Enterprise Group Adds New Tier One Petroleum Producer Client
Enterprise Group announced on May 15, 2024, that it has added a new Tier One petroleum producer client. This client is one of Canada's largest and focuses on maximizing production efficiency, reducing environmental impact, and delivering shareholder value. Enterprise will supply low-emission mobile power systems to support the client's operations, which span globally, including Western Canada. This addition enhances Enterprise's portfolio, which now includes over 20 Tier One clients. The client's commitment to sustainability aligns with Enterprise's focus on CO2 and greenhouse gas reduction technologies.
- Enterprise Group secured a high-profile Tier One petroleum producer client, expanding its customer base.
- The new client is one of Canada's largest petroleum producers, which adds significant credibility to Enterprise's portfolio.
- The client’s operations are global, offering Enterprise potential for international exposure and growth.
- Enterprise's focus on low-emission and environmentally responsible technologies is aligned with the client's sustainability goals.
- Enterprise now boasts over 20 Tier One clients, indicating strong market acceptance and trust in its services.
- The press release lacks specific financial details about the new client contract, such as revenue expectations or profit margins.
- Enterprise’s ongoing expansion might lead to increased operational costs and complexities.
- The press release does not mention any immediate impacts on shareholder value or stock performance for ETOLF.
St. Albert, Alberta--(Newsfile Corp. - May 15, 2024) - Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise") Enterprise Group, Inc., consolidates energy services (including specialized equipment rental to the energy/resource sector), emphasizing technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas emissions for small to Tier One resource clients.
The Company announces that it has initiated supply of site infrastructure equipment, specifically low emissions mobile power systems to one of Canada's largest petroleum producers, adding to its growing group of over 20 Tier One clients and several other resource clients of varying capacities.
The client's operations span across various regions around the globe, including Western Canada. Overall, the client's operations are diversified, with a focus on maximizing production efficiency, minimizing environmental impact, and delivering value to shareholders.
The client champions a commitment to protecting and conserving the environment, including reducing greenhouse gas and other air emissions, increasing energy efficiencies, protecting water resources, and managing waste and land impact. As part of this, it invests in equipment upgrades and new technology to measure, monitor, and improve its environmental performance, reflecting its dedication to sustainable practices.
Enterprises' approach to providing environmentally responsible power systems and generators to all manner of industrial clients is increasing, as evidenced by the addition of several Tier One announcements over the recent years.
About Enterprise Group, Inc.
Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce or eliminate CO2 and Greenhouse Gas emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedarplus.ca. For questions or additional information, please contact:
Leonard Jaroszuk: President & CEO, or
Desmond O'Kell: Senior Vice-President
contact@enterprisegrp.ca
780-418-4400
Forward-Looking Information
This news release may contain certain forward-looking information, as defined under applicable Canadian securities legislation, that is not based on historical fact, including without limitation statements containing the words "believes," "anticipates," "plans," "intends," "will," "should," "expects," "continue," "estimate," "forecasts" and other similar expressions. In particular, this news release includes forward-looking information relating to the Facility and the Company's intention to pursue acquisition opportunities and to purchase shares pursuant to the normal course issuer bid. Actual results, events, or developments could be materially different from those expressed or implied by these forward-looking statements. There is no assurance that any of the events or expectations will occur or be realized. By their nature, forward-looking statements are subject to numerous assumptions and risk factors including those discussed in the Company's Annual Information Form and most recent MD&A which are incorporated herein by reference and are available through SEDAR at www.sedarplus.ca. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209187
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