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MIAMI - Safe & Green Holdings Corp. (NASDAQ:SGBX) announced Monday it has entered into an Open Collaborative Framework (OCF) with technology company OneQode to enhance infrastructure capabilities and operational efficiency.
The framework will initially focus on combining OneQode’s technology with Safe & Green’s operational expertise to support infrastructure, automation, and production optimization, according to a company press release.
Key objectives include exploring technology solutions for in-field assets, designing distributed command-and-control systems for field wells and micro-refinery nodes, evaluating connectivity solutions using satellite and terrestrial links, and developing solutions potentially marketable to oil and gas operators.
While not establishing a joint venture, both companies will contribute resources including personnel, technical expertise, and infrastructure capabilities to advance collaborative projects.
"This framework with OneQode marks an exciting step in our strategy to leverage innovative technology to enhance operational efficiency and infrastructure capabilities," said Mike Mclaren, CEO of Safe & Green Holdings.
The agreement outlines potential future collaboration areas including joint infrastructure projects, co-development of solutions for the energy sector, and other commercial opportunities.
Safe & Green Holdings describes itself as a provider of modular construction and sustainable infrastructure solutions serving multiple industries including healthcare, education, energy, and government. OneQode is characterized as a global infrastructure-as-a-service company delivering networking, compute, and digital infrastructure solutions.
In other recent news, Safe & Green Holdings Corp. reported that its subsidiary, Olenox Energy, has reached significant production milestones in Texas, producing over 3,000 barrels of oil and selling more than 2,500 barrels. The company is on track for a record production month, with peak rates of 55 barrels per day. Additionally, Safe & Green Holdings received an extension from Nasdaq to meet compliance requirements, including completing a reverse stock split and maintaining a minimum bid price of $1.00 per share by September 22, 2025. The Nasdaq Hearings Panel has granted conditional approval for the company to maintain its listing, provided it meets all continued listing requirements by August 28, 2025. In another development, Safe & Green has restructured its private placement agreement with D. Boral Capital, eliminating Series A and Series B Common Stock Warrants, reducing potential shareholder dilution by approximately 70%. This restructuring addresses concerns raised by the Nasdaq Hearings Panel. These recent developments provide investors with critical insights into the company’s current activities and future compliance strategies.
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