Olenox Receives DOT Number; Prepares To Mobilize Service Division Assets
Safe & Green Holdings (NASDAQ: SGBX) said its wholly owned subsidiary Olenox received a DOT number and is preparing to mobilize service division assets, including rigs and service equipment, to begin servicing the company’s own assets and offer third-party services.
The company plans to hire a sales team to market rigs and tooling, deploy downhole tools (ultrasonic cleaning and plasma pulse), and expects to achieve cash-flow positivity in 2026, citing growth in third-party service revenue—well maintenance, tooling services, and field support—as a key driver.
Safe & Green Holdings (NASDAQ: SGBX) ha dichiarato che la sua controllata interamente posseduta Olenox ha ricevuto un numero DOT e si sta preparando a mobilitare gli asset della divisione servizi, inclusi trivelle e attrezzature di servizio, per iniziare a fornire servizi sui propri asset e offrire servizi a terzi.
L'azienda prevede di assumere un team di vendita per commercializzare le trivelle e gli utensili, distribuire strumenti downhole (pulizia ultrasonica e impulso plasma), e si aspetta di ottenere un flusso di cassa positivo nel 2026, citando la crescita dei ricavi dai servizi a terzi—manutenzione degli impianti, servizi su strumenti e supporto sul campo—a driver chiave.
Safe & Green Holdings (NASDAQ: SGBX) dijo que su filial completamente propiedad Olenox recibió un número DOT y se está preparando para movilizar los activos de la división de servicios, incluyendo plataformas y equipos de servicio, para comenzar a prestar servicios a los activos de la empresa y ofrecer servicios a terceros.
La compañía planea contratar un equipo de ventas para comercializar plataformas y herramientas, desplegar herramientas de pozo (limpieza ultrasónica y pulso de plasma), y espera lograr un flujo de caja positivo en 2026, citando el crecimiento de los ingresos por servicios a terceros—mantenimiento de pozos, servicios de herramientas y apoyo en campo—como un motor clave.
Safe & Green Holdings (NASDAQ: SGBX)의 완전소유 자회사 Olenox가 DOT 번호를 받았으며 자사 자산에 대한 서비스를 시작하고 제3자 서비스를 제공하기 위해 해양 시추 rigs 및 서비스 장비를 포함한 서비스 부문 자산을 동원할 준비를 하고 있습니다.
회사는 드릴링 및 도구를 마케팅하기 위한 영업팀을 채용하고, 홀드 도구(초음파 세척 및 플라즈마 펄스) 배치를 추진하며, 2026년에 현금 흐름이 긍정적으로 전환될 것으로 예상하며, 제3자 서비스 매출 증가—정비, 도구 서비스 및 현장 지원—를 핵심 원동력으로 지목하고 있습니다.
Safe & Green Holdings (NASDAQ: SGBX) a déclaré que sa filiale entièrement détenue Olenox a reçu un numéro DOT et se prépare à mobiliser les actifs de la division services, y compris les forages et l'équipement de service, pour commencer à entretenir ses propres actifs et offrir des services à des tiers.
L'entreprise prévoit de recruter une équipe commerciale pour commercialiser les forages et les outillages, déployer des outils de puits (nettoyage ultrasonique et impulsion plasmatique), et s'attend à un flux de trésorerie positif en 2026, citant la croissance des revenus des services à des tiers — maintenance des puits, services d'outillage et soutien sur le terrain — comme un moteur clé.
Safe & Green Holdings (NASDAQ: SGBX) sagte, dass seine vollständig im Besitz befindliche Tochtergesellschaft Olenox eine DOT-Nummer erhalten hat und dabei ist, Vermögenswerte der Servicesparte, einschließlich Bohrungen und Serviceausrüstung, zu mobilisieren, um die eigenen Vermögenswerte zu warten und Dienste Dritter anzubieten.
