Safe & Green Holdings (NASDAQ: SGBX), through its wholly owned subsidiary Olenox Corp., announced the completion of Phase 1 of its intelligent wellsite monitoring system, powered by the company’s Machfu gateway. The AI-driven platform enables real-time, bi-directional monitoring and control to reduce lifting costs, site visits, and energy use while optimizing production. Using a proprietary algorithm, the system adjusts pumpjack operations based on water-cut levels to improve efficiency and extend equipment life. Phase 2 will see full deployment at an Olenox production pad, with shareholders able to monitor real-time results via a read-only webpage.
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About Safe & Green Holdings Corp.
Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value.
NOTE TO INVESTORS: The latest news and updates relating to SGBX are available in the company’s newsroom at https://ibn.fm/SGBX
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