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Heritage Global Partners & Cloud Investment Partners to Host Online Auction Featuring Aerospace Defense SATCOM Assets
SAN DIEGO--(BUSINESS WIRE)-- Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory
About this update from Heritage Global Inc.
[{"type":"text","content":" SAN DIEGO--(BUSINESS WIRE)--\nHeritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, announced today that in partnership with Cloud Investment Partners, it has been selected to conduct an exclusive online auction event featuring Surplus SATCOM Communications & Field Equipment from a major aerospace defense contractor.\n\n\nThis unique auction will open February 5th and close February 6th, and will feature rare assortment of Humvees, Generators, Communication Shelters, Turrets, Test Equipment & other cutting-edge electronics. A link to the auction registration and catalog can be found on the HGP website.\n\n\nCraig Thompson, Senior Vice President at Heritage Global Partners, commented, \"This auction features late model SATCOM assets that are rarely seen on the secondary market. We are thrilled our client has entrusted the HGP and Cloud teams with this project. Our long-term partnership with Cloud in the aviation & aerospace sectors has resulted in tremendously successful sales events and we expect this project to follow the same trajectory.”\n\n\n“This sale represents a significant amount of Specialized OEM material that’s instrumental in advanced programs within the aerospace and defense industry, and we are confident it will bring immense value to their new owners,” said David Weiss, Managing Partner at Cloud Investment Partners.\n\n\nThe auction features over 700 auction lots, with notable highlights including:\n\n\n\n2020 AM General Model M1152 HMMWV (qty. 8)\n\n\n\nGichner Shelter Systems Transportable Communications Command and Control Shelter (qty. 8)\n\n\n\nL3 Harris Wide Band Data Link Ground Node System (qty. 8)\n\n\n\nTriton Power 26 KW Diesel Generator (qty. 8)\n\n\n\nL3 Satellite Communications System (qty. 8)\n\n\n\nL3 Communications 17.5\" in. KU Band SATCOM Antenna (qty. 8)\n\n\n\nTest Equipment Featuring Signal Generators, Signal & Spectrum Analyzers, Oscilloscopes, etc.\n\n\n\nAbout Heritage Global Partners, Inc. (“HGP”)\n\n\nHGP is a subsidiary of Heritage Global Inc. (NASDAQ: HGBL). HGP operates under the Industrial Assets business unit and is a full-service auction, liquidation and asset advisory firm which holds a prominent spot in the industrial sectors including Aerospace, Automotive, Aviation, Biotech, Broadcas...