Tornado Global Hydrovacs Poised to Benefit from US Infrastructure Bill

CALGARY, Alberta, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Tornado Global Hydrovacs Ltd. ("Tornado" or the "Company") (TSX-V:TGH) The US Senate passed a $1.2 trillion USD infrastructure bill (the "Infrastructure Bill") in August 2021 and the US Congress ratified the Infrastructure Bill on November 5, 2021. The Infrastructure Bill, subject to the final approval of the US President, is expected to create legions of jobs in the US to improve broadband, water supplies and other public works and expected to increase the demand for hydrovac trucks.

The approval the Infrastructure Bill will validate the bold step made by Tornado to triple its manufacturing capacity with the purchase of a new, state of the art, 57,000 square foot facility on 17 acres of land in Alberta, Canada in 2020. Brett Newton, who joined Tornado in June 2021 as President and COO, said, "This prior investment by Tornado in additional manufacturing capacity will greatly assist Tornado in capitalizing on the increasing demand for hydrovac trucks, parts and services by our U.S. dealer and customers.  I am absolutely convinced that the outlook for hydrovac demand throughout North America will remain bullish for years to come."

Tornado management was interviewed by Ronny Grunwald of First Bridge Investment Group, LLC, who has been advising and researching mid stage companies since 2010 and posted a research report on Tornado July 30, 2021 on Seeking Alpha, the largest investing community in the world. The research report discusses the North American hydrovac industry and service providers to the industry, and delves into how Tornado is uniquely positioned to capitalize on the infrastructure bill that is targeting investments in transportation, broadband and utilities, which are all sectors where hydrovac trucks play a key role in safe excavation. A copy of this report is available on the Seeking Alpha platform.

About Tornado Global Hydrovacs Ltd.

The Company designs and manufactures hydrovac trucks as well as provides heavy duty truck maintenance operations in central Alberta. It sells hydrovac trucks to excavation service providers in the infrastructure and industrial construction and oil and gas markets. Hydrovac trucks use high pressure water and vacuum to safely penetrate and cut soil to expose critical infrastructure for repair and installation without damage. Hydrovac excavation methods are quickly becoming a standard in the North America to safely excavate in urban areas and around critical infrastructure greatly reducing infrastructure damage and related fatalities. In China, the Company's subsidiary is used principally to source certain parts to the Company's North America operations.

For more information about Tornado Global Hydrovacs Ltd., visit www.tornadotrucks.com or contact:

Brett Newton
President
Phone: (416) 522-6390
Email: bnewton@tghl.ca

Advisory

Certain statements contained in this news release constitute forward-looking statements. These statements relate to future events. All statements other than statements of historical fact are forward-looking statements. The use of the words "anticipates", "should", "may", "expected", "expects", "believes" and other words of a similar nature are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Tornado believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Such statements include statements with respect to: (i) the expectation that the Infrastructure Bill will create legions of jobs in the US to improve broadband, water supplies and other public works; (ii) the expectation that the Infrastructure Bill will increase the demand for hydrovac trucks generally; (iii) the expectation that the Infrastructure Bill will increase the demand for hydrovac trucks, parts and services by our U.S. dealers and customers; (iv) the expectation that Tornado will be able to capitalize on the increasing demand for hydrovac trucks, parts and services; and (v) the expectation that the outlook throughout North America will remain bullish for years to come. Actual results could differ materially from those anticipated in these forward-looking statements as a result of prevailing economic conditions, and other factors, many of which are beyond the control of Tornado. The forward-looking statements contained in this news release represent Tornado's expectations as of the date hereof, and are subject to change after such date. Tornado disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable securities regulations.

Neither the Exchange nor its Regulation Service Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.