Agoracom Blog

QE2 Acquisition Corp. Announces Award Of Streetlight Services Contract By City Of Calgary

Posted by AGORACOM-JC at 9:44 AM on Thursday, December 4th, 2014

CALGARY, ALBERTA / December 4th, 2014) / QE2 Acquisition Corp. (“QE2” or the “Corporation”) (TSX VENTURE:QE) is pleased to announce that Pillar Contracting Ltd. (“Pillar”), a wholly owned operating subsidiary, has successfully bid and been awarded a contract by the City Of Calgary to continue the installation phase of 1,000 new LED streetlight heads in parts of the city.

Pillar is based in Fort Saskatchewan, Alberta, and became QE2’s first acquisition in October 2013. Pillar provides streetlight, electrical, equipment painting and traffic control services to a range of municipal and blue chip clients. Pillar has operated successfully for over 17 years with growth driven primarily by repeat customers and word of mouth. The City Of Calgary becomes Pillar’s newest municipal customer and represents the first successful bid for Pillar under QE2’s ownership. In order to service the contract, Pillar will make use of storage facilities and logistics at QE2’s second wholly owned operating subsidiary, Candesto Enterprises Ltd. (“Candesto”), which QE2 acquired in April 2014 and is based at Calgary.

Mark Lacoursiere, Pillar’s General Manager, states, “Becoming part of the QE2 portfolio has extended Pillar’s capabilities in terms our geographical footprint, access to capital and expertise to bid on work. We’re excited to provide Pillar’s specialist streetlight services to the City Of Calgary. There are over 80,000 streetlights in Calgary that could benefit from LED technology. Pillar has the expertise and capacity to change every one of them.”

The contract is expected to commence in early December and be completed on or around the middle of February 2015.

“The shift to LED technology will provide higher quality lighting for our roadways, while also reducing electricity usage and lowering maintenance costs,” said Troy McLoed, Director of Roads. “Calgary is a rapidly growing city, and this initiative will help us deliver cost-effective and sustainable infrastructure.”

For more information on The City of Calgary’s e2 Street Lighting Program, please visit and search “LED lighting”. For media inquiries, contact The City of Calgary’s Transportation Department at 403-828-2954, or email [email protected].

About QE2 Acquisition Corp. (

QE2 is a forward thinking, Alberta-founded firm that acquires and grows well-managed, profitable, asset-backed, Alberta-based businesses in the infrastructure and utility service sectors. QE2’s growth strategy is a mergers and acquisitions program which leverages the synergies that can be achieved by vertical and horizontal integration. For further information, please contact Mihalis Belantis, CEO and Director, #4034, 909 – 17th Avenue SW, Calgary, Alberta, T2T 0A4, Tel: (403) 478-0055, Fax: (403) 770-8468, Email: [email protected].

Cautionary Statements

Statements in this press release may contain forward-looking. The words “will,” “anticipate,” believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Corporation. Readers are cautioned that assumption used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The Corporation does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.

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The securities of QE2 have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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