12:43:26 EDT Sat 18 May 2024
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Badger Infrastructure Solutions Ltd
Symbol BDGI
Shares Issued 34,473,438
Close 2023-09-28 C$ 34.24
Market Cap C$ 1,180,370,517
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Badger to provide excavating services with McKay Metis

2023-09-28 18:31 ET - News Release

Mr. Robert Blackadar reports

BADGER INFRASTRUCTURE SOLUTIONS AND MCKAY METIS GROUP ANNOUNCE NEW PARTNERSHIP

Badger Infrastructure Solutions Ltd. has entered into a limited partnership with McKay Metis Group (MMG) for the purposes of providing non-destructive excavating and related services within MMG's traditional territory in the regional municipality of Wood Buffalo in northeastern Alberta. The collaborative entity will conduct business as McKay Badger Infrastructure Solutions LP (MBIS LP).

Crystal Young, President & Chief Executive Officer of MMG, commented, "In Badger, we see a like-minded partner that is aligned with our commitment to excellence, innovation and the well-being of the Fort McKay Metis community. Together as McKay Badger Infrastructure Solutions Limited Partnership, we're not just creating a service, but forging a path for sustainable socio-economic prosperity." Robert Blackadar, President & Chief Executive Officer of Badger, commented, "This strategic partnership, established on mutual respect and benefit, aims to bring value to all stakeholders - customers, partners (including the Fort McKay Metis Nation), employees, shareholders, and the Wood Buffalo community. McKay Metis Group has a proven track record of success, and I'm confident that our collaboration holds the potential for both economic growth and broader community prosperity."

About McKay Metis Group:

McKay Metis Group is a social enterprise owned by the Fort McKay Metis Nation. MMG specializes in services such as fuel and lube distribution, civil construction, security, all season road maintenance, aggregate supply and crushing, materials & consumables, crane services, industrial and specialty chemicals, aerial survey solutions, and more.

MMG's profits are used to help provide Fort McKay Metis Nation members access to affordable housing, education, elders and youth services, economic development, infrastructure and to defend the constitutional rights of the Fort McKay Metis members.

About Badger Infrastructure Solutions Ltd.

Badger Infrastructure Solutions Ltd., through its various affiliates and subsidiaries, is North America's largest provider of non-destructive excavating services. Badger works for contractors and facility owners in a broad range of infrastructure industries and in general commercial construction. Badger's customers typically operate near high concentrations of underground power, communication, water, gas and sewer lines, where safety and economic risks are high and where non-destructive excavation provides a safe alternative for certain customer excavation requirements.

The Company's key technology is the Badger Hydrovac(TM), which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquify the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. To complement the Badger Hydrovac, the Company introduced the Badger Airvac(TM)1, in late 2021. The Badger Airvac is also used for safe excavation but utilizes compressed air instead of water to loosen the cover soil before vacuuming and depositing excavation materials into a storage tank. Badger is unique in the non-destructive excavation industry because it designs and manufactures all of its hydrovac and airvac units at its plant in Red Deer, Alberta, which has an annual production capacity of more than 350 hydrovac and airvac units.

1 Badger Airvac is a registered trademark in Canada. The trademark is currently "pending" in the United States.

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