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NASDAQ:OEG

Orbital Energy Group

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Market:
NASDAQ
Market Cap:
$39.85 m
Price
1.31 USD
Change
0.00%
52 weeks high
2.25
52 weeks low
0.45

Orbital Energy Group, Inc. (Nasdaq: OEG), formerly known as CUI Global, Inc., is creating a diversified energy services platform through the acquisition and development of innovative companies. Orbital Energy's group of businesses includes: Orbital Gas Systems, Orbital Power Services and Orbital Solar Services, Orbital Gas Systems is a 30-year leader in innovative gas solutions, serving the energy, power and processing markets through the design, installation and commissioning of industrial gas sampling, measurement and delivery systems. Orbital Power Services provides engineering, construction, maintenance and emergency response solutions to the power, utilities and midstream markets. Orbital Solar Services provides engineering, procurement and construction ("EPC") expertise in the renewable energy industry and established relationships with solar developers and panel manufacturers in the utility scale solar market. As a publicly traded company, Orbital Energy is dedicated to maximizing shareholder value. But most important, our commitment to conduct business with a high level of integrity, respect, and philanthropic dedication allows the organization to make a difference in the lives of their customers, employees, investors and global community.

Orbital Gas Systems

Leading the Pursuit of Energy Services

Orbital Gas Systems (Orbital), an Orbital Energy Group company, is the leader in innovative gas solutions, with more than 30 years of experience in design, installation and the commissioning of industrial gas sampling, measurement and delivery systems. Operating globally within energy, power and processing markets, Orbital manufactures and delivers a broad range of technologies including environmental monitoring, gas metering, process control, telemetry, gas sampling and renewables.

 

Orbital Power Services

- Powering Multiple Industries

Orbital Power Services is a full-service building, maintenance and support provider to the electrical power, midstream oil and gas, and emergency response sectors of North America.

Based in Dallas, Texas, Orbital Power Services is an essential provider in the power and utilities industry with more than 50 years of in-field experience; and is a subsidiary of Orbital Energy Group, a well-known and respected leader in the Energy sector. 

 

Orbital Solar Services

- Orbital Solar Services

Orbital Solar Services, an Orbital Energy Group company, led by subsidiary Reach Construction Group, is a leader in delivering quality construction and project management services. We serve a wide variety of project types, including commercial; substation; solar farms; and public utility projects. Our team of experienced professionals draw upon a wealth of knowledge and field expertise, bringing reliable, detail-oriented services together under one roof.

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US

Board of Directors

JAMES F. O'NEIL III

Chief Executive Officer, Vice Chairman of the Board of Directors, and Director of Orbital Energy Group, Inc. and Subsidiaries

Jim O'Neil, a veteran executive of the power industry, earned a B.S. in Civil Engineering from Tulane University in 1980. Mr. O’Neil joined Quanta Services, Inc. in 1999 as Vice President of Operations Integration and in 2002 advanced to Senior Vice President of Operations Integration & Audit. He continued to advance to Chief Operating Officer from October 2008 to 2011, then as the Chief Executive Officer from May 19, 2011 to March 14, 2016 and President from October 2008 to March 14, 2016. Throughout his tenure at Quanta, he was responsible for various initiatives including the company’s growth strategy, internal audit, and merger and acquisition initiatives.  During 2020, Mr. O’Neil led the acquisition of Reach Construction Group by Orbital Energy Group. He currently serves on the board of Hennessy Capital Acquisition Corp. IV (Independent Director since February 2019), FirstEnergy Corp. (Independent Director since 2017) and NRC Group Holdings Corp. (NYSE American: NRCG) (director since 2017). From 1980 to 1999, Mr. O'Neil held various positions with Halliburton Company, lastly as Director, Global Deepwater Development. Mr. O’Neil and his wife, Tracey, are personally active and loyal financial supporters of Waller/Austin Counties, Texas non-profit programs devoted to providing scholarship funds to students who participate in the 4H Club and fair programs throughout the year.

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WILLIAM J. CLOUGH, ESQ.

Executive Chairman, Director and General Counsel of Orbital Energy Group, Inc. and Subsidiaries

William Clough has served on the board of directors since 2006. Mr. Clough was reelected at the 2019 Annual Meeting of Shareholders to serve a one-year term. During his tenure, he has led several strategic initiatives, including the Company’s acquisition of Orbital Gas Systems Limited and the Company’s natural gas technology line; the opening of Orbital Gas Systems, North America, Inc.; in addition, Mr. Clough steered the Company through its 2012, 2013, and 2017 equity raises and its listing on the Nasdaq Capital Market in 2012.  During 2020, Mr. Clough assisted in the acquisition of Reach Construction Group. Before joining the Company, Clough, an attorney, operated his own law firm for 14 years, with offices in Los Angeles, San Francisco and Honolulu. In that capacity, he successfully represented leading movie studios and media conglomerates. Mr. Clough received his Juris Doctorate, cum laude, from Hastings College of the Law in 1990. He obtained one of the largest ever non-wrongful death jury verdicts in Los Angeles County Superior Court in 2000 and successfully represented parties in multi-million-dollar cases throughout the United States. Mr. Clough is certified to practice law in state and federal courts in California, Illinois, Hawaii, and before the United States Supreme Court. Mr. Clough worked as a police officer for 16 years at the local, state, and federal level including as a Federal Air Marshall flying in Southern Europe and the Middle East. Mr. Clough serves on the board of Virtual Power Systems, Inc. for which Orbital Energy Group maintains a significant equity investment.

