This looks to be a smart capacity move for Ridgeline, Ed. A kid could do worse these days than to learn to weld at a community college with a job on graduation.
finance.yahoo.com
Centralized Facility will Lower Manufacturing Costs and Accelerate System Delivery Times
CALGARY, Aug. 22, 2012 /PRNewswire/ - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) an energy services and water treatment company, today announced the opening of its new Deaver, Wyoming manufacturing facility. The facility will be used to manufacture Ridgeline's storage systems, convergence and degassing systems, as well as molded tank products that are a part of Ridgeline's water sciences division product line and services.
The facility, which was previously a Deaver school campus, includes approximately seven acres and five campus buildings, and totals approximately 65,500 square feet. The buildings and land are leased at a small annual cost to Ridgeline with the option to purchase the facility in the future as land is transferred from the U.S. Federal Government.
Tony Ker, CEO of Ridgeline Energy Services, stated, "Ridgeline is very pleased to announce the opening of our second U.S. manufacturing facility, located in Deaver, Wyoming. This facility will enable Ridgeline to lower manufacturing costs, accelerate system delivery times and continue the development of our technology. We look forward to ramping production in our Wyoming facility to support our growth in the coming years."
Dennis M. Danzik, Ridgeline Director of Engineering and Operations, commented, "The conversion of this vacant school campus into a manufacturing facility that will create jobs and generate a positive economic impact is a testament to the vision and the entrepreneurial spirit that permeates the state of Wyoming. The hard work of Deaver Councilmen Gary Fulbright and LaMoine Sorenson; Wyoming State Representative Elaine Harvey; and the City of Deaver, has created an economic opportunity for the citizens of Deaver and the surrounding communities. We are pleased to collaborate with these visionaries and we look forward to a long and mutually beneficial working relationship."
On the northern border of Wyoming, Deaver provides Ridgeline access to many of its most important geographic markets - North Dakota; Alberta, Canada; Colorado; eastern Utah and western Texas. Wyoming has no state income tax and is one of the most advantageous business environments in North America. The state is currently number one in new corporate entity growth in the United States. The new facility is also less than ten minutes from Northwest Community College, which offers a world-class welding program and other engineering and construction disciplines. |
