1606 Corp. and EthosEnergy O&M Execute LOI for Operations and Maintenance of Lufkin Power Facility for Data Centers
https://www.accessnewswire.com/newsroom/en/co...-m-1217777
PHOENIX, AZ / ACCESS Newswire / September 8, 2026 / 1606 Corp. (OTC PINK:CBDW) ("1606" or the "Company"
, an emerging infrastructure company focused on powered land, data centers and AI-related energy opportunities, today announced that it has executed a Letter of Intent ("LOI" with EthosEnergy O&M (EEOM) regarding the planned operations and maintenance of the approximately 55 MW power facility in Lufkin, Texas.
A Brown and Root Industrial Services (BRIS) company, EEOM is a leading provider of third-party operations and maintenance, asset performance and assurance services supporting power generation and other energy markets and has fleet experience managing more than 200 power-generation facilities representing more than 50 GW of generating capacity, with circa 30 GW assets currently under management. Its O&M capabilities include plant mobilization, operations, maintenance, performance optimization, regulatory compliance and lifecycle reliability management, coupled with parent BRIS' extensive industrial services capabilities.
The announcement builds on the Company's project update last week, in which 1606 disclosed that it had engaged an experienced power-generation services provider to support the planned recommissioning and operations of the Lufkin facility. The Company can now identify that provider as EthosEnergy O&M.
Under the LOI, upon successful completion of 1606's proposed acquisition of the Lufkin project, the Company intends to exclusively negotiate with EEOM toward a definitive Operations and Maintenance Agreement ("OMA" under which EEOM would provide operations and maintenance services for the facility.
The parties intend to continue exchanging information and advancing discussions toward a definitive OMA as the project progresses toward financial close. The contemplated agreement is expected to build upon the detailed operations and maintenance proposal previously provided by EEOM covering key areas of the project's mobilization and operating requirements.
"EthosEnergy O&M brings the type of power-generation experience we believe will be important as we work toward bringing the Lufkin facility into operation," said Austen Lambrecht, CEO of 1606 Corp. "We have spent considerable time evaluating the operational requirements of the plant, and executing this LOI gives us a clear path toward having an experienced organization in place to operate and maintain the facility following a successful acquisition."
Lambrecht continued, "This is another important piece of the Lufkin Data Center project moving into place. As we work toward closing the acquisition, we want to have the operating plan, personnel strategy and recommissioning pathway developed so that we are positioned to move efficiently following closing."
The LOI is generally non-binding and does not obligate either party to enter into a definitive OMA. Completion of any definitive agreement remains subject to further negotiation and the successful completion of 1606's acquisition of the Lufkin project.
https://www.accessnewswire.com/newsroom/en/co...-m-1217777
PHOENIX, AZ / ACCESS Newswire / September 8, 2026 / 1606 Corp. (OTC PINK:CBDW) ("1606" or the "Company"
, an emerging infrastructure company focused on powered land, data centers and AI-related energy opportunities, today announced that it has executed a Letter of Intent ("LOI" with EthosEnergy O&M (EEOM) regarding the planned operations and maintenance of the approximately 55 MW power facility in Lufkin, Texas. A Brown and Root Industrial Services (BRIS) company, EEOM is a leading provider of third-party operations and maintenance, asset performance and assurance services supporting power generation and other energy markets and has fleet experience managing more than 200 power-generation facilities representing more than 50 GW of generating capacity, with circa 30 GW assets currently under management. Its O&M capabilities include plant mobilization, operations, maintenance, performance optimization, regulatory compliance and lifecycle reliability management, coupled with parent BRIS' extensive industrial services capabilities.
The announcement builds on the Company's project update last week, in which 1606 disclosed that it had engaged an experienced power-generation services provider to support the planned recommissioning and operations of the Lufkin facility. The Company can now identify that provider as EthosEnergy O&M.
Under the LOI, upon successful completion of 1606's proposed acquisition of the Lufkin project, the Company intends to exclusively negotiate with EEOM toward a definitive Operations and Maintenance Agreement ("OMA"
under which EEOM would provide operations and maintenance services for the facility. The parties intend to continue exchanging information and advancing discussions toward a definitive OMA as the project progresses toward financial close. The contemplated agreement is expected to build upon the detailed operations and maintenance proposal previously provided by EEOM covering key areas of the project's mobilization and operating requirements.
"EthosEnergy O&M brings the type of power-generation experience we believe will be important as we work toward bringing the Lufkin facility into operation," said Austen Lambrecht, CEO of 1606 Corp. "We have spent considerable time evaluating the operational requirements of the plant, and executing this LOI gives us a clear path toward having an experienced organization in place to operate and maintain the facility following a successful acquisition."
Lambrecht continued, "This is another important piece of the Lufkin Data Center project moving into place. As we work toward closing the acquisition, we want to have the operating plan, personnel strategy and recommissioning pathway developed so that we are positioned to move efficiently following closing."
The LOI is generally non-binding and does not obligate either party to enter into a definitive OMA. Completion of any definitive agreement remains subject to further negotiation and the successful completion of 1606's acquisition of the Lufkin project.
