HOUSTON,
April 12,
2022 /PRNewswire/ -- Orbital Energy Group, Inc.
(NASDAQ: OEG) ("Orbital"), announced that IMMCO, Inc, a subsidiary
of Gibson Technical Services, Inc ("GTS"). and Orbital, has entered
into a multi-year agreement with a major infrastructure deployment
company in Australia, to deploy
iBISS®, IMMCO's advanced GIS-based digital network mapping,
collaboration, and workflow platform, to improve the efficiency of
the buildout of a fiber-to-the-premise (FTTP) project that will
provide high-performance broadband to hundreds of thousands of
Australian residences.
IMMCO CEO Keith
Hayes said, "IMMCO is delighted to equip our partner with
IMMCO's iBISS® platform, which will improve the accuracy, speed,
and quality of the complex field data collection and construction
processes involved in completing an advanced FTTP network. Hundreds
of personnel, from field survey technicians and network engineers
to project leadership, will have real-time access to network and
design data, enabling efficient collaboration. iBISS® has been a
key enabler of effective network buildouts and upgrades from
Australia to the US, and it
supports not only FTTP topologies, but other infrastructures such
as HFC (hybrid fiber-coaxial), distributed-split passive optical
architecture, smart city networks, and FTTN (fiber-to-the-node)
deployments."
iBISS® was developed and has been optimized for
today's networks and technologies. It places network construction
maps on digital tablets instead of paper, preventing paper-based
delays and allowing for instant online field-to-engineering
collaboration. It is also equipped with numerous
productivity-enhancing tools including virtual-infrastructure
overlays on Street View, photo and video capture for documentation
or escalation to the engineering design team, and measurement tools
to eliminate the need for wheeling or laser-range finding.
IMMCO, INC. has been supporting advanced
broadband projects in Australia
for more than half a decade. The advanced efficiencies enabled by
the deployment of iBISS® will enable network deployment that is
more rapid, less expensive, and digitally documented, ultimately
resulting in improved network management and operations.
About Orbital
Energy Group
Orbital Energy Group, Inc. (Nasdaq: OEG) is a
diversified infrastructure services platform, providing
engineering, design, construction, and maintenance services to
customers in the electric power, telecommunications, and renewable
industries.
Orbital Energy 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: www.orbitalenergygroup.com
Forward Looking
Statements
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 year ended December 31,
2020, its periodic reports on Form 10-Q, and its Current
Reports on Form 8-K filed in 2020 and 2021, 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.
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.