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C. STEPHEN COCHENNET

Director

A member of the board of directors of CUI Global since December 2017, Mr. Cochennet is a veteran of the oil and gas industry in North America and a seasoned public and private company senior executive with a broad range of strategic and operational experience. He currently serves as the CEO and President of Kansas Resource Development Company, a private oil and gas exploration company.

From 2011 to 2015, Mr. Cochennet was CEO and president of Guardian 8 Corporation, the developer and manufacturer of an Enhanced Non-Lethal defense device designed for professional security officers. From 2005 to 2010, he was chairman, president and Chief Executive Officer of EnerJex Resources, Inc., a publicly-traded oil and gas company. Prior to EnerJex Resources, Mr. Cochennet was President of CSC Group, LLC., where he supported a number of Fortune 500 corporations, international companies, and natural gas/electric utilities, as well as various start up organizations. From 1985 to 2002, he held several executive positions with UtiliCorp United Inc. (Aquila) in Kansas City, Missouri, where his responsibilities included finance, administration, operations, human resources, corporate development, natural gas/energy marketing, and managing several new startup operations. Prior to Aquila, Mr. Cochennet served six years with the Federal Reserve System managing problem and failed banking institutions primarily within the oil and gas markets.

Mr. Cochennet holds a B.A. in Finance and Economics from the University of Nebraska.

 

COREY A. LAMBRECHT

Director

Mr Lambrecht is a 20+ year public company leader with broad experience in strategic acquisitions, capital raises, up listings, new business development, pioneering consumer products, corporate licensing and interactive technology services.

Since 2007 Mr. Lambrecht has a been a member of the Board of Directors for CUI Global, Inc., serving multiple terms on the Audit Committee and has been the Charmain of the Compensation Committee. He has served as a director of ORHUB Inc (OTCQB: ORHB) since July 2016. He served as the President, COO of Infinity Resources Holdings Corporation/Earth911 from December 2009 to August 2013. During tenure, raised accretive capital and was primarily responsible creating framework for the initial investment/acquisition (50%) and final acquisition of Quest Resources by Earth911 Inc, a division of Infinity Resources (OTCBB: IRHC). Strategically guided merger with publicly traded YouChange Holdings creating over a $250MM Market Cap, that eventually rose to $400MM. From December 2011 to December 2015 he served as a Director and Member of the Compensation Committee for Guardian 8 Holdings (OTCQB: GRDH) through its wholly owned operating subsidiary, Guardian 8 Corporation, is the developer and manufacturer of the G8 Personal Defense Device. Mr. Lambrecht was a director of Carbon Credits International (OTC: CARN) from December 2011 through May 2013 beginning with its acquisition of Lifestyle Wireless. From July 2006 to December 2009, Mr. Lambrecht served as Executive Vice President/Partner of Global Alerts LLC, a leading Cause Media company comprised of the following assets Earth911.com, Pets911.com, Beaches911.com and AmberAlert.com where he additionally served as President. From March 2002 to January 2004 while Executive Vice President for Smith & Wesson Holding Corporation (now American Outdoor Brands NASDAQ: AOBC) he was responsible for licensing, advanced technologies and interactive marketing divisions. He was primarily responsible for raising the acquisition capital for the purchase of Smith & Wesson by Saf-T-Hammer (OTC: SAFH). From September 2000 to March 2002 he was the President of A For Effort, an interactive database marketing company specializing in online content (advergaming) for clients such as the National Hockey League which was acquired by Freesoftwareclub.com in 2002. Mr. Lambrecht’s prior experience also includes pre-IPO founder for Premium Cigars International (NASDAQ: PCIG) which eventually filed its IPO in August 1997 and VP Sales/Marketing for ProductExpress.com. Mr. Lambrecht also has prior operational experience for a Scottsdale, Arizona residential and commercial development company. He formerly served as Director of Sales for Leveraged Marketing Associates, the worldwide leader in licensed brand extension strategies.

Mr. Lambrecht is a Certified Director from the UCLA Anderson Graduate School of Management Accredited Directors program.

 

SEAN P. ROONEY

Director

Mr. Rooney is veteran of the financial markets and has served on the board of CUI Global since 2009. He brings over 20 years of financial management experience to the board of directors. Mr. Rooney currently is an Financial Advisor at the Pinnacle Financial Group which is part of LPL Financial, the largest independent broker dealer in the United States.

