Safe & Green Holdings Announces Relocation and Consolidation of Operations to New Facility in Conroe, Texas

Safe & Green Holdings Corp. (NASDAQ: SGBX) ("Safe & Green" or the "Company") announced today that its wholly-owned subsidiary, Olenox Corp., has entered into a Purchase Agreement for a property in Conroe, Texas. The agreement was disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission.

The Company will relocate its SG Echo factory operations from Durant, Oklahoma, to the new Conroe facility. This move will consolidate the manufacturing operations of SG Echo with the operations of Olenox Corp. The property includes office and warehouse space, and will serve as the new consolidated operational hub.

The relocation is intended to leverage several opportunities, including access to the Houston labor pool and the ability to better support the oil and gas business in Texas for Olenox on the service side. The property also includes buildings that are leased out to third parties, which will provide a revenue stream for the Company.

"We are excited to announce our relocation to our new facility in Conroe, Texas," said Tricia Kaelin, Chief Financial Officer. "This move allows us to integrate SG Echo's operations with Olenox, driving greater efficiency, reducing overhead, and increasing profit potential. In addition, monetizing the Durant, Oklahoma property through its sale will generate working capital that further supports our growth-oriented strategy and commitment to long-term profitability."

Jim Pendergast, Chief Operating Officer, commented on the operational benefits, "This move is a significant operational upgrade. By co-locating our modular manufacturing with Olenox's energy services, we can streamline logistics, share resources, and better integrate our offerings. The access to the deep talent pool in the greater Houston area and the proximity to key transportation corridors will be instrumental in scaling our production and serving our clients more effectively."