BADGER DAYLIGHTING LTD. PROVIDES OPERATIONS UPDATE
The cautionary statements regarding forward-looking information later in this document are an integral part of this press release.
Badger Daylighting Ltd. (“Badger”) is North America’s largest provider of non-destructive excavating services. Badger traditionally works for contractors and facility owners in the utility and petroleum infrastructure industries. Badger’s key technology is the Badger Hydrovac, which is used primarily for safe digging in congested grounds and challenging conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. Badger manufactures its truck-mounted hydrovac units.
The recent rapid decline in the price for oil has caused many producers and oilfield service providers to cut capital budgets and spending. This has increased the uncertainty around the oil and natural gas portion of Badger’s customer portfolio in 2015. In response to this uncertainty Badger will conservatively manage its capital spending – truck build – while aggressively developing markets and opportunities in areas of strong economic growth.