Prior to working with LPL, Mr. Rooney served as Senior Director of Investments at Oppenheimer & Co., a full service investment banking, securities and wealth management firm. He has also worked in similar capacity at Investec Ernst & Company, an international specialist bank headquartered in South Africa and the U.K.. Mr Rooney currently advises a clientele of high net worth investors, institutions and foundations. He is active member of various industry and charitable organizations.

Mr. Rooney graduated from C.W. Post University in 1993 with a Bachelors of Arts degree in Business Administration and holds Series 7 (General Securities Representative), Series 63 (Uniform Securities Law), and Series 24 (General Securities Principal) licenses.

 

SARAH TUCKER

Director

A member of the board of directors of CUI Global since October 2019, Sarah Tucker is a veteran executive for the business development, planning, engineering, procurement and construction of oil and gas projects globally. She has led projects with budgets from $5 million to over $3 billion in refining, petrochemicals, power, and offshore (both shallow and deep water) for oil and liquified natural gas in Angola, Brazil, China, India, Italy, Korea, Mexico, Nigeria, Oman, Qatar, Spain, the United Kingdom and the United States. She has served as an operations executive and managing director for major engineering, construction and petrochemical technology companies including Kellogg, KBR, Kellogg-Mitsubishi Development Company, Raytheon Engineers and Constructors, Kvaerner Engineering and Construction of Norway. Over the past several years, she has worked closely with Mexican national oil company PEMEX to establish the country’s first deep water project valued at $14 billion.

Ms. Tucker studied at the University of Kansas, Rice University and Lamar University. She is a licensed professional engineer and holds a bachelor’s degree in Civil/Structural Engineering from Lamar. She served on the Rice University Engineering and Construction Global Forum from 2008 - 2016, serving as chair from 2008 - 2010.

 

PAUL D. WHITE

Director

Paul White is a graduate of Humboldt State University and brings to the CUI Global board over 25 years of upper level business management skills. Mr. White currently serves as Vice President of the Healthcare Division for North America of a global security company. His responsibilities include direct P & L statements of $120 million, along with management, control, and supervision of approximately 3,000 employees working at 44 Medical Centers & Hospitals and over 600 Medical Office Buildings throughout the United States. He also serves as the company's subject matter expert for North America. He previously served in the Office of the General Counsel and Risk Services, as an Environmental Risk Consultant with Sutter Health Support Services – Corporate Services. His key responsibilities included: formulating best practice solutions to minimize/eliminate existing and potential employee health & safety and security exposures as well as consultations of state, federal, and professional standards for Risk Control/Environmental Health & Safety programs such as OSHA, TJC, DHS, EPA, NFPA, and DOT.

As a results-oriented business leader with achievement in developing, managing and expanding business portfolios, with expertise at senior management level in healthcare safety, security and risk management programs in complex matrix organizations, Mr. White has senior management experience in contract management, public relations, program strategy and design and has been consistently recognized for effective financial management, leadership, integrity, team-building, and program management skills.

 

Management Team

DANIEL N. FORD

Chief Financial Officer and Chief Operational Officer of Orbital Energy Group, Inc. and Subsidiaries

Daniel Ford has a background in audit with big 4 accounting firms, including KPMG. As CFO of CUI, Mr. Ford has consistently moved CUI into a position of efficiency, and forward thinking, transforming many of CUI's accounting and financial management processes while working directly with CUI’s operating groups. Mr. Ford has implemented improved ERP systems, worked in conjunction with the executive team on the 2012, 2013 and 2017 equity raises, listing onto the Nasdaq Capital Market, as well as various acquisitions including Orbital Gas Systems Ltd., the 2019 divestitures of the CUI Inc. power and electromechanical business units and the 2020 acquisition of Reach Construction Group. He serves on the board of the Portland Providence Medical Foundation whose purpose is to connect people with Providence to advance research, health care and wellness. Mr. Ford earned his B.B.A with a double major in Finance and Accounting from the University of Portland and holds an MBA from George Fox University.

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NICHOLAS J. CLOUGH

Operations and Marketing Director for Orbital Energy Group, Inc. and Subsidiaries

Nicholas J. Clough is a proven salesman with a unique and successful history in business development, marketing, project management and team building, Nicholas J. Clough began his career with CUI Global in 2010 working on investor relations. Clough quickly became involved in the development and sale of GasPT®, the company’s proprietary natural gas analyzer. Recognizing GasPT’s great market potential and a need for international distribution, Clough began moving the product into a sales network prior to CUI Global’s acquisition of Orbital in 2013. Following this acquisition, a focus on building the representative network became priority and as a result, Orbital now has more than 40 representative and distribution partners globally. Clough formalized the product division of Orbital which includes GasPT, VE Technology, BioMethane and VIRTU/IRIS.

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LOCATIONS

1924 Aldine Western
Houston, TX 77038

Cold Meece
Stone
Staffordshire
ST15 0QN
United Kingdom

SALES

United States: +1 (832) 467-1420
United Kingdom: +44 (0)1785 857000

 

Details can be found here.

Details can be found here.