Brief: Orbital Power Services Signs MSA with Midwestern Investor-Owned Utility; Expected to Increase Forward Revenues by 30%
02/12/2020 13:20
Dec 2 (Reuters) - Orbital Energy Group Inc OEG.O :
* ORBITAL POWER SERVICES SIGNS MSA WITH MIDWESTERN
INVESTOR-OWNED
UTILITY; EXPECTED TO INCREASE FORWARD REVENUES BY 30%
* ORBITAL ENERGY GROUP INC - MSA IS EXPECTED TO GENERATE
SIGNIFICANT RECURRING MONTHLY REVENUES BEGINNING IN Q4 OF 2020
* ORBITAL ENERGY GROUP INC - MSA IS EXPECTED TO INCREASE T&D
DIVISION'S REVENUES BY APPROXIMATELY 30% ON AN ANNUALIZED BASIS
Source text for Eikon: ID:nPnDy8DQa
Further company coverage: OEG.O
((Reuters.Briefs@thomsonreuters.com;))
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