OAT INC Is Invited to the 129M PROJECT BID

Rhea-AI Summary

Olympic Air Tech (OTC PINK:OATN) has been invited to bid on a significant project titled A-side Primary Clarifiers, Replacement at Plant 2 in Orange County, CA. The bidding is set for March 16, 2021, at 2:00 PM PST, with the overall project cost estimated at $129 million. The HVAC portion is projected to cost approximately $2 million. Notably, the announcement includes a caution regarding forward-looking statements, underlining potential risks and uncertainties related to market conditions and regulatory approvals.

Positive

• Invitation to bid on a $129 million project can enhance company profile.
• HVAC segment estimated at $2 million may provide additional revenue stream.

Negative

• Dependence on winning the bid introduces uncertainty.
• Cautionary note on forward-looking statements may deter investor confidence.

CERRITOS .CA / ACCESSWIRE / March 9, 2021 / OLYMPIC AIR TECH (OTC PINK:OATN). has been invited to bid for a project called "A-side Primary Clarifiers, Replacement at Plant 2, Orange County, CA." The bidding will take place on March 16, 2021 at 2:00PM PST. Orange County Sanitation District (owner of the project) has stated that the estimate of the project cost will amount to $129 million, whereas the estimated cost of HVAC will amount to $2 million.

• Project: A-side Primary Clarifiers, Replacement at Plant 2. Orange County, CA
• Owner: Orange County Sanitation District
• Bid date: 3/16/2021, 2:00pm PST
• Project estimate: $129 million
• HVAC estimate: ~$2 million

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.

CONTACT

Brian Hwang
7029011936
oathvac@gmail.com

SOURCE: OAT, INC

View source version on accesswire.com:
https://www.accesswire.com/634254/OAT-INC-Is-Invited-to-the-129M-PROJECT-BID

FAQ

What project is Olympic Air Tech bidding for on March 16, 2021?

Olympic Air Tech is bidding for the A-side Primary Clarifiers, Replacement at Plant 2 project in Orange County, CA.

What is the estimated cost of the project Olympic Air Tech is bidding on?

The estimated cost of the project is $129 million.

What is the estimated HVAC cost for the Orange County project?

The estimated HVAC cost for the project is approximately $2 million.

What risks are associated with Olympic Air Tech's bidding on the project?

Risks include market conditions, government approvals, and changes to proposed laws.