OEG

Orbit International Reports Consolidated Bookings for the First Quarter 2024 of Approximately $12,700,000

Retrieved on: 
Thursday, April 4, 2024
SPS, Growth, VPX, Binder, OEG, Disclosure, Electronics, News, OPG, AC, Engineering, COTS, Federal

HAUPPAUGE, N.Y., April 04, 2024 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that consolidated bookings for the first quarter of 2024 were approximately $12,700,000.

Key Points: 
  • HAUPPAUGE, N.Y., April 04, 2024 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that consolidated bookings for the first quarter of 2024 were approximately $12,700,000.
  • Deliveries for these orders have already commenced and are expected to continue through the first quarter of 2026.
  • Bookings for the quarter were attributable to strong bookings from both the Company’s Electronics Group (“OEG”), which include its Simulator Products Solutions LLC (“SPS”) subsidiary, and its Power Group (“OPG”).
  • Mitchell Binder, President and CEO of Orbit International commented, “We are pleased to report a very strong start to the 2024 year with consolidated bookings for the first quarter of approximately $12,700,000.

Orbit International Electronics Group Reports Bookings for February 2024 in Excess of $2,000,000

Retrieved on: 
Wednesday, March 13, 2024
Growth, VPX, Binder, OEG, Disclosure, Electronics, News, OPG, AC, COTS, Federal

HAUPPAUGE, N.Y., March 13, 2024 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (“OEG”) reported bookings for the month of February 2024 in excess of $2,000,000.

Key Points: 
  • HAUPPAUGE, N.Y., March 13, 2024 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (“OEG”) reported bookings for the month of February 2024 in excess of $2,000,000.
  • Deliveries for the February 2024 orders have already commenced and are expected to continue through the first quarter of 2026.
  • Furthermore, the OEG reported that in March 2024 it also received an order for approximately $1,668,000 for a product used in a military aircraft program.
  • Deliveries for these awards will commence in the fourth quarter of 2024 and continue through the third quarter of 2025.

Orbit International Electronics Group Reports Bookings for January 2024 in Excess of $1,500,000

Retrieved on: 
Wednesday, February 7, 2024
Federal, AC, Growth, Electronics, News, Binder, Disclosure, OEG, COTS, SPS

HAUPPAUGE, N.Y., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (“OEG”) reported bookings for the month of January 2024 in excess of $1,500,000.

Key Points: 
  • HAUPPAUGE, N.Y., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (“OEG”) reported bookings for the month of January 2024 in excess of $1,500,000.
  • Deliveries for the January 2024 orders have already commenced and are expected to continue through the first quarter of 2026.
  • In addition, the OEG also reported that it received a more than $1.6 million order in February 2024 from a large defense contractor.
  • Deliveries for this award will commence in the fourth quarter of 2024 and continue through the third quarter of 2025.

Ryman Hospitality Properties, Inc. Postpones Investor Day due to Inclement Nashville Weather and Releases Preliminary 2023 Financial Results

Retrieved on: 
Monday, January 15, 2024
Adjustment, Income tax, GAAP, ADR, Hospitality, OEG, FFO, Security (finance)

The Company is expecting an income tax benefit between $95-$107 million in the fourth quarter, which relates primarily to the release of valuation allowances.

Key Points: 
  • The Company is expecting an income tax benefit between $95-$107 million in the fourth quarter, which relates primarily to the release of valuation allowances.
  • Same-store Hospitality segment excludes JW Marriott San Antonio Hill Country Resort & Spa (“JW Marriott Hill Country”), which was acquired June 30, 2023.
  • “Sales production finished strong in 2023, as same-store new gross definite rooms revenue booked for all future years set an all-time quarterly record in Q4 2023, an increase of 29% over Q4 2022, and an all-time yearly record in 2023, an increase of 19% over 2022.
  • In addition, same-store gross new definite average daily rate (ADR) booked for all future years set another all-time quarterly record in Q4 2023 at $275, up 8.5% over Q4 2022, and an all-time yearly record in 2023 at $268, up 8.5% over 2022.”

