HOUSTON, Nov. 12, 2021
/PRNewswire/ -- Orbital Energy Group, Inc. (NASDAQ: OEG)
("OEG") today announced that Nick
Grindstaff has been appointed Chief Financial Officer,
effective November 16, 2021. Mr.
Grindstaff will replace Daniel Ford,
who will remain with the company for a period of time to ensure a
smooth transition.
"Orbital Energy Group continues to increase in scope, size, and
complexity, making it strategically important for its executive
team to reside in one location, which is our headquarters in
Houston," said Jim O'Neil, Vice Chairman and Chief Executive
Officer of Orbital Energy Group. "Dan has done a tremendous job for
me as CFO and built a great team. We respect his decision to remain
in Portland where he has a strong
foundation of friends and family, and I wish him much success in
his future endeavors,"
"I have had the pleasure of working with Nick in the past. His
knowledge, expertise, and relationships with key stakeholders in
the infrastructure markets we serve are unparalleled," concluded
Mr. O'Neil, "We are very fortunate to have Nick as a member of our
leadership team as we profitably grow OEG for years to come."
Mr. Grindstaff has more than 20 years of experience in the
infrastructure services industry. Most recently, he served as Vice
President – Finance and Treasurer at Quanta Services, a leading
international provider of specialty contracting services. Mr.
Grindstaff holds a Master of Science degree in Accounting and a
Bachelor of Science in Finance from the University of Houston – Clear Lake.
"I am excited to join the Orbital Energy team and to work with
Jim again. The company has made great strides in their
transformation of becoming a full-service infrastructure platform
and I look forward to contributing toward execution of their
strategic objectives," said Mr. Grindstaff.
About Orbital
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
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.