SGBX Subsidiary Olenox to Implement AI Algorithm to Streamline Wellsite Production and Operator Input
SG Blocks, Inc. (SGBX)
NASDAQ:AMEX Investor Relations:
ir.sgblocks.com
Company Research
Source: GlobeNewswire
CONROE, Texas, Oct. 16, 2025 (GLOBE NEWSWIRE) -- via IBN -- Safe & Green Holdings Corp. (NASDAQ: SGBX), and its wholly owned subsidiary, Olenox Corp, a vertically integrated energy company, today announce the completion of Phase 1 of its intelligent wellsite monitoring system, leveraging the company’s Machfu gateway as its core technology. The system is designed to optimize wellsite operations through real-time, bi-directional monitoring and control — reducing lifting costs, site visits, and unnecessary energy consumption. The AI-powered system utilizes a proprietary algorithm to analyze water-cut percentages and dynamically adjust pumpjack operations. By modulating pump speeds—or temporarily shutting down equipment to allow the reservoir to rebalance and minimize water coning—the platform aims to increase production efficiency while extending equipment life and improving sustainability. Phase 2 of the project will involve full implementation on one of Olenox’s production pads. A
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SGBX
News
- Olenox Receives DOT Number; Prepares To Mobilize Service Division AssetsGlobeNewswire
- Safe & Green Holdings Outlines New Integrated Energy Strategy Following First Year Under Olenox LeadershipGlobeNewswire
- Safe and Green Holdings Announces Its 2025 Record Date and Annual Shareholders Meeting DateGlobeNewswire
- IBN Initiates Coverage of Safe and Green Holdings Corp.GlobeNewswire
- SGBX and Subsidiary Olenox Energy Tout Reliability of Mission-Critical Web Services in Collaborative Partnership with Global Technology Company OneQodeGlobeNewswire
SGBX
Sec Filings
- 12/2/25 - Form 8-K
- 11/14/25 - Form 10-Q
- 11/4/25 - Form PRE
- SGBX's page on the SEC website