Pernix Federal, LLC Awarded New Consulate Compound Project in Lagos, Nigeria Lombard, IL - October 5, 2021 - Pernix Group, Inc., announced the award of a $319m contract to Pernix Federal, LLC (a wholly owned subsidiary) to construct the new U.S. Consulate Compound in Lagos,...
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Pernix Group Awarded New Office Annex Project in Kampala, Uganda LOMBARD, IL - October 19, 2017 - Pernix Group, Inc. announced the award of a $138 million contract to Pernix Group to construct the New Office Annex in Kampala, Uganda. The work will be performed for the U.S. Department of State, Bureau of Overseas Building Operations and includes the construction and commissioning of a new office annex, main, consular, and access facilities, a new support annex for facility maintenance and...
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Pernix Continues to Grow in Guam with New Awards LOMBARD, IL — November 11, 2016 — Pernix Group, Inc. announced the award of two new projects recently awarded to its wholly owned subsidiary, Pernix Guam LLC. The $26.4 million dollar contract with the Naval Facilities Engineering Command (NAVFAC) for the low observable/corrosion control/composite repair shop was awarded on September 30, 2016. This contract is for the work to provide environmentally controlled areas for...
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Pernix Group, Inc. Appoints M. Scott Kroll to New Role at Pernix Guam LLC LOMBARD, IL — November 11, 2016 — Pernix Guam LLC, a wholly owned subsidiary of Pernix Group, Inc. announces the appointment of Mr. M. Scott Kroll as its Vice President of Operations – Pacific Division and General Manager overseeing the Pernix Guam operations. Scott joined Pernix Group one year ago as a Sr. Project Manager. He brings more than 30 years’ of leadership experience in the construction industry...
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Pernix Group, Inc. Announces Second Quarter 2016 Financial Results LOMBARD, IL — August 9, 2016 — Pernix Group, Inc. (OTCQB: PRXG) today announced its financial results for the quarter ended June 30, 2016. Financial Review The Company is very excited about its transformation and diversification in conjunction with our recent acquisitions. These acquisitions have diversified our customer base, strengthened our DOS and commercial businesses including our work in the Pacific Rim...
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Pernix Group, Inc. Announces First Quarter 2016 Financial Results LOMBARD, IL — May 13, 2016 — Pernix Group, Inc. (OTCQB: PRXG) today announced its financial results for the quarter ended March 31, 2016. Financial Review The Company is very excited about its transformation and diversification in conjunction with our recent acquisitions. These diversify our customer base, strengthen our DOS and commercial businesses including our work in the Pacific Rim region, which positions us...
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Pernix Group’s Subsidiary, Pernix PNG Ltd., Purchases Basic Industries (PNG) Ltd. We want to bring cutting edge technology, create employment for the people of Papua New Guinea and contribute to its economy through local partnership and participation. – Nidal Z. Zayed, President & CEO LOMBARD, IL — April 01, 2016 — Pernix Group, Inc. (OTCQB: PRXG) announced today that its subsidiary, Pernix PNG Ltd., has purchased Basic Industries (PNG) Ltd. from Fijian Holdings Limited...
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Pernix Group, Inc. Announces Annual 2015 Financial Results LOMBARD, IL — March 29, 2016 — Pernix Group, Inc. (OTCQB: PRXG) today announced its financial results for the year- ended December 31, 2015. Financial Review The Company is very excited about the BEK Building Group & dck acquisitions in 2015 as it expands the Pernix platform with an increase of valuable resources. The acquisitions have broadened our geographic footprint, end market coverage and service line offerings....
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Category 5 Cyclone Winston Hits Fiji & Pernix (Fiji) Limited Prevails In the wake of the category 5 Tropical Cyclone Winston, which made landfall in Fiji on Saturday 20 February 2016, the reports of the destruction left behind are continuing to surface. While there is widespread damage throughout Fiji - there will be many people looking for roof replacement (more info here) and similar services as houses and other buildings were ravaged by the storm - and the number of people dead or...
