Tornado Global Hydrovacs Undergoes Major Rebranding
CALGARY, Alberta -- Tornado Global Hydrovacs Ltd. (“Tornado” or “the Company”) (TSX-V: TGH; OTCQX: TGHLF) is excited to unveil its new identity as part of a strategic initiative focused on expanding its operations into the United States. The company's rebranding aims to align its name and purpose with its expanded product offerings and commitment to the infrastructure market.
Significance of the Name Change
Starting December 18, the Company will officially change its name to Tornado Infrastructure Equipment Ltd. This change is more than just a new title; it signifies Tornado's dedication to addressing the evolving demands of the infrastructure sector. By adopting this new name, Tornado aims to enhance its communication regarding its capabilities in delivering thorough, turn-key solutions to its clients.
Importantly, shareholders can rest easy knowing that this change won't require any action on their part regarding share certificates, as the transition occurs without a share split or consolidation.
Streamlining Capital Structure
Along with the name change, Tornado has also enacted the removal of the Common Shares from its authorized capital. This strategic decision followed the Articles of Amendment filed by the Company, ensuring a streamlined capital structure without unnecessary redundancy.
Expansion into the U.S. Market
Tornado is committed to bolstering its presence within the U.S. market. This endeavor involves the creation of two wholly owned subsidiaries: Tornado Infrastructure Equipment Holdings (USA) Ltd. and Tornado Infrastructure Equipment (USA) Ltd. These new entities will serve as vital components of Tornado's growth strategy, facilitating direct engagement with American customers and paving the way for future production capabilities domestically.
Building the First U.S. Hydrovac Truck
Brett Newton, CEO of Tornado Infrastructure Equipment Ltd., shared the exciting news regarding the establishment of local manufacturing capabilities, stating that Tornado is working closely with a U.S.-based partner to develop its very first hydrovac truck in Midland, Texas. This project is expected to be completed by the year-end, representing a significant stride in Tornado’s U.S. expansion. This localized manufacturing initiative not only aims to meet the increasing demand from American clients but also strengthens Tornado’s competitive edge in the local market.
Commitment to Infrastructure Solutions
Tornado is recognized as a pioneer in the vacuum truck industry. With a history of supplying more than 1,500 hydrovacs since 2005, the Company prides itself on providing high-quality designs that cater to the specific needs of utility and oilfield professionals. Tornado's hydrovacs are engineered to use high-pressure water and vacuum technology that allows for safe excavation to expose crucial infrastructure for maintenance and installation, minimizing damage risks associated with traditional excavation methods.
Emphasizing Safety and Efficiency
The adoption of hydrovac excavation practices is rapidly becoming the standard across North America, especially in urban environments where critical infrastructure must be preserved. Tornado is committed to advancing these methods, aiming to enhance safety and efficacy in various excavation projects.
About Tornado Infrastructure Equipment Ltd.
As a leader in the vacuum truck arena, Tornado continues to innovate and expand its service offerings in central Alberta. It not only designs and manufactures state-of-the-art hydrovac trucks but also provides heavy-duty truck maintenance, ensuring customers receive comprehensive support throughout their operations.
If you're seeking additional information about Tornado Infrastructure Equipment Ltd., you can find more details on www.tornadotrucks.com.
For specific inquiries, contact:
Brett Newton
President and Chief Executive Officer
Phone: (587) 802-5070
Email: bnewton@tghl.ca
Derek Li
Vice President, Finance
Phone: (403) 204-6350
Email: dli@tghl.ca
Frequently Asked Questions
1. What is the reason behind Tornado's name change?
The name change to Tornado Infrastructure Equipment Ltd. reflects the Company’s intention to align its identity with its expanded focus on infrastructure solutions.
2. When will the name change take effect?
The official name change will take effect on December 18.
3. How does this rebranding impact shareholders?
Shareholders do not have to exchange their share certificates, and their rights remain unaffected by the rebranding.
4. What is Tornado's expansion plan in the U.S.?
Tornado has established two U.S.-based subsidiaries to strengthen its market presence and prepare for localized production capabilities.
5. What is the significance of the first U.S. hydrovac truck?
Building the first U.S. hydrovac truck marks a pivotal step in local manufacturing and responding to the growing demand from American clients.
