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Enterprise Group Inc (2)
Symbol E
Shares Issued 50,965,874
Close 2023-01-11 C$ 0.39
Market Cap C$ 19,876,691
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Enterprise to provide power systems to oil producer

2023-01-12 11:43 ET - News Release

Mr. Leonard Jaroszuk reports

ENTERPRISE GROUP ANNOUNCES ADDITION OF NEW CLIENT

Enterprise Group Inc. has added a Canada-based oil and gas producer as a client. This new business was secured by Enterprise's Evolution Power Projects (EPP) division.

With a market cap of nearly $1-billion, the client is known to acquire assets with exploitation potential and, at the same time, implement a full-cycle exploration program. Enterprise will provide natural gas power generation systems that will enhance the company's operational activities that serve to comply with all environmental regulatory standards and requirements.

The client has demonstrated a solid history of ensuring that all reasonable care is employed to minimize and eliminate any negative environmental consequences and that there is a high standard of awareness and commitment to promoting environmental stewardship.

The organization strives to minimize its environmental footprint and ensure its ecological goals to maintain and enhance the environmental quality of life for future generations.

Evolution Power Projects is reinventing the way mobile power is provided on-site. The targeted approach is in the interest of developing efficiencies, streamlining rental management, supporting critical service and promoting natural gas alternatives.

EPP's concept to completion approach assists customers in evaluating their overall power demand; it offers innovative, low-carbon and environmentally responsible options.

Heather Johnson, chief executive officer of EPP, states: "We will continue to be early adopters of clean technology and industry innovation. We deliver value to our customers through emission reduction technology and support their ESG [environmental, social and governance] initiatives. Natural gas electrification is the future of energy evolution. Cleaner, quieter, safer and, most importantly, measurable."

Today's client announcement continues the Enterprise's historic tradition of consistently growing its significant and varied client base.

About Enterprise Group Inc.

Enterprise Group is a consolidator of services-including specialized equipment rental to the energy/resource sector. The company works with particular emphasis on systems and technologies that mitigate reduce or eliminate CO2 (carbon dioxide) and greenhouse gas emissions for itself and its clients. The company is well known to local Tier 1 and international resource companies with operations in Western Canada.

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