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BE&K Building Group, A Pernix Group Company, Begins Construction on Falls Park Place, Upscale Mixed-Use Development LOMBARD, IL - February 3, 2016 - Pernix Group, Inc.'s (OTCQB: PRXG) subsidiary, BE&K Building Group, has been awarded a contract by Hughes Investments to construct Falls Park Place, a seven-story mixed-use development sited at the corner of Main Street and Falls Park Drive in downtown Greenville, South Carolina. Scheduled for completion this summer, BE&K Building Group's...
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Pernix (Fiji) Limited Operation and Maintenance Agreement with Fiji Electric Authority for Kinoya and Vuda Power Plants Extended LOMBARD, IL — January 21, 2016 — Pernix Group, Inc.’s (OTCQB: PRXG) subsidiary, Pernix (Fiji) Limited, announced the award of a thirteen (13) year Fiji Electric Authority (FEA) operations and maintenance (O&M) contract at the recently completed 36-megawatt Kinoya expansion plant in Suva, Fiji. Construction of the plant was completed by Pernix (Fiji)...
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LOMBARD, IL — December 17, 2015 — Pernix Group, Inc. (OTCQB: PRXG), a construction company recognized by Engineering News-Record for being one of the Top 50 American Contractors working abroad for the last four years in a row, today announced the $9.9 million dollar award to Pernix Group in joint venture with MAP projects for the Electric Power Corporation contract for the Engineering, Procurement and Construction for the Rehabilitation of Samasoni, Fale ole Fee and Alaoa Small Hydro...
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Pernix Group, Inc. Announces Third Quarter 2015 Financial Results LOMBARD, IL — November 6, 2015 — Pernix Group, Inc. (OTCQB: PRXG) today announced its financial results for the third quarter ended September 30, 2015. Financial Review The Company is very excited about the impact of recent acquisitions on the overall Pernix platform in terms of increased diversification and critical mass. The acquisitions have broadened our geographic footprint, end market coverage and service...
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LOMBARD, IL - November 6, 2015 - Pernix Group, Inc. (OTCQB: PRXG), a construction company recognized by Engineering News-Record for being one of the Top 50 American Contractors working abroad for the last four years in a row, today announced that the Office Building Compound Rehabilitation Project at the U.S. Embassy in Niamey, Niger is working towards Final Acceptance after successfully reaching Final Completion on September 30, 2015. The Pernix Niamey Team will leave behind a fully...
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LOMBARD, IL - October 30, 2015 - Pernix Group, Inc. (OTCQB: PRXG) proudly announces Ed Strickland as the Director of Power Asset Management. Mr. Strickland is responsible for asset management leadership to Pernix's operating power projects in the Pacific Rim and supports the development of our Power O&M services business. Mr. Nidal Zayed, President and CEO stated, "Ed's experience and drive is a tremendous benefit to the Pernix Team and I'm looking forward to seeing his work strengthen our...
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LOMBARD, IL - October 21, 2015 - Pernix Group, Inc.'s (OTCQB: PRXG) subsidiary, BE&K Building Group, announced construction completion of a new facility for Bell Helicopter in Lafayette, Louisiana. Bell Helicopter will use the facility to assemble and deliver its newest commercial helicopter, the eagerly-awaited Bell 505 Jet Ranger X. The new 82,300-square-foot hangar facility was built on a 14.5-acre site, and incorporated material that was of the highest quality, like gypsum concrete...
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Pernix Group Expands its Pacific Rim Operations to Papua New Guinea LOMBARD, IL — September 30, 2015 — Pernix Group, Inc. (OTCQB: PRXG), a construction company recognized by Engineering News Record for being one of the Top 50 American Contractors working abroad for the last four years in a row, announced their new subsidiary company in Papua New Guinea, Pernix (PNG) Limited. The establishment of Pernix (PNG) Limited is another step Pernix Group is taking to strengthen their presence...
