Orbital Infrastructure Group expands its presence with new office in Kochi

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Orbital Infrastructure Group, recently announced that IMMCO, Inc,  a subsidiary of OIG's Telecom Platform, GTS, has achieved record sales through 3^rd Quarter 2022.  IMMCO, based in Canton, GA, with offices in India, Europe and Australia, also reported the acquisition of new office space and the hiring of 60 new employees in Kochi, India, increasing their technical engineering staff to more than 800.

Through September 30, 2022, GTS sales exceeded the same period of 2021 by 119% – setting an all-time company record for the first three quarters of this year.  A significant catalyst to this growth has been the increasing demand for IMMCO's broadband engineering and design services. To facilitate this revenue increase and further capacity, IMMCO is undertaking its fourth office expansion in 2022, opening a new 9,500 sf facility in January of 2023. The recent addition of 60 new employees takes IMMCO's staff to over 800, and the new office space will enable staffing expansion to around 1,200.

"IMMCO has responded to the needs of the telecommunications industry as Fiber to the Home ("FTTH") investment is growing quickly around the world. Our production activity is growing in several areas, including FTTH Design – much of which in the US is tied to funding from RDOF and state broadband initiatives – HFC Node Splits, and Upstream Bandwidth Expansions to support broadband consumption growth, including Right-of-Way Permits supporting the expansion of broadband into unserved areas," stated Keith R. Hayes, IMMCO's CEO.

Hayes continued, "IMMCO's existing and new customers are regularly adding new projects that require our services to support – we are making the necessary investments to stay ahead of the growth curve of broadband which is expected to accelerate in 2023 as the Broadband Equity, Access, and Deployment Program ("BEAD") act funding reaches the network operators."

GTS's CEO, Mike McCracken explained, "The acquisition of IMMCO in 2021 has achieved fantastic synergies with the OIG Telecom Platform led by GTS. Not only has IMMCO's customer activity growth been very strong, their expertise in automation and software development has driven many efficiencies in our portfolio of telecommunications businesses."

"OIG acquired GTS last year as the platform company of our Telecommunications Infrastructure segment. IMMCO and its fellow GTS-owned businesses, Full Moon Communications and Coax Fiber Solutions, are helping GTS provide a broader range of solutions to our customers resulting in record growth in what we believe is the early stages of significant broadband deployment investments by both governmental agencies and network operators that will continue for many years to come.," concluded OIG's CEO and Vice-Chairman, Jim O'Neil.

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