Acquisition adds applied artificial intelligence and data analytics capabilities to support Olenox's technology and digital infrastructure strategy
CONROE, TX / ACCESS Newswire / July 13, 2026 / Olenox Industries Inc. (NASDAQ:OLOX) ("Olenox" or the "Company"), a vertically integrated U.S. energy company, today announced the completion of its acquisition of PsyLinks Neurotech Corp. ("PsyLinks"), an applied intelligence company founded by neuroscientists Dr. Michael McLaren-Gradinaru and Dr. Ford Burles.
Under the terms of the Share Exchange Agreement, Olenox acquired all of the outstanding shares of PsyLinks in exchange for approximately $500,000 of shares of restricted common stock of Olenox. Psylinks will now operate as a wholly-owned subsidiary of Olenox. As part of the acquisition, Dr. Michael McLaren-Gradinaru and Dr. Ford Burles have joined Olenox as Vice President of Technology and Vice President of Product Development, respectively.
PsyLinks is a neurotechnology and applied intelligence company that develops technologies to collect, analyze, and interpret complex operational data. Olenox believes these capabilities complement its strategy of integrating energy production, industrial infrastructure, and digital technologies to enhance operational visibility, improve decision-making, and support future technology initiatives.
"Shareholders should ask one question about any acquisition we make: how does this make us money?" said Mike McLaren, Chairman and Chief Executive Officer of Olenox. "PsyLinks strengthens our strategy of creating more value from the energy and infrastructure we own by applying intelligence across our operations. We believe its technology can help improve how we produce, manage, and utilize our energy and infrastructure assets while supporting the growth of our digital infrastructure initiatives. This acquisition is another step in building a more integrated energy and technology platform."
The acquisition may constitute a related-party transaction under applicable SEC rules due to a familial relationship between one of the sellers and the Company's Chairman. The transaction was reviewed and approved by the independent members of the Company's Board of Directors, with the interested director abstaining from the approval.
About Olenox Industries Inc.
Olenox Industries Inc. is a vertically integrated U.S. energy company operating across multiple business lines, including oil and gas, energy services and energy technologies, including the proprietary Olenox process. The Company is focused on acquiring, optimizing and scaling energy-related infrastructure and operating assets across key U.S. markets, with a strategic focus on bringing low-cost natural gas to high-value end uses, including digital infrastructure and next-generation compute.