Press release
Major Acquisition Introduces Game-Changing Energy and IoT Innovations, Setting the Stage for Long-Term Shareholder Value: Safe & Green Holdings Corp., (Stock Symbol: SGBX)
* Development, Design and Fabrication of Modular Structures, Meeting the Demand for Safe and Green Solutions Across Various Industries.
* Supports Third-Party and In-House Developers, Architects, Builders and Owners for Faster Execution, Greener Construction and Buildings of Higher Value.
* Signed LOI for Transformative 100% Acquisition of Olenox and Machfu.com
* Olenox's Operations Include Three Vertically Integrated Business Units: Oil & Gas Production, Energy Services and Energy Technologies.
* With Over 20,000 Gateways Deployed Globally, Machfu Delivers Real-Time Data Analytics, Predictive Maintenance and Operational Efficiency to Industrial Clients.
* Michael McLaren, Recently Appointed CEO of SGBX as well as Founder and CEO of Olenox, to Assume Additional Role as Chairman of SGBX.
* $1,274,752 Awarded by Favorable Legal Judgment, Delivering Substantial Value to Shareholders.
Safe & Green Holdings Corp., (Nasdaq: SGBX) 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 intries. SGBX supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value.
LOI for Transformative Acquisition of Olenox and Machfu.com
On January 14th SGBX announced a binding Letter of Intent ("LOI") to acquire 100% of the outstanding securities of New Asia Holdings Inc. (OTCQB: NAHD). The acquisition includes a diversified energy company Olenox Corp., a wholly owned subsidiary of NAHD. The SGBX acquisition also includes Machfu.com [http://machfu.com/], a wholly owned subsidiary of Olenox, specializing in secure connectivity and automation solutions for industries such as oil & gas, utilities, and manufacturing.
Olenox's operations include three vertically integrated business units: Oil & Gas Production, Energy Services, and Energy Technologies. Olenox specializes in acquiring and revitalizing underdeveloped energy assets, leveraging proprietary technologies and operational expertise to enhance production efficiency, lower costs, and minimize environmental impact.
Key achievements of Olenox include expanding production from 113 barrels of oil equivalent per day (BOE/day) to a projected 700 BOE/day through increased operational capacity and innovative technologies. By focusing on distressed and neglected oil and gas fields in Texas, Oklahoma, and Kansas, Olenox has created a scalable model that addresses industry inefficiencies while maintaining a strong commitment to sustainability. Following the acquisition of NAHD, SGBX will continue to maintain its current operations and fabrication of modular structures. In addition, the Company plans to leverage its existing facilities, including its Waldron facility in Durant, Oklahoma, to support its new operations in the oil and gas industry. SGBX management expects that this dual focus will enable the combined entity to achieve greater efficiencies and benefit from economies of scale across its business segments. This approach aligns with the Company's overarching vision to lead advancements in sustainable energy, food, water, and shelter as essential pillars for fostering global resilience.
Olenox's proprietary plasma pulse and ultrasonic cleaning tools set it apart from traditional energy players. These advanced technologies allow for cost-effective recovery of oil and gas while reducing the environmental footprint, ensuring alignment with global sustainability trends. Olenox's Energy Services division, with its customized service rigs and reclamation capabilities, enhances the value of its production assets while generating additional revenue streams through third-party contracts.
Machfu.com [http://machfu.com/] is a trailblazer in the Industrial IoT sector. Its flagship product, the MachGateway Registered , and Edge-to-Enterprise Trademark software enable seamless integration of legacy systems with modern IoT platforms. With over 20,000 gateways deployed globally, Machfu has proven its ability to deliver real-time data analytics, predictive maintenance, and operational efficiency to industrial clients.
Machfu's technology supports cost reduction and productivity gains by minimizing downtime and optimizing equipment performance. For example, its Bluetooth IoT gateways connect over 125 sensors per device, enabling scalable, low-cost solutions for monitoring and control in industrial environments. These capabilities directly address the growing demand for automation and digital transformation in energy and other key industries, creating high-margin recurring revenue opportunities for the combined entity.
In connection with the transaction, Michael McLaren, recently appointed CEO of SGBX, as well as founder and CEO of Olenox, will assume the additional role of Chairman of SGBX, succeeding Paul Galvin, who will remain on the board of directors.
SGBX CEO Michael McLaren stated, "We believe that the combination of Olenox and Machfu with Safe & Green will create a powerful, diversified entity with robust growth potential in both the energy and technology sectors. Olenox provides stable and growing revenues from its oil and gas assets, complemented by the scalability of Machfu's recurring IoT revenue streams. We believe that this synergy will position the combined company to capture significant market opportunities in renewable energy, digital transformation, and industrial automation. By maintaining Safe & Green's current modular operations, while leveraging facilities such as our Waldron facility to support oil and gas activities, we expect to achieve greater operational efficiencies and economies of scale. For Safe & Green shareholders, this transaction represents a strategic pivot toward high-growth markets. Olenox's proven financial performance, including strong asset utilization and innovative technologies, enhances the Company's equity position and profitability potential. Machfu's advanced IoT capabilities further diversify the revenue base, providing exposure to a rapidly growing global market."
Favorable Legal Judgment, Delivering Substantial Value to Shareholders
On December 27th SGBX announced a decisive legal victory in its litigation against EDI International, PC, and PVE, LLC. The Superior Court of Los Angeles County awarded a judgment in favor of Safe & Green Holdings, granting the Company $1,274,752 in damages, with additional potential awards for interest, legal costs, and attorney's fees.
This judgment resolves claims related to intentional interference with prospective economic relations and contractual obligations, highlighting the Company's steadfast commitment to protecting its interests and ensuring fairness for its shareholders.
The court ruled that the defendants' actions disrupted critical economic relationships and contractual agreements, resulting in damages to Safe & Green Holdings. SGBX is committed to ensuring that the awarded damages benefit shareholders and contribute to its mission of advancing sustainable and innovative building solutions.
For more information on $SGBX, visit https://www.safeandgreenholdings.com/
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Media Contact
Company Name: Safe & Green Holdings Corp
Contact Person: CEO Michael McLaren, Chairman and CEO
Email: Send Email [http://www.universalpressrelease.com/?pr=major-acquisition-introduces-gamechanging-energy-and-iot-innovations-setting-the-stage-for-longterm-shareholder-value-safe-green-holdings-corp-stock-symbol-sgbx]
Phone: 646-240-4235
Address:990 Biscayne Boulevard Suite 501, Office 12
City: Miami
State: Florida
Country: United States
Website: https://www.safeandgreenholdings.com/
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