Pennsauken, NJ – May 15, 2023 — RCM Technologies, Inc. (NasdaqGM: RCMT), a premier
provider of business and technology solutions designed to enhance and maximize the operational
performance of its customers through the adaptation and deployment of advanced engineering,
specialty health care, and information technology services, today provided an update on RCM’s
Energy Services division.
RCM Technologies is proud to announce the opening of the RCM Energy Services Operation
Centre in Eschborn / Frankfurt am Main, Germany. The expansion within Europe comes as part of
the strategic plan to increase the global footprint of the group and become a preferred engineering
partner for the energy transition and grid of the future. The RCM Energy Services team will
leverage their established Engineering, Procurement, Construction (EPC) model to serve European
clients through the evolution of infrastructure upgrades.
“The proven capabilities of our team and our consistent commitment to deliver high-value solutions to our clients is the foundation for our ability to continue to expand internationally. The RCM Energy Services team is passionate about making an impact for our communities and clients as the world moves toward a carbon neutral future.
Peter Grossmann, SVP Energy Services
Stefan Patz, a highly regarded energy professional, has been appointed General Manager of RCM
Energy Services’ operations in Germany. Coming from Siemens Energy as the Head of Engineering
for a critical market, Mr. Patz has 25 years of experience in the electrical transmission and
distribution business. Mr. Patz has an extensive knowledge of substation, secondary protection /
control, and power electronic technologies.
With economic and environmental demands increasing the investments and timelines for electrical
infrastructure changes across the European Union, the Company expects RCM Energy Services’
capabilities in renewable energy, technology and innovation to become an important contributor to
the modernization of Europe’s energy grid.
Peter Grossmann, Senior Vice President of RCM Energy Services, noted “The proven capabilities
of our team and our consistent commitment to deliver high-value solutions to our clients is the
foundation for our ability to continue to expand internationally. The RCM Energy Services team is
passionate about making an impact for our communities and clients as the world moves toward a
carbon neutral future. Our greatest impact is in our ability to enable our clients’ sustainable growth
with a strong focus on technology to improve project efficiency and operations in order to bring
more power to homes and businesses faster and cost-effectively.”
About RCM
RCM Technologies, Inc. is a premier provider of business and technology solutions designed to
enhance and maximize the operational performance of its customers through the adaptation and
deployment of advanced information technology and engineering services. RCM is an innovative leader in delivering these solutions to commercial and government sectors. RCM is also a provider
of specialty healthcare services to major health care institutions and educational facilities. RCM’s
offices are located in major metropolitan centers throughout North America and Serbia. Additional
information can be found at www.rcmt.com.
The statements contained in this release that are not purely historical are forward-looking statements within the Private Securities Litigation Reform Act of 1995. They are subject to various risks, uncertainties, and other factors that could cause the Company’s actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements.
These statements often include words such as “may,” “will,” “expect,” “anticipate,” “continue,” “estimate,” “project,” “intend,” “believe,” “plan,” “seek,” “could,” “can,” “should,” “are confident” or similar expressions. In addition, statements that are not historical should also be
considered forward-looking statements. These statements are based on assumptions that we have made in light of our experience in the industry, and our perceptions of historical trends, current conditions, expected future developments, and other factors we believe are appropriate in these circumstances. Forward-looking statements include, but are not limited to, those relating to demand for the Company’s services, expectations regarding the performance of our new operations in Germany, the future of the energy and Europe’s energy grid, our future revenues and other financial results, our pipeline, and potential project wins, and our expectations for investment and growth in our business.
Such statements are based on current expectations that involve several known and unknown risks, uncertainties, and other factors, which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. Risk, uncertainties, and other factors may emerge from time to time that could cause the Company’s actual results to differ from those indicated by the forward-looking statements. Investors are directed to consider such risks, uncertainties, and other factors described in documents filed by the Company with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.
The Company assumes no obligation (and expressly disclaims any such obligation) to update any forward-looking statements contained in this release as a result of new information or future events or developments, except as may be required by law.