Orbit International Reports Consolidated Bookings for November 2023 in Excess of $3,100,000

Retrieved on: 
Friday, December 8, 2023
Federal, VPX, AC, Binder, Electronics, News, OEG, Growth, SPS, United States Navy, COTS, Disclosure, Communications satellite

HAUPPAUGE, N.Y., Dec. 08, 2023 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its consolidated bookings for the month of November 2023 were in excess of $3,100,000.

Key Points: 
  • HAUPPAUGE, N.Y., Dec. 08, 2023 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its consolidated bookings for the month of November 2023 were in excess of $3,100,000.
  • Deliveries for the November 2023 orders have already commenced and are expected to continue through the second quarter of 2025.
  • Mitchell Binder, President and CEO of Orbit International commented, “We are pleased to report that consolidated bookings for the month of November 2023 were in excess of $3,100,000 with the majority of our bookings for the month coming from our legacy businesses at our Orbit Electronics Group (”OEG”) and Orbit Power Group (“OPG”).
  • Orbit assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.

OEG Renewables companies to deliver turnkey marine coordination solution to the >1 GW Hai Long Offshore Wind Project in Taiwan

Retrieved on: 
Thursday, December 21, 2023
Alternative Energy, Construction & Property, Green Technology, Energy, Climate Change, Sustainability, Manufacturing, Other Transport, Environment, Maritime, Transport, Machinery, Other Energy, Utilities, Other Construction & Property, Engineering, Multimedia, Wind, Mitsui, OEG, Region, Fern Communications, Renewable energy

OEG Energy Group Limited (“OEG”, the “Group”), a leading offshore solutions business, is pleased to announce that Specialist Marine Consultants (“SMC”) and Fern Communications (“Fern”), both OEG Renewables businesses, have been contracted to deliver a turnkey marine coordination solution to the Hai Long Offshore Wind project in Taiwan.

Key Points: 
  • OEG Energy Group Limited (“OEG”, the “Group”), a leading offshore solutions business, is pleased to announce that Specialist Marine Consultants (“SMC”) and Fern Communications (“Fern”), both OEG Renewables businesses, have been contracted to deliver a turnkey marine coordination solution to the Hai Long Offshore Wind project in Taiwan.
  • View the full release here: https://www.businesswire.com/news/home/20231220130297/en/
    The 1,022 MW Hai Long Offshore Wind Project located 45-70km from the coast in 35-55m water depths is a joint project being developed by Northland Power Inc., Yushan Energy Pte.
  • Ltd., and Mitsui & Co., Ltd. which once operational will be the largest offshore wind project in Taiwan, providing enough clean energy to power more than one million Taiwanese households.
  • This will be OEG Renewables’ 20th project in Taiwan, of which 15 have been marine coordination contracts, underlining the company’s position as a leader in the provision of multi-disciplined specialist services to offshore wind markets in the APAC region and around the world.

OEG to Acquire Bluestream Offshore

Retrieved on: 
Monday, November 20, 2023
Maritime, Other Energy, Transport, Oil, Gas, Alternative Energy, Energy, Acquisition, Research, Safety, UAV, Den Helder, Unmanned aerial vehicle, Diving, OEG, Wind, Health, Sale, Environment, Renewable energy

OEG Energy Group Limited (“OEG”, the “Group”), a leading offshore solutions business, is pleased to announce that it has signed a Sale and Purchase Agreement (“SPA”) to acquire Bluestream Offshore B.V (“Bluestream”) a specialist in subsea and topside services based in The Netherlands for an undisclosed consideration.

Key Points: 
  • OEG Energy Group Limited (“OEG”, the “Group”), a leading offshore solutions business, is pleased to announce that it has signed a Sale and Purchase Agreement (“SPA”) to acquire Bluestream Offshore B.V (“Bluestream”) a specialist in subsea and topside services based in The Netherlands for an undisclosed consideration.
  • Bluestream has a turnover in excess of €55 million executed through an employee base of c55 people and more than 300 offshore subsea and topside specialists.
  • Bluestream is a highly respected and recognised brand which has established itself supporting offshore projects with major operators in the Southern North Sea with an increasingly prominent role in the offshore renewables sector.
  • Bluestream to retain established brand and operate as a subsidiary within OEG Renewables, expanding the division’s skilled workforce to over 500 people
    John Heiton, OEG’s Chief Executive Officer said: “We are delighted to welcome Bluestream Offshore to the OEG Group.