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Pernix Appoints Abhyash Chand as Chief Financial Officer of Pernix Pacific LOMBARD, IL — September 29, 2015 — Pernix Group, Inc. (OTCQB: PRXG) proudly announces Abhyash Chand as the Chief Financial Officer of Pernix Pacific. Mr. Chand has been with Pernix since 2006, where he started as the Regional Financial Controller for Pernix Fiji Limited. In his new role, he will be responsible to provide the financial leadership for Pernix’s subsidiary companies in the Pacific Rim and enhance...
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LOMBARD, IL — September 22, 2015 — Pernix Group, Inc. (OTCQB: PRXG) proudly announces the appointment of Peter Allen as the President of Pernix Pacific. Mr. Allen has been with Pernix since 2010 and has 33 years of extensive experience in energy, engineering, construction and operations. As President of Pernix Pacific, Mr. Allen is responsible for our Pacific region construction and power operations. Mr. Allen’s project expertise includes US Embassy compounds, high-rise buildings,...
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LOMBARD, IL — September 18, 2015 — Pernix Group, Inc. (OTCQB: PRXG), a construction company recognized by Engineering News Record for being one of the Top 50 American Contractors working abroad for the last four years in a row, today announced that it has been awarded $81.6 million dollar contract for the U.S. Embassy Berlin - Clay Allee Campus, including major renovations, campus security upgrade, and Marine Security Guard Quarters (MSGQ) fit-out project. The site was originally...
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LOMBARD, IL — September 15, 2015 — Pernix Group, Inc. (OTCQB: PRXG) proudly announces the appointment of Edward McSweeney to the President of Pernix Federal position. Mr. McSweeney joined Pernix one year ago as Project Director. He brings over 30 years of experience in executive leadership, construction operations, project controls and strategic business growth, with a primary focus on U.S. Federal Government contracting work. Prior to joining Pernix, Mr. McSweeney held executive...
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LOMBARD, IL — September 11, 2015 — Pernix Group, Inc. (OTCQB: PRXG) proudly announces the recent appointment of Mr. Grant G. McCullagh as Executive Vice President. He joined Pernix in 2014 as a Senior Advisor to the CEO, and has since played a major role in Pernix’s strategic growth. Mr. McCullagh led the Pernix team responsible for the KBR Building Group (now known as BE&K Building Group) acquisition and brought the transaction to a resounding successful close. He was also...
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Pernix Group, Inc. Announces Second Quarter 2015 Financial Results LOMBARD, IL - August 7, 2015 - Pernix Group, Inc. (OTCQB: PRXG) today announced its financial results for the second quarter ended June 30, 2015. During this quarter the Company acquired KBR Building Group, now known as BE&K Building Group LLC (BEK BG) on June 30th, 2015, and certain assets of dck Pacific Guam, LLC and dck-ecc Pacific Guam, LLC Joint Venture on June 15th, 2015. The acquisitions included backlog of $174.9...
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LOMBARD, IL - July 7, 2015 - Pernix Group, Inc. (OTCQB: PRXG), a construction company recognized by Engineering News Record for being one of the Top 50 American Contractors working abroad for the last four years in a row, today announced that its acquisition of the KBR Building Group completed financial close on June 30, 2015. Our investment of $28.0 million, which included a $22.9 million purchase price and cash for working capital, was financed 100% by equity. KBR Building Group will...
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LOMBARD, IL - June 15, 2015 - Pernix Group, Inc. (OTCQB: PRXG), a construction company recognized by Engineering News Record for being one of the Top 50 American Contractors working abroad for the last four years in a row, today announced that it has closed on an agreement to acquire through a wholly owned subsidiary certain assets of dck pacific guam, LLC that will complement Pernix's expanding Pacific operations. The acquisition also includes the acquisition of dck worldwide, LLC's 55%...
