- The company appointed Erik Blum and Adam Falkoff to its board, strengthening finance and strategic leadership.
- The additions come as Olenox completes a year-long repositioning into a vertically integrated energy and infrastructure company.
- Management is prioritizing production optimization and oilfield services over exploration-led growth, aligning its strategy with the broader push for U.S. energy independence.
- Olenox operates across energy development, oilfield services, containerized infrastructure, and industrial monitoring.
Olenox Industries (NASDAQ: OLOX), a vertically integrated energy company, is reinforcing its governance bench as it works to establish itself as a vertically integrated energy and infrastructure platform, announcing the appointment of Erik Blum and Adam Falkoff to its board of directors. The company said the appointments fill existing vacancies and expand board expertise in corporate finance, public policy, and strategic leadership. Details of the changes were disclosed in a Form 8-K filing and summarized in a company announcement earlier this month (https://ibn.fm/YpxM6).
Blum brings more than three decades of experience across corporate finance, debt markets, and public-company management. Most recently, he led the turnaround of a publicly traded firm from non-reporting status to full SEC reporting.
Falkoff adds a policy and international affairs perspective, with more than 20 years advising Fortune 100 companies and government leaders. He currently runs CapitalKeys, a bipartisan consulting firm, and previously held senior roles at Microsoft and Amazon, as well as positions in the U.S. legislative and executive branches.
Both directors will participate in Olenox’s standard non-employee compensation program, including cash retainers and equity awards, prorated for their February start dates.
The board refresh comes as Olenox completes a significant corporate transition. Formerly known as Safe & Green Holdings Corp., the company rebranded in 2025 to reflect what management describes as a unified operating model rather than a collection of disconnected assets.
Olenox spans energy development, oilfield services, industrial technology, containerized infrastructure, and monitoring systems. Energy sits at the center of the structure, organized into three integrated divisions.
The oil and gas unit focuses on acquiring underdeveloped or distressed properties in Texas, Oklahoma, and Kansas. Rather than pursuing exploration-heavy strategies, Olenox emphasizes improving production from existing wells, a capital-light approach that management says can deliver quicker returns.
Supporting that effort is the company’s oilfield services division, which provides well abandonment and environmental reclamation services to third parties. These activities generate recurring cash flow while also serving Olenox’s own assets, creating operational overlap across the platform.
A third energy-focused unit, Olenox Technologies, develops proprietary tools such as plasma pulse and ultrasonic cleaning systems designed to restore output from underperforming wells.
Outside of upstream operations, Olenox continues to run Giant Containers, a business founded in 2017 that designs and manufactures modular, containerized systems for industrial and commercial applications. These systems are positioned as building blocks for on-site power generation and infrastructure deployments, particularly near pipeline networks or production facilities.
The company also operates Machfu Monitoring, which delivers Industrial Internet of Things capabilities that connect field assets to enterprise systems through secure networks, providing real-time visibility into operations.
The consolidation of these subsidiaries into a single operating structure is meant to improve coordination across divisions and offer investors a more coherent picture of asset performance.
The strategic reset is taking place against the backdrop of renewed focus on American energy independence. Olenox’s emphasis on domestic production, well optimization, and infrastructure services aligns with broader policy and market efforts to strengthen U.S.-based energy supply chains while reducing reliance on imports.
For more information, visit the company’s website at www.Olenox.com.
NOTE TO INVESTORS: The latest news and updates relating to OLOX are available in the company’s newsroom at https://ibn.fm/OLOX
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