HOUSTON, Jan. 31, 2022 /PRNewswire/ -- Orbital Energy
Group, Inc. (NASDAQ: OEG) ("Orbital"), today announced that IMMCO,
Inc. ("IMMCO"), a wholly-owned subsidiary of Gibson Technical
Services ("GTS"), has completed more than two million homes
designed for FTTP (Fiber-to-the-Premise) networks.
IMMCO is an international, full-service telecom engineering and
network design company providing diversified engineering services
and customized software solutions to a global customer base since
1992.
"More than a half-decade ago, IMMCO was on the forefront
designing advanced, high-capacity, and resilient FTTP networks
around the planet," explained IMMCO CEO Keith Hayes. "Starting in Australia, expanding to the US and
Puerto Rico, followed by
NW Europe, and now central
Europe, with a soon-to-launch
project in Canada, IMMCO's team of
experts has responded to customer demand and has performed FTTP
designs across several platforms. Our production team has
doubled over the past two years to more than 600 in response to the
volume requested by our customers."
To support its rapidly-growing team of network experts, IMMCO
recently dedicated an office expansion of approximately 9,500
square feet in the Cochin Special Economic Zone in Kochi
(Cochin), India.
"Our state-of-the-art facility in India, with initial capacity to support more
than 200 workstations and expansion room for an additional 50
stations, almost doubles our production space," said Mike McCracken, Chief Executive Officer of
GTS. "The new facility includes advanced wireless and wired
networking, more than 200 well-equipped computer workstations,
robust and expansion-capable servers and firewalls, UPS and
DC-string battery backup to ensure business continuity, and space
and equipment for training our employees."
"This milestone of two million fiber-to-premise designs, coupled
with our increased, modernized facilities in India demonstrates the value of GTS's
acquisition of IMMCO," stated Jim
O'Neil, CEO of Orbital Energy Group. "These successes
also demonstrate our strategy of acquiring platform entities like
GTS, who, in turn, develop successful, synergistic companies within
the platform – all ensuring increased shareholder value for
OEG."
About Orbital Energy Group
Orbital Energy Group, Inc. [Nasdaq: OEG] is creating a
diversified energy services platform through the acquisition and
development of innovative companies. Orbital Energy's group of
businesses includes Orbital Power Services, Orbital Solar Services,
Orbital Telecom Services and Orbital Gas Systems.
Orbital Power Services provides engineering, construction,
maintenance and emergency response solutions to the power,
utilities and midstream markets.
Orbital Solar Services provides engineering, procurement and
construction ("EPC") expertise in the renewable energy industry and
established relationships with solar developers and panel
manufacturers in the utility scale solar market.
Orbital Telecom Services, operating as Gibson Technical
Services, has nationwide locations equipped to effectively support
multi-vendor OEM technology environments and outside plant
construction operations on an as-needed basis with specialized
services in broadband, wireless, outside plant and building
technologies, including healthcare.
Orbital Gas Systems is a 30-year leader in innovative gas
solutions, serving the energy, power and processing markets through
the design, installation and commissioning of industrial gas
sampling, measurement and delivery systems.
As a publicly traded company, Orbital Energy is dedicated to
maximizing shareholder value. But most important, our commitment to
conduct business with a high level of integrity, respect, and
philanthropic dedication allows the organization to make a
difference in the lives of their customers, employees, investors
and global community.
For more information please
visit: www.orbitalenergygroup.com
Important Cautions Regarding Forward Looking
Statements
This document contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements are subject to risks and uncertainties that could
cause actual results to vary materially from those projected in the
forward-looking statements. The Company may experience significant
fluctuations in future operating results due to a number of
economic, competitive, and other factors, including, among other
things, our reliance on third-party manufacturers and suppliers,
government agency budgetary and political constraints, new or
increased competition, changes in market demand, and the
performance or reliability of our products. These factors and
others could cause operating results to vary significantly from
those in prior periods, and those projected in forward-looking
statements. Additional information regarding these and other
factors, which could materially affect the Company and its
operations, are included in certain forms the Company has filed
with the Securities and Exchange Commission.
Investor Relations:
Three Part Advisors
John Beisler or Steven
Hooser
817-310-8776
investors@orbitalenergygroup.com
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SOURCE Orbital Energy Group, Inc.