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LOMBARD, IL — June 10, 2015 — Pernix Group, Inc. (OTCQB: PRXG), a construction company recognized by Engineering News Record for being one of the Top 50 American Contractors working abroad for the last four years in a row, today announced that it has entered into a purchase agreement to acquire KBR Building Group. This acquisition will expand Pernix’s commercial domestic operations and grow its international business. Conceptualizing a building project can be a long journey but a...
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Pernix Group, Inc. Announces First Quarter 2015 Financial Results Results Reflect Improved Backlog and Revenue Diversification LOMBARD, IL — May 8, 2015 — Pernix Group, Inc. (OTCQB: PRXG) today announced its financial results for the first quarter ended March 31, 2015. Financial Highlights — All figures are in U.S. dollars; comparisons of performance are made between Q1 2015 and Q1 2014 unless otherwise specified. Revenue and Backlog Total revenue of $10.6...
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Pernix Group, Inc. Announces Annual 2014 Financial Results Results Reflect Improved Gross Margin, Cash Flow, Backlog and Revenue Diversification LOMBARD, IL - March 20, 2015 - Pernix Group, Inc. (OTCQB: PRXG) today announced its financial results for the years ended December 31, 2014 and 2013. Financial Highlights - All figures are in U.S. dollars; comparisons of performance are made between 2014 and 2013 unless otherwise specified. Revenue and Backlog Total revenue of $85.3...
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Vanuatu was hit by a Category 5 Cyclone. Some reports state that this is the second strongest cyclone to ever make landfall. Pernix’s utility in Espiritu Santo, Vanuatu Utilities and infrastructure (VUI), was hit but did not take a direct hit from the cyclone. VUI was able to maintain power throughout the storm to a majority of its customers. However, two of its feeders were shutdown from multiple tree falls. VUI crews worked throughout the night during the storm to answer trouble...
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LOMBARD, IL — January 22, 2015 — Pernix Group, Inc. (OTCQB: PRXG) today announced the award of an $11.6 million dollar contract to its joint venture, Pernix Kaseman Joint Venture, to construct a 4,600 square foot security facility communication center special area, including administrative offices. The work will be performed for the U.S. Army Corps of Engineers Far East District at USAG Humphreys in South Korea. “This is a very strategic win for our team, and we are pleased to...
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PERNIX (FIJI) LIMITED – January 1, 2015 – The Kinoya Power Plant 35 MW Expansion Project and was recently awarded the new 11/33kV Substation contract from Fiji Electric Authority. After a close evaluation of this project and Pernix’s future plans to develop in the Pacific Rim, an organizational restructure of Pernix (Fiji) Limited was necessary to ensure that the current operation, future perspectives and success will be supported with defined roles and responsibilities of the...
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Results Reflect Improved Gross Margin, Cash Flow, Backlog and Revenue Diversification LOMBARD, IL — November 19, 2014 — Pernix Group, Inc. (OTCQB: PRXG) today announced its financial results for the third quarter ended September 30, 2014. Financial Highlights — All figures are in U.S. dollars; comparisons of performance are made between Q3 2014 and Q3 2013 unless otherwise specified. Revenue and Backlog Total revenue of $19.2 million Construction revenue of $17.2...
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Pernix Group, Inc. Announces Second Quarter 2014 Financial Results Results Reflect Improved Gross Margin, Cash Flow, Backlog and Revenue Diversification LOMBARD, IL – August 18, 2014 – Pernix Group, Inc. (OTCQB: PRXG) today announced its financial results for the second quarter ended June 30, 2014. Financial Highlights – All figures are in U.S. dollars; comparisons of performance are made between Q2 2014 and Q2 2013 unless otherwise specified. Revenue and Backlog Total...
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LOMBARD, IL – May 19, 2014 – Pernix Group, Inc. (OTCQB: PRXG) today announced its financial results for the first quarter ended March 31, 2014. The Company generated consolidated revenue in the first quarter of 2014 of $15.0 million, as compared to $17.2 million in the comparable period of 2013. Construction segment revenue declined from $16.1 million to $13.6 million, due primarily to achieving substantial completion of the Company’s Sather project in Baghdad in February, although...
