Rebrand Aligns with the Company’s Go-Forward Infrastructure Services Strategy
Orbital Energy Group, Inc. (NASDAQ: OEG), a diversified infrastructure services platform, providing engineering, design, construction, and maintenance services to customers in the electric power, telecommunications, and renewable industries, today announced the rebranding of the company to Orbital Infrastructure Group, Inc. (NASDAQ: OIG) (“OIG” or the “Company”), to align with the Company’s infrastructure strategy, and its continued expansion and market diversification. In addition to rebranding the Company, OIG has relocated its corporate domicile from the State of Colorado to Texas. Effective August 1, 2022, the Company will begin trading on the Nasdaq under the ticker symbol “OIG.”
“Earlier this year, the company discontinued its Orbital Gas Services operation and has completely transformed to be a provider of infrastructure solutions serving electric power, telecommunications, and renewable customers. The Orbital Infrastructure Group brand better represents our infrastructure strategy and the service platform that is now established,” said Jim O’Neil, OEG’s Vice-Chairman & CEO. “Furthermore, the OIG brand is more congruent with our mission to provide solutions to our customers that contribute to reducing the Nation’s carbon footprint.
In conjunction with the name and domicile change, OIG has redesigned and upgraded its website, which will go live on or before August 15, 2022, at http://www.orbitalinfrastructuregroup.com/.
About Orbital Infrastructure Group
Orbital Infrastructure Group, Inc. (Nasdaq: OIG) is a diversified infrastructure services platform, providing engineering, design, construction, and maintenance services to customers in three operating segments; electric power, telecommunications, and renewables.
Beginning in April 2021, Orbital Infrastructure Group transformed its infrastructure strategy with the acquisitions of GTS and Front Line Power Construction, the company’s telecommunications and electric power segment platforms, as well as three synergistic “tuck in” acquisitions (IMMCO, Inc, Full Moon Telecom, and Coax Fiber) and the divestiture of its legacy Orbital Gas Systems business. The Company is now positioned to profitably grow its infrastructure services platform for years to come, organically and through synergistic acquisitions to capitalize on strong multi-year end market drivers in the industries we serve.
Orbital Infrastructure 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.orbitalinfrastructuregroup.com