Orbital Energy Group Subsidiary IMMCO, Inc. Announces Major Milestone in Fiber Optic Design to Two Million Homes and Significant Office Expansion

HOUSTON, January 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.

(PRNewsfoto/Orbital Energy Group, Inc.)

IMMCO is a full-service international telecommunications engineering and network design company that has been providing diverse engineering services and custom software solutions to a global customer base since 1992.

“More than half a decade ago, IMMCO was at the forefront of designing advanced, high-capacity and resilient FTTP networks around the world,” explained IMMCO’s CEO. Keith Hayes. ” From Australiaspanning the United States and Porto Ricofollowed by North West Europeand now central Europewith a project that will soon be launched in Canada, IMMCO’s team of experts responded to customer demand and delivered FTTP designs on multiple platforms. Our production team has doubled over the past two years to over 600 people in response to the volume demanded by our customers.”

To support its rapidly growing team of networking experts, IMMCO recently dedicated an office extension of approximately 9,500 square feet in the Cochin Special Economic Zone in Kochi (Cochin), India.

“Our state-of-the-art facility in Indiawith an initial capacity to support over 200 workstations and an expansion room for an additional 50 stations, nearly doubles our production space,” said Mike McCracken, CEO of GTS. “The new facility includes advanced wireless and wired networking, over 200 well-equipped computer workstations, robust and scalable servers and firewalls, UPS and DC string backup battery to ensure business continuity. , as well as space and equipment for training our employees.”

“This milestone of two million fiber-to-the-premises designs, coupled with our expanded and modernized facilities in India demonstrates the value of GTS’ acquisition of IMMCO,” said Jim O’Neil, CEO of Orbital Energy Group. “These successes also demonstrate our strategy of acquiring platform entities like GTS, which in turn build successful and synergistic businesses within the platform – while ensuring increased shareholder value for OEG.”

About Orbital Energy Group

Orbital Energy Group, Inc. [Nasdaq: OEG] creates a diversified platform of energy services through the acquisition and development of innovative companies. Orbital Energy’s business group 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, utility and midstream markets.

Orbital Solar Services provides engineering, procurement and construction (“EPC”) expertise in the renewable energy sector and has established relationships with solar developers and panel manufacturers in the utility-scale solar market.

Orbital Telecom Services, doing business as Gibson Technical Services, has facilities nationwide equipped to efficiently support multi-vendor OEM technology environments and off-site plant build operations as needed with specialized services in broadband, wireless, outdoor plant and construction technologies, including healthcare.

Orbital Gas Systems has been a 30 year leader in innovative gas solutions, serving the energy, power and process markets through the design, installation and commissioning of sampling systems, measurement and distribution of industrial gases.

As a publicly traded company, Orbital Energy is dedicated to maximizing shareholder value. But most importantly, our commitment to conduct our business with a high level of integrity, respect and philanthropic dedication enables the organization to make a difference in the lives of its customers, employees, investors and the global community.

For more information, 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. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in its future results of operations due to a number of economic, competitive and other factors, including, among others, our reliance on third-party manufacturers and suppliers, budgets and policies of government agencies, new or increased competition, changes in market demand, and the performance or reliability of our products. These and other factors could cause the results of operations to differ materially from those of prior periods and from those projected in the forward-looking statements. Additional information regarding these and other factors that could materially affect the Company and its operations is 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
[email protected]

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SOURCE Orbital Energy Group, Inc.

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