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Aspeq Heating Group Press ReleasePress Release - March 25, 2020

COVID-19 Update

Based on guidelines published by the Department of Homeland Security, ASPEQ is a part of the Essential Critical Infrastructure deemed necessary to continue operations. Our facilities are complying with the CDC guidelines and we have made modifications to shift assignments and equipment layout in order to maintain the 6ft social distancing recommendation. Both ASPEQ production facilities are fully operational at this time and all employees who can do so are working from home.

It is our goal to educate our employees on CDC guidelines and best practices in the workplace. Shipments vital to our customers are challenged by regional lock-downs, but we will work through these situations as best we can. Staffing and material stock levels are central to our plans to support customer recovery surge in the future.

ASPEQ’s highly engineered designs, sold under the INDEECO, Heatrex and AccuTherm brands, are value-added solutions versus more standardized, higher-volume heating elements. ASPEQ’s brands are among the most recognizable in the industry, with an established reputation for performance, quality, reliability and innovation at competitive prices. The Company’s broad product portfolio comprises thousands of unique products, covering approximately 30 product categories that address virtually every electric heating application across nearly every industrial process and commercial end market. ASPEQ is strategically focused on engineering and manufacturing customized solutions that address unique customer needs for end markets and applications that cannot be served effectively by competitors’ standardized offerings. “ASPEQ’s management team, work force, and engineering talent are all dedicated to manufacturing the industry’s most technologically advanced heating solutions,” said Mark DeBlois, Managing Partner of Bunker Hill Capital. “The Company’s commitment to its customers is evidenced by its ability to produce highly engineered, customized heating technologies. We are very excited to partner with CEO Michael Howard and his team in scaling the business to its next level of growth.”

In our 90+ years of operation, we have been through wars, the polio quarantine, natural disasters and 9-11. Like that of our customers, the integrity and character of our employees will be pushed to meet this massive challenge. We at ASPEQ put our hopes in a speedy resolution to this pandemic and a resumption of life without it. All the best to our customers, suppliers and their families.

David A. Smith | President & CEO | ASPEQ Heating Group

Aspeq Heating Group Brands

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