Tornado Global Hydrovacs Announces Corporate Name Change and U.S. Expansion Plans

Core Viewpoint - Tornado Global Hydrovacs Ltd. is rebranding to Tornado Infrastructure Equipment Ltd. to align with its strategic vision and expansion into the U.S. market [1][2][3] Name Change - The name change will take effect on December 18, 2024, with a new CUSIP of 891082109 and ISIN of CA8910821096 [2] - This change reflects the company's commitment to diversifying its product lines to meet the infrastructure market's needs [3] Share Class Removal - The company has filed Articles of Amendment to remove the "Common Shares" from its authorized capital, as no Common Shares were issued and outstanding at the time of filing [5] U.S. Expansion - Tornado has incorporated two new entities in the U.S.: Tornado Infrastructure Equipment Holdings (USA) Ltd. and Tornado Infrastructure Equipment (USA) Ltd. [6] - Establishing these entities is a critical step in strengthening the company's footprint in the U.S. market [7] Production Capabilities - The company is collaborating with a U.S.-based partner to build its first hydrovac truck in Midland, Texas, with completion expected by the end of 2024 [8] - This initiative aims to enhance local presence and meet the increasing demand for products in the U.S. market [8] Company Background - Tornado is a leader in the vacuum truck industry, having sold over 1,500 hydrovacs since 2005 [10] - The company designs and manufactures hydrovac trucks and provides maintenance operations, focusing on safe excavation methods that reduce infrastructure damage [10]