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LOMBARD, IL – April 1, 2014 – Pernix Group, Inc. (OTCQB: PRXG) announced its financial results today for the fiscal year ended December 31, 2013. Pernix Group reported the second highest revenue in its history, with consolidated revenue from continuing operations of $73.8 million in 2013, as compared to $120.0 million in 2012. The decrease in revenue was primarily attributable to the successful completion or wind down of two large construction projects for the US government. The decrease...
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LOMBARD, IL – March 18, 2014 – Pernix Group, Inc. (OTCQB:PRXG) announced today that the Company's wholly owned subsidiary, Pernix (Fiji) Ltd., has been awarded a US$29 million contract by the Fiji Electricity Authority (FEA) to build a new 36 MW Power Plant adjacent to the Kinoya Power Station in Suva, Republic of Fiji. The contract scope includes the design, construction, installation and commissioning of a power house consisting of four (4) Heavy Fuel Oil power generating sets with...
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LOMBARD, IL – January 13, 2014 – Pernix Group, Inc. (OTCQB: PRXG) today announced that it has significantly strengthened its balance sheet through the issuance of $5 million of new Series A Cumulative Convertible Preferred Stock and the repayment of approximately $2.3 million of debt. As a result of this recapitalization, the Company has additional liquidity to support its growth initiatives and has no debt outstanding. The preferred stock was issued to Pernix Group's two largest...
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LOMBARD, IL – January 7, 2014 – Pernix Group, Inc. (OTCQB: PRXG), a global construction and power infrastructure company, has named Don J. Gunther as Chairman of the Board pursuant to the recent retirement of Ralph Beck. The Company also announced the appointment of C. Robert Campbell to the Board of Directors. The appointment maintains the number of board members at seven, six of whom are considered independent. Mr. Gunther will also assume the chairmanship of the Compensation Committee...
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LOMBARD, IL – November 22, 2013 – Pernix Group, Inc. (OTCBB: PRXG) today announced its financial results for the third quarter ended September 30, 2013. The Company generated consolidated revenue from continuing operations in the third quarter of 2013 of $21.4 million, as compared to $34.7 million in the comparable period of 2012. The reduction was primarily attributable to the completion of a large construction project in late 2012, coupled with lower activity on another project nearing...
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LOMBARD, ILLINOIS – October 18, 2013 – Pernix Group, Inc. (OTCBB:PRXG) announced today that the Company’s joint venture, Pernix Serka Joint Venture (PS JV), has been awarded a $10.8 million contract by the U.S. Department of State Bureau of Overseas Buildings Operations (OBO) for the Rainwater Capture and Storage System at the U.S. Embassy in Freetown, Sierra Leone. The project includes site improvements, rainwater capture and storage systems, conveyance infrastructure, and water...
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LOMBARD, IL – August 15, 2013 – Pernix Group, Inc. (OTCBB: PRXG) today announced its financial results for the second quarter ended June 30, 2013. The Company generated consolidated revenue from continuing operations in the second quarter of 2013 of $17.7 million, as compared to $23.9 million in the comparable period of 2012. While revenue was lower, the Company experienced significant improvement in gross profit and net income, reflecting improved results in the power generation segment...
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LOMBARD, ILLINOIS – June 18, 2013 – Pernix Group, Inc. (OTCBB:PRXG) announced today that the Company’s joint venture, Pernix Serka Joint Venture (PS JV), has been awarded a $6.5 million sole-source task order by the U.S. Department of State Bureau of Overseas Buildings Operations (OBO) for the Design-Build Services FY13 Interagency Security Assessment Team (ISAT) Security Upgrades Project at the U.S. Embassy in Baku, Azerbaijan. Nidal Z. Zayed, CEO of Pernix Group, stated that, “We...
