O.A.T,Inc. Is Pleased to Announce Two New Projects

Rhea-AI Summary

OAT, INC announces two new projects in California, enhancing its portfolio. The first project, Wells 201,202,2103, and 205 Equipping, is located in Riverside County with a contract value of $716,000, signed on August 31, 2021. The second project, Regional Water Reclamation Facility Mission Springs, is based in Hot Springs, CA, with a contract amount of $382,000, finalized on October 25, 2021. Both projects are contracted to J.F. Shea Construction Inc. The announcement includes forward-looking statements subject to various risks and uncertainties.

Positive

• New project announcements expand business operations.
• Total contract value of $1,098,000 indicates strong business activity.

Negative

• Forward-looking statements include uncertainties that may affect business outcomes.

CERRITOS, CA / ACCESSWIRE / November 15, 2021 / The first project name is "Wells 201,202,2103, and 205 Equipping, Eastern Municipal Water District." The project is in Riverside County, CA. The contract amount is $716,000 and was signed on August 31^st, 2021. The contractor of this project is "J.F. Shea Construction Inc.

The second project is called "Regional Water Reclamation Facility Mission Springs Water District Desert." The project will be conducted in Hot Springs CA. The contract amount is $382,000, and the contract was done on October 25^th, 2021. The general contractor of this operation is "J.F. Shea Construction Inc."

CONTACT

Brian Hwang
7029011936
oathvac@gmail.com

Cautionary Note: The news release contains forward-looking statements within the meaning of federal securities laws. The statements are based on current beliefs and looking-forward expectations that are subject to change. In addition, such anticipated statements are subject to suppositions with respect to future business strategies and decisions that are subject to change. Actual results may differ from those expectations expressed in statements. Potential risks and uncertainties include, but not limited to, market conditions, government approvals, changes to proposed laws, and economic conditions within the industry. We do not take any obligation to update statements to reflect events after the statement was made.

SOURCE: OAT, INC

View source version on accesswire.com:
https://www.accesswire.com/672954/OATInc-Is-Pleased-to-Announce-Two-New-Projects

FAQ

What are the details of OAT, INC's new projects announced in November 2021?

OAT, INC announced two projects: 'Wells 201,202,2103, and 205 Equipping' in Riverside County for $716,000, and 'Regional Water Reclamation Facility Mission Springs' in Hot Springs for $382,000.

Who is the contractor for the new projects by OAT, INC?

The contractor for both projects is J.F. Shea Construction Inc.

What is the total contract value of the new projects by OAT, INC?

The total contract value of the announced projects is $1,098,000.

When were the contracts for the OAT, INC projects signed?

The contract for 'Wells 201,202,2103, and 205 Equipping' was signed on August 31, 2021, and the contract for 'Regional Water Reclamation Facility Mission Springs' was signed on October 25, 2021.

What risks did OAT, INC mention regarding their new projects?

OAT, INC highlighted potential risks including market conditions, government approvals, and changes to proposed laws that could affect the outcomes of the projects.