

Olenox Corp. is a wholly owned subsidiary of Safe & Green Holdings focused on energy services operations, and it will deploy an AI-driven monitoring system to optimize wellsite performance.

How does the AI system improve wellsite operations?

The AI system uses a proprietary algorithm to analyze production data and optimize pumpjack performance in real time, improving efficiency and reducing operating costs.

Why is the company leadership receiving equity compensation?

Company leadership and board members have opted to receive equity compensation to underscore their alignment with shareholders’ interests.

What are the key benefits of these operational changes?

The changes focus on improving energy efficiency, reducing operating costs through AI optimization, and consolidating operations for better operational management.

Where can investors find more information about SGBX updates?

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

What type of company is Safe & Green Holdings Corp.?

Safe & Green Holdings is a diversified holding company with a focus on energy efficiency and innovation through subsidiaries like Olenox Corp.