ORBITAL INFRASTRUCTURE GROUP PROVIDES RESOURCES AND SUPPORT TO ASSIST THOSE IMPACTED BY HURRICANE IAN
Orbital Infrastructure Group, Inc. (OIG) announced on September 29, 2022, that its subsidiary, Orbital Power Inc., is deploying nine electric distribution crews to assist in restoring utility services in Florida following Hurricane Ian. The company has mobilized resources in anticipation of the storm's impact, ensuring immediate response to repair efforts. OIG aims to leverage its infrastructure services platform for future profitable growth, focusing on electric power, telecommunications, and renewables. CEO Jim O'Neil expressed gratitude for staff efforts amid challenging conditions.
- Deployment of nine electric distribution crews to assist in Florida post-Hurricane Ian.
- High demand for emergency response crews reflects strong operational capacity.
- Strategic positioning of resources before the storm demonstrates proactive planning.
- None.
HOUSTON, Sept. 29, 2022 /PRNewswire/ -- Orbital Infrastructure Group, Inc. ("OIG") [NASDAQ: OIG] today announced that its wholly-owned subsidiary, Orbital Power Inc., is providing nine electric distribution crews and associated resources to assist customers in repairing damaged electric utility and telecommunication infrastructure in the aftermath of Hurricane Ian, one of the most powerful hurricanes ever to hit Florida.
OIG's Vice-Chairman and CEO, Jim O'Neil, commented, "We have experienced a high level of demand for our emergency response crews and positioned our skilled workforce and equipment in Florida in advance of Hurricane Ian making landfall to respond immediately to repair electric power and telecommunications infrastructure damage in the aftermath of the storm. We appreciate the efforts of our employees who are working safely and effectively in a very difficult environment – our thoughts and prayers are with the Floridians impacted by this major storm."
Orbital Infrastructure Group, Inc. [NASDAQ: OIG] is a diversified infrastructure services platform, providing engineering, design, construction, and maintenance services to customers in three operating segments; electric power, telecommunications, and renewables.
Beginning in April 2021, Orbital Infrastructure Group transformed its infrastructure strategy with the acquisitions of GTS and Front Line Power Construction, the company's telecommunications, and electric power segment platforms, as well as three synergistic "tuck in" acquisitions (IMMCO, Inc, Full Moon Telecom, and Coax Fiber Solutions) and the divestiture of its legacy Orbital Gas Systems business. The Company is now positioned to profitably grow its infrastructure services platform for years to come, organically and through synergistic acquisitions to capitalize on strong multi-year end market drivers in the industries we serve.
Orbital Infrastructure Group is dedicated to maximizing shareholder value, by striving to exceed our customers' expectations, building a diverse workforce, and making a positive difference in the lives of our employees and the communities in which we operate, and contributing to reducing the carbon footprint through the services we provide.
For more information please visit: http://www.orbitalenergygroup.com
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the expected use of proceeds. These statements may be identified by the use of forward-looking expressions, including, but not limited to, "expect," "anticipate," "intend," "plan," "believe," "estimate," "potential," "predict," "project," "should," "would" and similar expressions and the negatives of those terms. These statements relate to future events and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to be materially different from any results, performance or achievements expressed or implied by the forward-looking statements. Such factors include the risk factors set forth in the Company's filings with the SEC, including, without limitation, its Annual Report on Form 10-K for the years ended December 31, 2021, its periodic reports on Form 10-Q, and its Current Reports on Form 8-K filed in 2021 and 2022, as well as the risks identified in the shelf registration statement and the prospectus supplement relating to the offering. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. Orbital undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
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SOURCE Orbital Infrastructure Group, Inc.
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