CALGARY, Alberta, April 03, 2018 (GLOBE NEWSWIRE) -- Tornado Global Hydrovacs Ltd. ("Tornado" or the "Company") (TSX-V:TGH) today announced that it has entered into an exclusive partnership with Custom Truck One Source (Custom Truck) located in Kansas City. The new partnership positions Custom Truck as the single distributor for Tornado products in the United States.
The Tornado ECO LITE hydrovac truck boasts many features, designed to meet the demands of today's specialized excavation industry. The specialized truck is uniquely designed to weigh less, allowing more debris to be carried while remaining compliant with road weight laws. Tornado's ECO LITE helps eliminate worries of accidents, fines and wasted time. Tornado's hydrovac product line of products are easy to maintain and have been designed to the highest safety standards.
"We are very excited about this new partnership and look forward to assisting Custom Truck with increasing their market share of hydrovac truck sales and service throughout the USA," stated Bill Rollins, CEO of Tornado. "Tornado has been manufacturing hydrovacs since 2001 and is recognized by the industry for our high quality, innovative design, simplicity of use, lack of complicated priority parts, and respected as one of the most functional trucks on the market. We will have a close working relationship with Custom Truck to ensure we service clients in a professional and prosperous manner."
"We're proud to partner with Tornado and excited about this relationship that equips us to provide a more robust and diverse offering of Tornado products and services to our customers," said Fred Ross, CEO of Custom Truck.
"We're expanding personnel by adding hydrovac specialists that will train our locations to provide exceptional service for Tornado products, as well as all OEMs," said Paul Brouwers, Custom Truck Hydro-Excavation / Vacuum Product Manager.
Custom Truck locations will also offer a wide variety of parts including dig nozzles, dig tubes, hoses and safety equipment for Tornado products. As part of the partnership, Custom Truck will increase their Tornado fleet and will offer parts and services throughout all Custom Truck locations. Customers can further capitalize on this partnership with flexible, customized leasing and financing solutions through Custom Truck Capital.
About Custom Truck One Source
Custom Truck One Source is the first true single-source provider of specialized truck and heavy equipment solutions. With sales, rentals, aftermarket parts and service, equipment customization, remanufacturing, financing solutions, and asset disposal, our team of experts, vast equipment breadth and integrated network of locations across North America offer superior service and unmatched efficiency for our customers. Learn more at customtruck.com and keep up with us on Facebook and Twitter.
About Tornado Global Hydrovacs Ltd.
The Company designs and manufactures hydrovac trucks in Canada and sells hydrovac trucks for excavation service providers to the oil and gas industry and the municipal 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 intends to expand its hydrovac business into China and has established a wholly owned operation in China with a head office in Beijing.
For more information about Tornado Global Hydrovacs Ltd., visit www.tornadotrucks.com or contact:
Bill Rollins
Chief Executive Officer
Phone: (403) 204-6333
Email:[email protected]
Al Robertson
Chief Financial Officer
Phone: (403) 204 -6363
Email:[email protected]
Advisory
The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
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
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 "may", "expected", "believes", "anticipates" and other words of a similar nature are intended to identify forward-looking statements. 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 the Company 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. Such statements include statements regarding the Company's outlook for the rest of the year and expectations on reducing production costs and anticipated effect of the Company's newly designed hydrovac truck. Actual results could differ materially from those anticipated in these forward-looking statements as a result of prevailing economic conditions, receipt of requisite regulatory approvals, and other factors, many of which are beyond the control of the Company. The forward-looking statements contained in this news release represent the Company's expectations as of the date hereof, and are subject to change after such date. The Company 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