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LOMBARD, IL - June 7, 2013 - Pernix Group, Inc. (OTCBB:PRXG) was recognized for the second year in a row by Engineering News - Record (ENR) Magazine, a leading publication for the engineering and construction industry, as one of the top 50 U.S.-based contractors working abroad (as measured by revenue from construction projects outside of the US). Ranked at No. 38 for 2013 with $115 million of revenue, Pernix moved up nine places from 2012, when it recorded $49 million of revenue. Additionally,...
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LOMBARD, IL – May 16, 2013 – Pernix Group, Inc. (OTCBB: PRXG) today announced its financial results for the first quarter ended March 31, 2013. The Company generated consolidated revenue from continuing operations in the first quarter of 2013 of $17.2 million, as compared to $36.6 million in the comparable period of 2012. The decline in revenue was attributable to temporary slowdowns in construction activities under the Company’s various contracts with the US government; revenue...
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LOMBARD, IL – April 1, 2013 – Pernix Group, Inc. (OTCBB: PRXG) announced its financial results today for the fiscal year ended December 31, 2012. Pernix Group more than doubled its consolidated revenue from continuing operations, generating $120.0 million of consolidated revenue in 2012, as compared to $58.0 million in 2011. The substantial increase in revenue was attributable to construction activities under the company’s various contracts with the US government. The increase in...
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Lombard, Illinois – February 15, 2013 – Pernix Group, Inc. (OTCBB: PRXG) announced today that the company has been awarded a mandate to install a new 33 KV underground transmission cable by the Solomon Islands Electricity Authority (SIEA). The new cable will connect the Lungga Power Station to the Ranadi Zone sub-station, covering a distance of approximately four kilometers. The scope of the project includes all civil works, 33 KV high voltage cable and fiber optic cable design and supply,...
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LOMBARD, IL – December 17, 2012 – Pernix Group, Inc. (OTCBB: PRXG), a global construction and power infrastructure company with integrated design and engineering capability, has appointed Don J. Gunther to its Board of Directors to fill the vacancy created by the recent resignation of Jeffrey Adams. The appointment brings the number of board members to seven, six of whom are considered independent. Mr. Gunther will also fill Mr. Adams' vacancy on the Compensation Committee of the Board of...
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LOMBARD, IL – October 10, 2012 – Pernix Group, Inc. (OTCBB: PRXG), a global construction and power infrastructure company with integrated design and engineering capability, has hired Dian Griesel Inc. (DGI) to serve as its investor relations and public relations agency. DGI’s investor relations team will target portfolio managers, analysts and the retail community to increase investor awareness of Pernix Group’s diversified general contracting, design/build and power generation...
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Lombard, IL - August 16, 2012 - Pernix Group, Inc. (OTCBB:PRXG) announced today that its company information will be made available via S&P Capital IQ’s Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of S&P Capital IQ’s MarketScope Advisor. The company information to be made available through this program includes share price, volume, dividends, shares...
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Lombard, Illinois – August 6, 2012 – Pernix Group, Inc. (OTCBB:PRXG) announced today that the U.S. Department of State recently issued a full Notice to Proceed for the U.S. Embassy rehabilitation project in Niamey, Niger with an estimated value of $26.3 million. Received on July 10, 2012, the full Notice to Proceed from the U.S. Department of State Overseas Buildings Operations (OBO) enables full-scale on-site execution to bring this mission-critical project to an on-time and on-budget...
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JULY 23, 2012 - Pernix Group, Inc. (OTCBB:PRXG), was recognized by Engineering News-Record (ENR) Magazine, a leading publication for the engineering and construction industry, as one of the top 50 contractors working abroad; ranked at No. 47 for 2012 with $49 million of revenue. Whilst many contractors in the industry need the help of consultancy firms like sgi, theyhas managed to stand out on its own. Pernix Group President & CEO Nidal Zayed said: "Our ability to break into this...
