BE&K Building Group, A Pernix Group Company, Completes Construction of Assembly Facility for Bell Helicopter's 505 Jet Ranger X

LOMBARD, Ill., Oct. 21, 2015 (GLOBE NEWSWIRE) -- Pernix Group, Inc.’s (OTCQB:PRXG) subsidiary, BE&K Building Group, announced construction completion of a new facility for Bell Helicopter in Lafayette, Louisiana. Bell Helicopter will use the facility to assemble and deliver its newest commercial helicopter, the eagerly-awaited Bell 505 Jet Ranger X. The new 82,300-square-foot hangar facility was built on a 14.5-acre site. Bell Helicopter will lease the facility from the Lafayette Regional Airport. Assembly operations are expected to start in 2016, following certification of the facility and the aircraft. Bell Helicopter recently celebrated the grand opening of its Lafayette Assembly Center.

Best of 2015 Award | Manufacturing Projects — Last week, Engineering News-Record – Texas & Louisiana announced the winners of its 2015 Best Projects competition. BE&K Building Group won "Best Manufacturing Project" for the Bell Helicopter Lafayette Assembly Center. BE&K Building Group will formally receive the award at a recognition luncheon on December 8 in Houston, Texas.

Nidal Z. Zayed, President and CEO of Pernix Group said, “BE&K Building Group continues to demonstrate our expertise in the advanced manufacturing sector and we’re excited to be recognized by Engineering News-Record for the superior work on the Facility for Bell Helicopter’s 505 Jet Ranger X.”

About BE&K Building Group, a Pernix Group Company — BE&K Building Group offers a range of construction management services and project delivery methods nationally in the advanced manufacturing, aerospace, life sciences, food & beverage, commercial/mixed-use, healthcare and institutional sectors. Known for its outstanding safety record, BE&K Building Group, headquartered in Greenville, South Carolina, has additional regional operations in Chicago, Illinois; Houston, Texas; Washington, D.C.; Research Triangle Park, North Carolina; and Charleston, South Carolina. BE&K Building Group has received dozens of national and regional awards for design and construction excellence. Additional information is available at www.bekbg.com.

About Pernix Group, Inc.

Pernix Group, Inc. is a construction company recognized by Engineering News-Record for being one of the Top 50 American Contractors Working Abroad for the last four years in a row. Headquartered in Lombard, Illinois, Pernix has operations in the United States, Africa, the Middle East, and the Pacific Rim. Pernix has full-scale construction and management capabilities, in three primary markets: Federal Government, Commercial & Industrial, and Power. Recently, Pernix Group expanded its domestic Commercial & Industrial operations by acquiring KBR Building Group, now known as BE&K Building Group. Pernix also expanded its Pacific operations this year by acquiring assets of DCK Pacific Guam, now operating as Pernix Guam LLC.

Pernix Group, Inc. common stock is traded on the over-the-counter quotation board (OTCQB) under the symbol PRXG. Additional information is available at www.pernixgroup.com.

Forward-Looking Statement

Certain of the statements made in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and other factors that could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater detail in the Company’s filings with the U.S. Securities and Exchange Commission.


Contact Investor Relations: investorrelations@pernixgroup.com

Source:Pernix Group, Inc.