New Structure and Accomplished Executive
Team Designed to Further Accelerate Solar Division's Efficiency and
Profitability
HOUSTON, April 26,
2022 /PRNewswire/ -- Orbital Energy Group, Inc.
(NASDAQ: OEG) ("OEG" or the "Company") today announced the
reorganization of its Solar Division and appointment of
Robert Burns as president of its
subsidiary, Orbital Solar Services (OSS), effective April 25, 2022.
Effective immediately, OSS is now a part of OEG's telecom
division, Gibson Technical Services ("GTS"). Mike McCracken, GTS's chief executive officer,
will become chief executive officer of both entities, GTS and OSS.
Long-term GTS executive, Jon Martin,
will become president of GTS, while Scott
Stokes, GTS's chief technical officer, will assume that role
for both GTS and OSS.
The Company, as part of the reorganization, announces that
industry veteran Robert Burns has
joined as OSS's new President. Mr. Burns has more than 30 years
construction expertise with a particular focus in the solar
industry. He has extensive experience in all aspects of
construction operations, pre- construction, budgetary controls for
projects and segments, and business development for all
sectors.
Mr. Burns background includes more than 6 GW of solar renewable
projects completed with continuous advancement in company grade
level and compensation. He has managed a large assortment of
construction projects from $500,000
to more than $130 million, with a
track record of completing them safely, on time, and under
budget.
"We are proud to welcome Robert
Burns to lead our renewable strategies. Robert is an
incredibly accomplished executive with extensive construction and
renewable sector experience, making him an ideal choice to lead
this segment," said Jim O'Neil,
OEG's Vice-Chairman & CEO. "We believe that Robert's expertise,
coupled with Mike's proven track record of success in delivering
large projects on time and under budget will greatly enhance the
efficiency and profitability of our Solar Division. We look forward
to benefiting from Robert's knowledge and leadership."
"We are very pleased to welcome an experienced industry
professional such as Robert Burns to
the OEG/OSS team," said Mike
McCracken, Chief Executive Officer of GTS and OSS. "He
brings considerable expertise in areas vital to OSS, particularly
in the management of large, utility scale solar installations. He
is a seasoned leader in the solar energy sector with an exceptional
network and understanding of industry fundamentals."
Mr. Burns commented, "I am delighted to join a progressive,
growth-oriented company such as OSS. I am looking forward to
contributing to the Company's further profitable growth; enhancing
the operation of OSS; and increasing shareholder value, as OEG and
OSS increases its commercial footprint within the infrastructure
services industry."
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.
