MARKET WIRE NEWS

Giant Containers Retained to Design, Deliver New Modular Structures for World-Leading EV Company

MWN-AI** Summary

Giant Containers, a subsidiary of Olenox Industries (Nasdaq: OLOX), has been retained to design and deliver a series of modular solutions for a prominent electric vehicle (EV) company, aiming to support its rapidly expanding national infrastructure. This engagement, announced on February 24, 2026, highlights Giant Containers' expertise in modular design and construction, particularly for scalable and efficient building solutions tailored to the unique demands of the EV market.

The project involves the design, manufacture, and deployment of multiple custom steel modular buildings across various U.S. locations, underlining the EV company's commitment to meeting the increasing consumer demand for electric vehicles. As outlined by Mike McLaren, CEO of Olenox Industries, the collaboration emphasizes Giant Containers' role as a key player in advancing next-generation infrastructure, particularly as the need for resilient and energy-efficient solutions becomes more pressing amidst the growing adoption of EVs.

Work is scheduled to begin shortly, with a phased delivery that aligns with the EV company's expansion plans. Giant Containers is known for its capabilities in creating adaptive industrial structures and high-performance infrastructure that are designed to minimize construction timelines and site disruption, while also supporting sustainability initiatives.

Olenox Industries, formerly known as Safe & Green Holdings Corp., focuses on providing engineered solutions across the industrial, energy, and infrastructure sectors. As it navigates a dynamic market, the company is committed to leveraging its subsidiaries to deliver high-quality modular systems that are not only rapid in deployment but also sustainable in performance.

As always, investors are reminded to exercise caution regarding forward-looking statements, acknowledging inherent risks and uncertainties associated with such projections. For further information, interested parties can visit www.olenox.com.

MWN-AI** Analysis

As an analyst observing the recent announcement from Giant Containers, a subsidiary of Olenox Industries (Nasdaq: OLOX), it is imperative to consider the implications of this multi-site collaboration with a leading electric vehicle (EV) manufacturer. This engagement positions Giant Containers as a critical player in the rapidly evolving infrastructure landscape, aligning well with the ongoing demand for modular solutions that meet the pressing challenges of scalability and sustainability.

Investors should note that this contract is indicative of the growing market acceptance of modular construction within the EV sector. The company's capacity to design and deliver integrated, energy-efficient structures is likely to bolster its reputation and credibility, potentially translating into additional contracts. The anticipated phased delivery schedule suggests a steady revenue stream, enhancing financial visibility and contributing positively to earnings forecasts.

Additionally, with the broader emphasis on sustainability and performance in the EV industry, Giant Containers’ projects will likely adhere to stringent environmental standards, appealing to stakeholders who prioritize green initiatives. The company’s approach to minimize construction timelines and site disruption further enhances its competitive edge in a market where efficiency is paramount.

However, investors should remain vigilant about the inherent risks highlighted in the company’s forward-looking statements. Market volatility, compliance with NASDAQ requirements, and the execution risks associated with ambitious contracts must be continuously monitored. While the strategic shift toward modular solutions presents an attractive investment case for Olenox Industries, maintaining a diversified portfolio to mitigate sector-specific risks remains prudent.

In conclusion, Giant Containers is well-positioned to capitalize on the growing modular construction trend within the EV space. A proactive investment strategy that considers the potential volatility and capitalizes on the growth of sustainable infrastructure may yield significant long-term benefits for stakeholders.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: GlobeNewswire

CONROE, Texas, Feb. 24, 2026 (GLOBE NEWSWIRE) -- via IBN – Giant Containers, a subsidiary of Olenox Industries (Nasdaq: OLOX), today announced it has been retained to design and deliver new modular solutions for a leading electric vehicle (EV) company across multiple U.S. locations.

The multi-site engagement will focus on the design, manufacture and deployment of scalable, modular buildings that supports the client’s continued expansion. The project scope includes multiple custom steel modular buildings across several sites.

The retained EV company continues to accelerate its national footprint to meet rising consumer demand and infrastructure requirements. Giant Containers will provide integrated design-build services to ensure consistency, speed to market, and alignment with performance and sustainability standards across all sites.

“This engagement underscores Giant Containers’ position as a trusted partner for next-generation infrastructure,” said Mike McLaren, CEO of Olenox Industries. “As EV adoption expands, the need for resilient, modular, and energy-efficient site solutions becomes critical. Our team is proud to support a leading innovator in electric mobility with infrastructure designed for scale and long-term performance.”

Work is expected to commence in the coming months, with phased delivery aligned to the client’s national expansion schedule.

Giant Containers specializes in modular design, adaptive industrial structures, and high-performance infrastructure systems for public and private sector clients. Its solutions are engineered to reduce construction timelines, minimize site disruption, and support sustainable development objectives.

About Olenox Industries Inc.
Olenox Industries Inc. (Nasdaq: OLOX), formerly known as Safe & Green Holdings Corp. (SGBX), is an industrial holding company focused on acquiring, operating, and scaling businesses that provide engineered solutions across industrial, energy, and infrastructure markets. Through its subsidiaries, including Giant Containers, the Company delivers high-quality modular and containerized systems designed for rapid deployment and long-term performance.

Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to successfully complete the manufacturing of the modular enclosure systems under a previously awarded contract to Giant Containers from a world-leading global industrial equipment manufacturer, the Company's ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

For more information, visit www.olenox.com

Investors:
investors@safeandgreenholdings.com

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FAQ**

How will the modular solutions designed by Giant Containers for the EV client impact Olenox Industries Inc Com Par $0.01 Aug 2025 OLOX's revenue growth and profitability in the coming years?

The modular solutions designed by Giant Containers for the EV client are likely to enhance Olenox Industries Inc's revenue growth and profitability by expanding their market reach and enabling cost-effective production and operational efficiencies in the evolving EV sector.

In light of the project's scope with the EV company, what risks could impact the performance of Olenox Industries Inc Com Par $0.01 Aug 20OLOX during the rollout of these modular solutions?

Key risks impacting Olenox Industries Inc’s performance during the rollout of modular solutions for the EV project include supply chain disruptions, regulatory changes, market competition, technological challenges, and shifts in consumer demand for electric vehicles.

How does the phased delivery of the modular buildings align with Olenox Industries Inc Com Par $0.01 Aug 2025 OLOX's strategic goals in the industrial and infrastructure markets?

The phased delivery of modular buildings aligns with Olenox Industries Inc's strategic goals by enhancing operational efficiency, reducing time-to-market, and increasing adaptability in the industrial and infrastructure sectors, ultimately driving growth and innovation.

What measures are being taken by Olenox Industries Inc Com Par $0.01 Aug 2025 OLOX to ensure sustainability and efficiency throughout the design and deployment of the modular solutions for the EV company?

Olenox Industries Inc is implementing eco-friendly materials, optimizing energy consumption in production processes, enhancing supply chain sustainability, and utilizing modular designs that promote energy efficiency and recyclability for their EV solutions.

**MWN-AI FAQ is based on asking OpenAI questions about Olenox Industries Inc (NASDAQ: OLOX).

Olenox Industries Inc

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