Das Unternehmen plant, ein Vertriebsteam einzustellen, um Bohrplattformen und Werkzeuge zu vermarkten, Downhole-Werkzeuge bereitzustellen (Ultraschallreinigung und Plasmaimpuls), und erwartet positiven Cashflow im Jahr 2026 zu erzielen, wobei das Wachstum der Umsätze aus Drittanbieterdiensten—Wartung von Förderanlagen, Werkzeugdienste und Vor-Ort-Unterstützung—als Schlüsselfaktor gilt.
Safe & Green Holdings (NASDAQ: SGBX) قال كيانها الفرعي المملوك بالكامل Olenox قد حصل على رقم DOT وهو يستعد لنشر أصول قسم الخدمات، بما في ذلك منصات الحفر ومعدات الخدمة، لبدء خدماتها لأصول الشركة وتقديم خدمات إلى طرف ثالث.
تخطط الشركة لتوظيف فريق مبيعات لتسويق الحفارات والأدوات، ونشر أدوات الحفر في الآبار (التنظيف بالموجات فوق الصوتية ونبض البلازما)، وتتوقع أن تتحقق إيجابية التدفق النقدي في 2026، مع الإشارة إلى نمو إيرادات الخدمات للطرف الثالث—صيانة الآبار، خدمات الأدوات، والدعم الميداني—كمحرك رئيسي.
- DOT number received enabling service asset mobilization
- Plans to hire a sales team to market rigs and equipment
- Deployment of downhole tooling including ultrasonic cleaning and plasma pulse tools
- Company expects cash-flow positivity in 2026 driven by third-party services
- None.
CONROE, Texas, Nov. 24, 2025 (GLOBE NEWSWIRE) -- via IBN -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green” or the “Company”), said that its wholly owned subsidiary Olenox Corp. received its DOT number and is preparing to mobilize its service assets. Safe & Green will start servicing its own assets and is preparing to hire a sales team to market the rigs and other service equipment to third parties as well.
Michael McLaren, CEO, Safe & Green Holdings Corp., said: “This is a big step for us to get our service assets mobile and rekindle our O&G [Oil and Gas] service division. Our O&G service division is a key part of our production strategy, being able to do our own work greatly reduces the cost of our maintenance and workover costs. We can now go full out getting our wells back online.”
The service division also plays a central role in deploying Olenox’s downhole tooling assets, including its ultrasonic cleaning tool and plasma pulse tool. The Company expects to achieve cash-flow positivity in 2026, and growth in third-party service revenue—including well maintenance, tooling services, and field support—is a key driver of that plan as the team expands into a large and recurring service market.
About Safe & Green Holdings Corp.
Safe & Green Holdings Corp. (NASDAQ: SGBX) is a leading provider of modular construction and sustainable infrastructure solutions, serving customers across multiple industries including healthcare, education, energy, and government. The Company's subsidiaries focus on delivering innovative, cost-efficient, and environmentally conscious solutions that drive long-term value creation.
About Olenox Corp.
Olenox Corp is a vertically integrated energy company operating across three synergistic divisions—Oil and Gas, Energy Services, and Energy Technologies. The company acquires and optimizes underdeveloped oil and gas assets in Texas, Kansas, and Oklahoma while supporting field operations with specialized well services and proprietary enhanced-recovery technologies. Olenox’s integrated model drives efficiency, increases production and unlocks value across the energy lifecycle, positioning the company to capture opportunities often overlooked by traditional operators.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to successfully service its own assets, the Company’s ability to successfully hire a sales team to market the rigs and other service equipment to third parties, the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investors:
investors@safeandgreenholdings.com
Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com
Attachment
FAQ
What did Safe & Green (SGBX) announce on November 24, 2025 about Olenox?
How will Olenox’s DOT number affect Safe & Green (SGBX) operations in 2025–2026?
What tools will Olenox deploy as part of the service division for Safe & Green (SGBX)?
Does Safe & Green (SGBX) provide a timeframe for financial improvement?
Will Safe & Green (SGBX) market its rigs and service equipment externally?
