News

Pernix Welcomes Ed Strickland to the Power Team

“Ed’s experience and drive is a tremendous benefit to the Pernix Team and I’m looking forward to seeing his work strengthen our business in the Pacific Rim.”

Nidal Z. Zayed, President & CEO
Pernix Group, Inc.

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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 business in the Pacific Rim.”

Mr. Strickland has held a variety of positions in, or related to, the power generation and electric utility industries. Early in his career, he held roles at Caterpillar, Inc. where he held progressive assignments within groups providing power generation services in the U.S., Latin America and Asia. Additionally, he held roles at independent power producers and at a regulated utility in the developed power markets PJM and Alberta, Canada. Mr. Strickland received an M.B.A. in Finance from the University of Chicago, Booth School of Business in 2005, and since that time, he has acquired substantial experience in the valuation and negotiation of power asset acquisitions. In his most recent role, Director of Commercial Management at Capital Power Corporation, he acted as commercial lead for the company’s Ontario wind plants and for biomass cogeneration facilities in North Carolina.

Mr. Strickland also holds a B.S. in Marine Engineering Systems from the United States Merchant Marine Academy in Kings Point, NY.

About Pernix Group, Inc.

Pernix Group, Inc. is 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. Headquartered in Lombard, Illinois, Pernix has operations in the United States, Asia, Africa, the Middle East, and the Pacific Rim. Pernix has full-scale construction and management capabilities, in three primary markets: Federal Government, Commercial & Industrial, and Power. Recently, Pernix Group expanded its domestic Commercial & Industrial operations by acquiring KBR Building Group, now known as BE&K Building Group.  Pernix also expanded its Pacific operations this year by acquiring assets of DCK Pacific Guam, now operating as Pernix Guam LLC.

Pernix Group, Inc. common stock is traded on the over-the-counter quotation board (OTCQB) under the symbol PRXG. Additional information is available at www.pernixgroup.com.

Forward-Looking Statement

Certain of the statements made in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and other factors that could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater detail in the Company’s filings with the U.S. Securities and Exchange Commission.

Contact Investor Relations:

investorrelations@pernixgroup.com