Safe and Green Development Corp Announces XENE Home AI Beta Launch
April 04 2024 - 8:00AM
Safe and Green Development Corporation (NASDAQ: SGD) (“SG DevCo” or
the “Company”), is pleased to announce the Beta launch of the Xene
AI Platform for the Real Estate industry.
During the beta launch phase those who signed up
on the waiting list to test the platform’s innovative features will
be granted early access to the platform to provide valuable
feedback before the official launch to the entire real estate
industry licensee base and public. This phase will allow our
stakeholders to enjoy access to the platform and discover some of
the initial AI features of the platform. The fully developed
platform is expected to launch in the coming weeks.
XENE is designed to assist customers, including buyers and
sellers, real estate agents, lawyers, accountants and title
companies in many facets of various real estate transactions by
enhancing the transaction process with cost-efficiencies and
reduced transaction fees in a range of 1.99% to 3.99% per
transaction. Licensed real estate professionals who join the Xene
Home platform will gain access to premium exclusive listings,
dedicated buyers, traditional leads, and exclusive certification
tools, all of which are intended to enhance the industry
professional’s portfolio and both enhance and expand their business
reach and performance metrics.
The Company plans to introduce advancements in AI real estate
technology following the launch. Additionally, the company intends
to progressively unveil new functionalities currently being tested
that redefine the technological landscape of real estate
transactions.
Matthew A. Barstow, SVP of Innovation at SG Devco stated, “After
months of comprehensive research and development, combined with
extensive testing and sampling, I am excited and pleased to get to
this point with our AI technology and have a beta launch. We
believe this platform goes beyond bringing a product to market and
will modify the way real estate transactions are completed for the
benefit of all parties. We are excited for this phase and even more
excited for our forthcoming launch to the public very soon!”
About Safe and Green Development Corporation
Safe and Green Development Corporation is a real
estate development company. Formed in 2021, it focuses on the
development of sites using purpose-built, prefabricated modules
built from both wood and steel. The thesis of development is to
build strong, innovative and green, single or multifamily projects
across all income and asset classes. SG DevCo operates a flexible
business model and will look to strategically monetize its assets
via land sales, joint ventures and other initiatives. Additionally,
a majority owned-subsidiary of SG DevCo, Majestic World Holdings
LLC, is a proptech company that has created the XENE Platform. It
is powered by advanced AI technology which aims to decentralize the
real estate marketplace, creating an all-in-one solution that
brings banks, institutions, home builders, clients, agents,
vendors, gig workers, and insurers into a seamlessly integrated and
structured AI-driven environment.
More information about SG DevCo can be found
at www.sgdevco.com.
Safe Harbor Statement This press release
may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. All
statements other than statements of historical fact are, or may be
deemed to be, forward-looking statements. These forward-looking
statements are based on certain assumptions and analyses made by us
in light of our experience and our perception of historical trends,
current conditions and expected future developments, as well as
other factors we believe are appropriate in the circumstances
and include statements regarding XENE assisting in many facets of
various real estate transactions by enhancing the transaction
process with cost-efficiencies and reduced transaction fees in a
range of 1.99% to 3.99% per transaction. the Xene Home platform
enhancing licensed real estate professional’s portfolio and
expanding their business reach, plans to introduce continuous
advancements in AI technology, plans to progressively unveil new
functionalities currently being tested that redefine the
technological landscape of real estate transactions and the
platform modifying the way real estate transactions are completed
for the benefit of all parties. Actual events or results may differ
materially from those projected in any of such statements due to
various factors, including the Company’s ability to attract
customers, including buyers and sellers, real estate agents,
lawyers, accountants and title companies, to join the XENE Home
platform, the Company’s ability to enhance the transaction process
with cost-efficiencies and reduced transaction fees, the Company’s
ability to introduce advancements in AI technology, the Company’s
ability to unveil new functionalities that redefine the
technological landscape of real estate transactions, the Company’s
ability to change the way real estate transactions are completed,
the Company’s ability to monetize its real estate holdings and the
other factors discussed in the Company’s Annual Report on Form 10-K
for the year ended December 31, 2023 and its subsequent filings
with the SEC. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
hereof.. All forward-looking statements are qualified in their
entirety by this cautionary statement and Safe and Green
Development Corporation undertakes no obligation to revise or
update this press release to reflect events or circumstances after
the date hereof.
For investor relations and media inquiries, please
contact: Barwicki Investor Relations Andrew@Barwicki.com
516-662-9461
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