Ormat Technologies Inc. Responds to Press Reports About Potential Transaction
28 Fevereiro 2017 - 4:11AM
Ormat Technologies Inc. (NYSE:ORA): In response to certain
press reports that appeared in the Israel trade press, Ormat
Technologies Inc. (the “Company”) today today provided the
following clarification: The Company has been informed by
FIMI Opportunity Funds and Bronicki Investments Ltd. (collectively,
the “interested shareholders”) that they have been approached by a
leading strategic investor regarding such investor’s potential
interest in acquiring the common stock held by the interested
shareholders. The interested shareholders have advised the
Company that they will inform the Company as and when things
progress (if at all). In any event, the company clarifies
that there are no discussions for the sale of the company or its
business.
About Ormat Technologies
With over five decades of experience, Ormat
Technologies, Inc. is a leading geothermal company and the only
vertically integrated company engaged in geothermal and recovered
energy generation (REG), with the objective of becoming a leading
global provider of renewable energy. The company owns, operates,
designs, manufactures and sells geothermal and REG power plants
primarily based on the Ormat Energy Converter – a power generation
unit that converts low-, medium- and high-temperature heat into
electricity. With 72 U.S. patents, Ormat’s power solutions have
been refined and perfected under the most grueling environmental
conditions. Ormat has 450 employees in the United States and over
600 overseas. Ormat’s flexible, modular solutions for geothermal
power and REG are ideal for the vast range of resource
characteristics. The company has engineered, manufactured and
constructed power plants, which it currently owns or has installed
to utilities and developers worldwide, totaling over 2,000 MW of
gross capacity. Ormat’s current 710 MW generating portfolio is
spread globally in the U.S., Guatemala, Guadeloupe, and Kenya.
Ormat’s Safe Harbor
Statement
Information provided in this press release
contains statements that address activities, events or developments
that we expect or anticipate will or may occur in the future,
including such matters relating to current expectations, estimates,
forecasts and projections about the acquisition described herein,
Ormat’s business strategy and goals, development or operation of
assets, market and industry developments and the growth of Ormat’s
business and operations that are “forward-looking statements” as
defined in the Private Securities Litigation Reform Act of 1995.
When used in this press release, the words “may”, “will”, “could”,
“should”, “expects”, “plans”, “anticipates”, “believes”,
“estimates”, “predicts”, “projects”, “potential” or “contemplate”
or the negative of these terms or other comparable terminology are
intended to identify forward-looking statements, although not all
forward-looking statements contain such words or expressions.
These forward-looking statements generally relate to Ormat’s plans,
objectives and expectations for future operations and are based
upon its management’s current estimates and projections of future
results or trends specifically, the statement related to operating
income in 2017. Although we believe that our plans and
objectives reflected in or suggested by these forward-looking
statements are reasonable, we may not achieve these plans or
objectives. You should read this press release completely and
with the understanding that actual future results and developments
may differ materially from those projected as a result of a number
of risks and uncertainties, many of which are beyond our control.
For a discussion of such risks and uncertainties, see “Risk
Factors” as described in Ormat Technologies, Inc.’s Annual Report
on Form 10-K filed with the Securities and Exchange Commission on
February 26, 2016.
These forward-looking statements are made only
as of the date hereof, and we undertake no obligation to update or
revise the forward-looking statements, whether as a result of new
information, future events or otherwise, even though our situation
may change in the future.
Ormat Technologies Contact:
Smadar Lavi
Investor Relations
775-376-2030
slavi@ormat.com
Investor Relations Agency Contact:
Rob Fink/Brett Maas
Hayden - IR
646-415-8972/646-536-7331
rob@haydenir.com / brett@haydenir.com
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