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Tornado Announces Stock Option Grant
TGHTextainer (TGH) GlobeNewswire·2025-05-20 23:31

Company Overview - Tornado Infrastructure Equipment Ltd. is a leading manufacturer of specialized infrastructure and excavation equipment, particularly known for its hydrovac trucks [2] - The company has sold over 1,800 hydrovacs since 2008, establishing itself as a pioneer in the vacuum truck industry [2] - Tornado designs and manufactures hydrovac trucks and provides heavy-duty truck maintenance operations in central Alberta [2] Product and Market Position - Hydrovac trucks utilize high-pressure water and vacuum to safely excavate soil, exposing critical infrastructure for repair and installation without causing damage [2] - The hydrovac excavation method is becoming a standard practice in North America, especially for urban excavations and around critical infrastructure, significantly reducing damage and fatalities [2] Recent Developments - On May 20, 2025, Tornado granted incentive stock options for the purchase of up to 500,000 common shares to a key employee, with an exercise price of $1.71 per share, expiring five years from the grant date [1]