Olenox Industries Subsidiary Giant Containers Retained for Development of New Jersey's Newest State Park

Giant Containers to design and build critical infrastructure and community amenities for transformative urban state park spanning northern New Jersey

CONROE, Texas, Feb. 26, 2026 (GLOBE NEWSWIRE) -- via IBN — Olenox Industries Inc. (NASDAQ: OLOX) (“Olenox Industries” or the “Company”) today announced that its subsidiary, Giant Containers, has been selected to provide design and construction services for critical infrastructure and amenities as part of the nearly one-mile Newark segment of New Jersey’s newest state park.

The park is envisioned to be a nine-mile greenway and multi-use corridor connecting eight communities in Essex and Hudson counties in northeastern New Jersey. The initiative envisions repurposing a long-abandoned railroad right of way into a linear state park traversing the New Jersey Meadowlands, spanning the Hackensack and Passaic rivers, and connecting densely populated communities with reclaimed green space and recreational pathways.

Giant Containers will help deliver foundational site infrastructure and community-oriented amenities aimed at improving safety, accessibility and long-term durability.

“The nine-mile greenway represents a once-in-a-generation opportunity to redefine how sustainable infrastructure can expand equitable access to open space,” said Michael McLaren, CEO of Olenox Industries. “Through Giant Containers, we are proud to bring forward-thinking design-build expertise to a project that will transform an underutilized corridor into a vibrant, connected asset delivering lasting environmental, economic and community value across northern New Jersey.”

This phase represents a key milestone in the project’s evolution, advancing sections of the corridor into active construction and visible public improvements.

Olenox Industries continues to focus on infrastructure solutions that combine environmental responsibility, engineering expertise and measurable community impact.

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.