Orbit International Reports Consolidated Bookings for October 2023 in Excess of $3,650,000

Retrieved on: 
Tuesday, November 7, 2023
SHI International Corp, Electronics, System, COTS, Disclosure, VPX, AC, News, OEG, Engineering, Growth, SPS, 348th Tactical Electronics Group, Binder, Federal, Communications satellite, Orbit

HAUPPAUGE, N.Y., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its consolidated bookings for the month of October 2023 were in excess of $3,650,000.

Key Points: 
  • HAUPPAUGE, N.Y., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its consolidated bookings for the month of October 2023 were in excess of $3,650,000.
  • Deliveries for the October 2023 orders have already commenced and are expected to continue through the fourth quarter of 2026.
  • Mitchell Binder, President and CEO of Orbit International commented, “We are pleased to report that consolidated bookings for the month of October 2023 were approximately $3,650,000 with each of our operating units contributing over $1,000,000 in bookings for the month.
  • Bookings for our Orbit Power Group (“OPG”) were approximately $1,100,000 highlighted by approximately $400,000 in orders for our VPX and COTS power supplies and approximately $650,000 in bookings for commercial power supplies.

Orbit International Reports Consolidated Bookings for August 2023 in Excess of $4,000,000

Retrieved on: 
Friday, September 8, 2023
VPX, Electronics, Federal, AC, SHI International Corp, OEG, Binder, Engineering, Growth, System, SPS, 348th Tactical Electronics Group, Disclosure, News, COTS, Orbit

HAUPPAUGE, N.Y., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its consolidated bookings for the month of August 2023 were in excess of $4,000,000.

Key Points: 
  • HAUPPAUGE, N.Y., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its consolidated bookings for the month of August 2023 were in excess of $4,000,000.
  • Deliveries for the August 2023 orders have already commenced and are expected to continue through the fourth quarter of 2024.
  • Mitchell Binder, President and CEO of Orbit International commented, “We are pleased to report that consolidated bookings for the month of August 2023 were approximately $4,000,000 with each of our operating units contributing over $1,000,000 in bookings for the month.
  • Bookings for our Orbit Power Group (“OPG”) were approximately $1,350,000 highlighted by approximately $1,100,000 in orders for our VPX and COTS power supplies.

Ryman Hospitality Properties, Inc. Announces Patrick Moore as Chief Executive Officer of Opry Entertainment Group

Retrieved on: 
Monday, June 26, 2023
The Interpublic Group of Companies, Music, IPG, University, YP Holdings, Harvard University, Fioravanti, Public policy, McKinsey & Company, Organization, Ryman Hospitality Properties, Business administration, OEG, Partner, Consumer, Knowledge, NBCUniversal, Digital, YP, Our Boarding House, Master of Business Administration, NYSE, Management

NASHVILLE, Tenn., June 26, 2023 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (“Ryman”), a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and one-of-a-kind entertainment experiences announced that its former Board of Directors member Patrick Moore has been appointed Chief Executive Officer of its Opry Entertainment Group (“OEG”) division.

Key Points: 
  • NASHVILLE, Tenn., June 26, 2023 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (“Ryman”), a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and one-of-a-kind entertainment experiences announced that its former Board of Directors member Patrick Moore has been appointed Chief Executive Officer of its Opry Entertainment Group (“OEG”) division.
  • Mark Fioravanti, President and CEO of Ryman Hospitality Properties, said, “Patrick is a capable leader who has a deep understanding of our core values, our unique position in the industry and the tremendous opportunity we have to grow OEG.
  • Prior to his time at Carter’s, Moore spent four years at YP Holdings as its Chief Strategy Officer.
  • He holds a master’s degree in public policy from the University of Michigan and received a Master of Business Administration from Harvard University.