Olenox Industries Inc. (NASDAQ: OLOX)

Olenox Industries Inc. operates in four key segments manufacturing and construction services, medical, real estate development, and environmental. The company specializes in modular construction, leveraging proprietary technology to design and manufacture structures that are stronger, more durable, and environmentally sensitive compared to traditional construction methods. Olenox Industries Inc. caters to a diverse range of markets, including residential, commercial, and medical sectors, with a focus on providing sustainable and efficient building solutions.

Olenox Industries Inc. generates revenue through the sale and construction of modular structures, which are designed and manufactured using proprietary technology. The company's primary products include GreenSteel Modules, which are container-based structures used as the core and shell of Safe & Green buildings. These modules are procured, engineered, painted, and delivered on-site for customers or their general contractors to complete the finish out and installation. Additionally, the company offers pre-fabricated modular containers using wood framing as the base material, catering to clients who prefer a mix of wood and steel containers for their projects. The customer base is broad, comprising contractors, home builders, building owners, and other resellers across the continental United States, as well as the medical community.

• Manufacturing and Construction Services: This segment designs and manufactures modular structures built in factories using raw materials that are Made-in-America. The company's proprietary technology and design expertise modify code-engineered cargo shipping containers and purpose-built modules for safe and sustainable commercial, industrial, and residential building. The segment also offers construction administration and project management services.

• Medical: The medical segment utilizes modular technology to offer prefabricated health facilities for on-site immediate COVID-19 testing and plans to provide turnkey solutions for medical testing and treatment. The segment has previously collaborated with Grimshaw Design and Clarity Labs Solutions to deploy prefabricated health facilities and operate a COVID-19 PCR Test Laboratory at Los Angeles International Airport.

• Real Estate Development: The real estate development segment focuses on the direct acquisition and indirect investment in properties nationally that will be further developed into green single or multi-family projects. The segment aims to construct many of its planned developments using modules built by SG Echo, a subsidiary of Olenox Industries Inc.

• Environmental: The environmental segment plans to offer a sustainable medical and waste management solution that utilizes a patented technology to collect waste and treat waste for safe disposal. The segment has entered into a ten-year exclusive distribution agreement with Sanitec Industries LLC for the State of New York, with the right to expand to other states.

Olenox Industries Inc. holds a competitive position within the modular construction industry, distinguished by its Evaluation Service Report (ESR) from the ICC Evaluation Service, which recognizes the suitability and technical capabilities of its Safe & Green structural building materials. The company's proprietary construction method is typically less expensive than traditional construction methods, particularly in urban locations and multi-story projects, and construction time is generally reduced, leading to substantial cost savings. The company's management team has extensive experience in the modular building industry, with a combined 130 years of expertise, providing a competitive edge over rivals. Additionally, the acquisition of Echo DCL, LLC has allowed Olenox Industries Inc. to vertically integrate its manufacturing process, reducing costs and increasing efficiency.

The company's customer base is diverse, including government agencies, private developers, the U.S. Military, the Native American Community, quick service restaurant operators, and entrepreneurs. At the end of 2023 and 2022, 100% and 80% of the company's gross accounts receivable were due from three and four customers, respectively. Revenue relating to one customer represented approximately 87% and 65% of the company's total revenue for the years ending December 31, 2023 and 2022, respectively.