Aegion Corporation Receives $5.6 Million Contract From The City of Dallas, Texas
ST. LOUIS--(BUSINESS WIRE)-- Aegion Corporation (AEGN) (Aegion or the Company) (Nasdaq Global Select Market: AEGN) today announced that its subsidiary, Insituform Technologies, LLC (Insituform), has been awarded a three-year term contract valued at approximately $5.6 million from the City of Dallas, Texas.
Insituform will perform wastewater pipeline rehabilitation using its Insituform® Cured-in-Place Pipe (CIPP) throughout the City of Dallas from January 2013 until December 2015.
Jeff Kowal, Vice President and General Manager of Insituform's East Region, said, Insituform has worked with the City of Dallas on multiple occasions and we are happy to again partner with them to provide a high-quality rehabilitation solution. Our project management and operations teams will work closely with the City of Dallas to ensure that we are exceeding the requirements of this term contract.
As part of the agreement, Insituform will utilize several minority and woman owned businesses to perform vital functions supporting the installation of Insituform® CIPP.
About Aegion Corporation
Aegion Corporation is a global leader in infrastructure protection, providing proprietary technologies and services to protect against the corrosion of industrial pipelines and for the rehabilitation and strengthening of sewer, water, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures. More information about Aegion can be found on its internet site at www.aegion.com.
About Insituform Technologies, LLC
For over forty years, Insituform Technologies, LLC, a subsidiary of Aegion Corporation, has been a global leader in the development and installation of proprietary technologies and services for rehabilitating sewer, water and other underground piping systems without digging or disruption. More information about Insituform Technologies can be found on its Internet site at www.insituform.com.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. The Company makes forward-looking statements in this news release that represent the Companys beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to the Company and on managements beliefs, assumptions, estimates or projections and are not guarantees of future events or results. When used in this document, the words anticipate, estimate, believe, plan, intend, may, will and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks, uncertainties and assumptions, including those referred to in the Risk Factors section of the Companys Annual Report on Form 10-K for the year ended December 31, 2012, as filed with the Securities and Exchange Commission on February 28, 2013, and in the Companys subsequent quarterly reports on Form 10-Q. In light of these risks, uncertainties and assumptions, the forward-looking events may not occur. In addition, the Companys actual results may vary materially from those anticipated, estimated, suggested or projected. Except as required by law, the Company does not assume a duty to update forward-looking statements, whether as a result of new information, future events or otherwise. Investors should, however, review additional disclosures made by the Company from time to time in its periodic filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward-looking statements made by the Company in this news release are qualified by these cautionary statements.
Aegion ®, Insituform® and the Aegion ® logo are the registered trademarks of Aegion Corporation and its affiliates.
David F. Morris, 636-530-8000
Senior Vice President and Chief Administrative Officer
Source: Aegion CorporationCopyright Business Wire 2013