CALGARY,
AB, Sept. 4, 2024 /CNW/ - SECURE Energy
Services Inc. ("SECURE" or the "Corporation") (TSX: SES) today
announced its intention to change its name to SECURE Waste
Infrastructure Corp. (the "Name Change"). The Corporation will seek
shareholder approval for the Name Change at a special meeting of
shareholders ("the Shareholder Meeting") to be held on October 29, 2024.
"The SECURE brand has always embodied safety, reliability, and
entrepreneurship," said Allen
Gransch, President and CEO. "While these core values remain
at the heart of our company, our new name reflects the evolution of
our business and strategic focus. Over the past five years, SECURE
has transitioned from a full-service energy services company to a
specialized waste management and energy infrastructure provider.
The name SECURE Waste Infrastructure Corp. better captures our core
business activities, which are centered on the processing,
recovery, recycling, and disposal of diverse waste streams, and the
efficient operation of our critical infrastructure network."
SECURE's strategic purpose is to lead the industry by
Transforming Waste into Value. We are committed to being a
trusted partner for our customers and other stakeholders, providing
solutions that safely manage environmental liabilities, minimize
costs and environmental impacts, and create new opportunities for
resource development, recovery, and reuse. With over 80
strategically located facilities across western Canada and North
Dakota, we fulfill this purpose by leveraging our
operational expertise, innovative technologies, and sustainable
practices to drive economic growth and environmental
stewardship.
"We are excited to unveil SECURE's new name, a testament to our
rich legacy and our strategic transformation to a focused waste
management and energy infrastructure company," said Mr. Gransch.
"The Corporation is exceptionally well positioned today with the
right people, asset network and financial flexibility to advance
our leadership in these sectors. As we move forward, we remain
dedicated to providing exceptional service to our customers and
creating sustainable, long-term value for our shareholders."
The Corporation expects to formally adopt the new name on or
about January 1, 2025, following the
receipt of all necessary shareholder and regulatory approvals, and
in conjunction with certain year-end activities planned by the
Corporation. SECURE's common shares will continue to trade on the
Toronto Stock Exchange under the ticker symbol "SES."
The Name Change requires approval of not less than two-thirds of
the votes cast at the Shareholder Meeting. The Shareholder Meeting
will be conducted in a virtual-only format, and the Corporation
encourages shareholders to vote in advance by proxy. Full details
on how to vote, appoint a proxy holder, attend the virtual
Shareholder Meeting, ask questions, and other general proxy matters
will be available in the information circular which will be
available on SECURE's website or on SECURE's SEDAR+ profile on or
around September 27, 2024.
Forward Looking Statements
This press release may contain forward-looking information
within the meaning of applicable securities regulation. The words
"may", "will", "would", "should", "could", "expects", "plans",
"intends", "trends", "indications", "anticipates", "believes",
"estimates", "predicts", "likely" or "potential" or the negative or
other variations of these words or other comparable words or
phrases, are intended to identify forward-looking statements. These
statements include, without limitation, statements regarding the
Name Change and the timing thereof, the date for the Shareholder
Meeting and the timing of when the information circular will be
available to shareholders and the ability of SECURE to advance its
leadership in waste management and energy infrastructure. SECURE
believes the expectations reflected in the forward-looking
statements in this press release are reasonable but no assurance
can be given that these expectations will prove to be correct and
such forward- looking statements should not be unduly relied upon.
Forward-looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties that may cause
the results or events mentioned in this press release to differ
materially from those that are discussed in or implied by such
forward-looking information. Readers are cautioned not to place
undue reliance on these statements as a number of factors could
cause actual results to differ materially from the results
discussed in these forward-looking statements, including but not
limited to those factors referred to under the heading "Risk
Factors" in SECURE's Annual Information Form for the year ended
December 31, 2023, which is available
on SEDAR+ at www.sedarplus.com.
Although forward-looking statements contained in this press
release are based upon what SECURE believes are reasonable
assumptions, SECURE cannot assure investors that actual results
will be consistent with these forward-looking statements. The
forward-looking statements in this press release are expressly
qualified by this cautionary statement. Unless otherwise required
by law, SECURE does not intend, or assume any obligation, to update
these forward-looking statements.
ABOUT SECURE
SECURE is a leading waste management and energy infrastructure
business headquartered in Calgary, Alberta. SECURE's extensive infrastructure
network located throughout western Canada and North
Dakota includes waste processing and transfer facilities,
industrial landfills, metal recycling facilities, crude oil and
water gathering pipelines, crude oil terminals and storage
facilities. Through this infrastructure network, SECURE carries out
its principal business operations, including the processing,
recovery, recycling and disposal of waste streams generated by our
energy and industrial customers and gathering, optimization,
terminalling and storage of crude oil and natural gas liquids. The
solutions SECURE provides are designed not only to help reduce
costs, but also lower emissions, increase safety, manage water,
recycle by-products and protect the environment.
SECURE's Shares trade under the symbol "SES" and are listed on
the TSX. For more information,
visit www.SECURE-energy.com.
SOURCE SECURE Energy Services Inc.