OATN Secures Major HVAC Contracts for OC Fair and OCTA Projects in Southern California

Rhea-AI Summary

Olympic Air Tech (OATN) has secured two major HVAC contracts in Southern California, demonstrating its growing presence in the region's construction industry. The first contract, valued at $623,420, is for the OC Fair Administration Office Addition in Costa Mesa, awarded on May 23, 2024. The second project, for the OCTA Transit Security & Operation Center in Anaheim, has OATN listed as the lowest bidder with a contract amount of $3,650,000 as of June 17, 2024. These projects showcase OATN's commitment to delivering top-tier HVAC solutions and its successful collaboration with prominent general contractors in the area.

Positive

• Secured a $623,420 HVAC contract for OC Fair Administration Office Addition
• Listed as lowest bidder for $3,650,000 HVAC contract for OCTA Transit Security & Operation Center
• Expanding presence in Southern California's construction industry

Negative

• None.

News Market Reaction

+140.00%

1 alert

+140.00% News Effect

On the day this news was published, OATN gained 140.00%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CERRITOS, CA / ACCESSWIRE / August 20, 2024 / Olympic Air Tech (OATN) is excited to announce the successful acquisition of two significant HVAC contracts in Southern California. These contracts underscore OATN's continued excellence and growing presence in the region's construction industry.

The first project involves the HVAC installation for the OC Fair Administration Office Addition, located at 88 Fair Drive, Costa Mesa, CA 92626. The contract, awarded on May 23, 2024, is valued at $623,420 and is currently in progress. OATN is collaborating closely with the general contractor, Barnhart-Reese Construction, Inc., to ensure the project's success. The project is being managed by Jeff Stratton, who can be contacted at 858-588-3275.

The second project is for the OCTA Transit Security & Operation Center, located at 1460 W Lincoln Ave., Anaheim, CA 92801. OATN has been listed as the lowest HVAC contractor bidder, with a contract amount of $3,650,000 as of June 17, 2024. This project is in collaboration with Bernard's Bros, Inc., the general contractor, and is currently awaiting final contract confirmation.

These project wins highlight OATN's commitment to delivering top-tier HVAC solutions across Southern California. The company will provide ongoing updates, including project photos and videos, which will be available on the OATN website.

CONTACT:
Brian Hwang
oathvac@gmail.com

SOURCE: O.A.T., Inc.

View the original press release on accesswire.com

FAQ

What are the two major HVAC contracts secured by Olympic Air Tech (OATN) in Southern California?

Olympic Air Tech (OATN) secured two major HVAC contracts in Southern California: a $623,420 contract for the OC Fair Administration Office Addition in Costa Mesa, and a potential $3,650,000 contract for the OCTA Transit Security & Operation Center in Anaheim.

When was the OC Fair Administration Office Addition contract awarded to OATN?

The OC Fair Administration Office Addition contract was awarded to Olympic Air Tech (OATN) on May 23, 2024.

What is the value of the OCTA Transit Security & Operation Center contract for which OATN is the lowest bidder?

Olympic Air Tech (OATN) is the lowest bidder for the OCTA Transit Security & Operation Center contract with a bid amount of $3,650,000 as of June 17, 2024.

Who are the general contractors collaborating with OATN on these projects?

OATN is collaborating with Barnhart-Reese Construction, Inc. for the OC Fair project and Bernard's Bros, Inc. for the OCTA Transit Security & Operation Center project.