Tornado Global Hydrovacs Ltd.: Red Deer Facility Update
20 October 2020 - 8:00AM
Tornado Global Hydrovacs Ltd. (“Tornado” or the “Company”) (TGH:
TSX-V) today announced that it significantly expanded its parts and
service capabilities and capacity by opening those operations at
the Company’s recently purchased Red Deer facility effective August
1, 2020. The expansion streamlined the Company’s parts distribution
process and resulted in quicker shipping times to the Company’s
customers to meet their expectations and growing needs. The changes
to the parts and service department created a one-stop-shop
experience for our customers' equipment repair needs. The Company
is working on several capital improvements at the Red Deer facility
in preparation for the planned relocation of the production
operations to the facility in 2021. These changes align with the
Company’s valued objective to continuously improve upon its
customers’ experience.
“We have seen an increase in demand and customer
appreciation since moving the parts and services department to Red
Deer. By locating in Central Alberta next to the busiest highway in
Alberta running between Calgary and Edmonton, we are able to
significantly improve customer delivery times and attract more
clients. Our world-class facility and professional employees are
now able to provide a more robust service at a convenient and
significantly expanded facility,” stated Bill Rollins, CEO of
Tornado.
The address and contact info of the Company’s
Red Deer location can be found on the Company’s website at
www.tornadotrucks.com.
About Tornado Global Hydrovacs
Ltd.
The Company designs, manufactures and services
hydrovac trucks in Canada and sells hydrovac trucks for excavation
service providers to the municipal and oil and gas markets in
Canada and the USA. Hydrovac trucks use high pressure water to
pulverize soil and turn it into mud, and then vacuum up the
resulting mud into its tank. Tornado currently operates in North
America. The Company’s Chinese subsidiary is used principally to
source certain parts for the Company’s North American manufacturing
operations.
For more information about Tornado Global
Hydrovacs Ltd., visit www.tornadotrucks.com or contact:
Bill RollinsChief Executive OfficerPhone: (403) 204-6333Email:
brollins@tghl.ca |
Al RobertsonChief Financial OfficerPhone: (403) 204-6363Email:
arobertson@tghl.ca |
Advisory
Certain statements contained in this news
release constitute forward-looking statements. These statements
relate to future events. All statements other than statements of
historical fact are forward-looking statements. The use of the
words “anticipates”, “should”, ‘‘may”, “expected”, “expects”,
“believes” and other words of a similar nature are intended to
identify forward-looking statements. Such statements include
statements with respect to: (i) the customers’ growing needs; (ii)
the planned relocation of the production operations to the Red Deer
facility in 2021; and (iii) the ability of the Company to
significantly improve customer delivery times and attract more
clients. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements. Although Tornado believes these
statements to be reasonable, no assurance can be given that these
expectations will prove to be correct and such forward-looking
statements included in this news release should not be unduly
relied upon. Actual results could differ materially from those
anticipated in these forward-looking statements as a result of
prevailing economic conditions, and other factors, many of which
are beyond the control of Tornado. The forward-looking statements
contained in this news release represent Tornado’s expectations as
of the date hereof and are subject to change after such date.
Tornado disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new
information, future events or otherwise, except as may be required
by applicable securities regulations.
Neither the Exchange nor its Regulation
Service Provider (as that term is defined in policies of the
Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
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