The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Tue Oct 11, 2016
VANCOUVER, BRITISH COLUMBIA - CarbonOne Technologies Inc. has announced that it has changed its name to TekModo Industries Inc. The company's shares will resume trading on the TSX Venture Exchange at the market open on Oct. 12 under the new symbol "TEK".
In addition, TekModo has announced changes to its Board of Directors and management team. The new directors bring additional experience in the manufacturing and automotive sectors, which will support the company's focus on manufacturing composite panels for the recreation vehicle and transportation vehicle industries as a result of its recent acquisition of the TekModo group of companies.
"On behalf of the CarbonOne Technologies team, I would like to thank our outgoing directors, Murray Flanigan, Morris Klid, Nick Deeter and Jack Khorchidian, for all of their hard work and perseverance to complete this acquisition and help launch the new TekModo Industries Inc.," Chairman and CEO of TekModo John Proust says. "Jack Khorchidian, however, will remain in his role as Chief Operating Officer. Our new directors bring a wealth of manufacturing, automotive and recreational vehicle industry experience to the company. Bill Fenech has had a distinguished career in the RV industry. Mary Wetzel, before co-founding TekModo Structures LLC, held strategic leadership roles with General Motors, Chrysler and Dodge and was inducted into the Automotive Hall of Fame in 2004. Jacob Vogel is the CEO of a leading boat manufacturing company.
"We are all very enthusiastic about TekModo's future as we work to realize the growth potential within TekModo's existing products and customer base, while advancing a pipeline of near-commercial products with applications across a range of industries. I would also like to thank Danny Lee, Chief Financial Officer, and Rhylin Bailie, Vice President Communications & Investor Relations, for their contributions to the team, and wish them well with their future endeavours."
Vincent Boon has been appointed Chief Financial Officer of TekModo. Boon is a chartered accountant with more than 10 years of professional accounting experience with private and public companies focusing on financial reporting, regulatory compliance, internal control and corporate finance activities. Boon's experience includes financial reporting for both Canadian and U.S. listed companies with international subsidiaries, strategic planning, tax planning, corporate governance, equity financings and due diligence for acquisitions. Boon is currently also the CFO of Japan Gold Corp., Southern Arc Minerals Inc. and Canada Energy Partners Inc. Boon holds a Bachelor of Science degree from the University of British Columbia and is a Chartered Professional Accountant, CPA, CA.