Overview
- Designs, installs and maintains industrial and commercial electrical infrastructure
- Wide service offering includes:
→ directional drilling
→ installation
→ maintenance
→ service contracts
- Certified, pre-qualified contractor in 2 states
- Recurring revenue from municipal & state infrastructure contracts
Future Story
→ Capture existing business opportunities by adding personnel to expand capacity
→ Expand geographical presence into neighboring states
→ Bring sub-contracted work in-house to enhance profit
Sustainability
→ Holds 100% of the Intelligent Transport Systems (ITS) and lighting contracts for state where it is headquartered
→ US$24 million backlog for 2021 and US$8 million backlog for 2022
→ 50% of contracts are with state governments
Defensibility
→ Auto-renewing contracts
→ 99% renewal rate