Enerflex Says Received Notice That Its Customer Intends To Terminate EH Cryo Project Contract With Effect As Of September 8, 2024; Co. Views Purported Termination As Wrongful Attempt

As previously announced, and in response to a drone attack on April 26, 2024, that resulted in fatalities at an operational facility proximate to the EH Cryo project, Enerflex provided its customer with notice of Force Majeure, suspended activity at the project site, and demobilized its personnel. 

Despite these efforts, Enerflex has received a notice that its customer intends to terminate the EH Cryo project contract with effect as of September 8, 2024.

Enerflex views the purported termination as a wrongful attempt by its customer to circumvent Enerflex's contractual rights to suspend performance while the project site remains unsafe; a conclusion that is supported by expert security input.

Enerflex intends to dispute such wrongful purported termination and to protect its position in respect of the EH Cryo project.