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PERNIX GROUP, INC. ANNOUNCES THAT PERNIX-SERKA JV HAS BEEN AWARDED A $95-$115 MILLION CONTRACT BY THE U.S. DEPARTMENT OF STATE Lombard, Illinois – February 21, 2012 – Pernix Group, Inc. announced today that the U.S. Department of State (“DOS”) awarded the Company’s joint venture with Serka Insaat VeTicaret A.S., Pernix-Serka JV (“Pernix-Serka”), with a re-procurement contract having an estimated value of between $95 and $115 million for design and construction services work...
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Lombard, Illinois — January 5, 2012 — Pernix Group, Inc. (OTCBB: PRXG) announced today that Gregg Pollack and Scott Finch have both recently joined the management team of Pernix as Chief Financial Officer & Vice President — Administration and Vice President - Finance & Corporate Strategy, respectively. With Mr. Pollack’s arrival, Nidal Zayed, Chief Executive Officer of Pernix, will no longer be serving as Interim CFO of the company. Mr. Pollack was most recently CEO of...
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Lombard, Illinois – April 26, 2011 – Pernix Group, Inc. an international company specializing in the construction, power generation and RF Transmitter markets announced today that its Joint Venture with Ledcor Construction, Inc. and Serka Insaat VeTicaret A.S. (PLS JV) received an award from the U.S. Department of State. Pernix Group is the majority stakeholder in PLS JV which had been awarded a multi-billion dollar Indefinite Delivery/Indefinite Quantity (IDIQ) contract for design,...
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Lombard, Illinois – December 14, 2010 – Pernix Group, Inc. an international company specializing in the construction, power generation and broadcast equipment manufacturing markets, announced today that it has entered into a Memorandum of Understanding (“MOU”) with the Government of Vanuatu. The MOU is for Pernix Group to operate and manage the power grid in Luganville and the surrounding area on the island of Espiritu Santo. The MOU is a temporary agreement that allows Pernix Group to...
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Lombard, Illinois – February 9, 2010 – Pernix Group, Inc. (Pink Sheets: PRXG), an international company specializing in the construction, power generation and broadcast equipment manufacturing markets, announced today that it has selected Dresner Corporate Services, Inc., a strategic communications agency, to develop and implement a comprehensive investor relations and communications program. The goal of the program is to increase the visibility of the Company's growth strategy...
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Lombard, Illinois – January 5, 2010 – Pernix Group, Inc. an international company specializing in the construction and power generation markets announced today that it has acquired 54.4% of the outstanding shares of TransRadio SenderSysteme Berlin AG, a company which specializes in the research, development, design and manufacture of AM, VHF/FM and DRM broadcasting systems. The acquisition was officially executed on December 28, 2009. TransRadio delivers customer tailored solutions...
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LOMBARD, Ill.-- (BUSINESS WIRE)--Telesource International, Inc. an international company specializing in the construction and power generation markets announced today that it has changed its name to Pernix Group, Inc. On July 31, 2009, the Board of Directors unanimously recommended to the company’s shareholders the change of name to Pernix Group Inc. Stockholders representing 84.9% of the voting common stockholders then approved and authorized the name change. The name change was...
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The Secretary of State’s Award for Corporate Excellence (ACE) is awarded to one or more U.S. firms, that operate internationally, who have a proven record for advancing best practices, have good corporate governance and democratic values overseas. Ambassadors from around the globe make these nominations. Bob Hormats, Under Secretary for Economic, Energy and agricultural Affairs with the U.S. Department of State refers to the 42 nominees of 2009, saying “[That] each of these companies has...
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Safety Achievement at New American Embassy Site: 1 million man-hours without disabling injury. Local and overseas contractors and workers at the new American Embassy complex site in Tamavua, Suva are celebrating a truly remarkable achievement, after reaching a million work hours without any disabling injury. This has also meant zero delays in the project through injury related incidents or stoppages. The US Department of State’s Bureau of Overseas Buildings Operations (OBO), which is...
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