Wholly owned subsidiary will initially pursue Alabama-based manufacturing of transformers and other critically needed electrical equipment

SPRING BRANCH, Texas, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Callan JMB Inc. (NASDAQ:CJMB) ("Callan JMB" or the "Company"), a diversified company focused on logistics, emergency preparedness and critical infrastructure today announced the formation of Callan Power LLC, a new wholly owned subsidiary which will focus on strengthening U.S. electrical infrastructure through the planned domestic manufacturing of transformers and other critically needed power-system equipment.

Callan Power intends to bring state-of-the-art, automated manufacturing capabilities to the Atlas Complex in Alabama to help address electrical equipment shortages, reduce reliance on foreign supply chains, and provide power companies with more dependable access to the infrastructure required to maintain, expand, and modernize the electrical grid.

The subsidiary will be based at the Atlas Complex, with future manufacturing operations planned for an Alabama State University-owned facility in Brewton.