The City of Atlanta’s Department of Watershed Management has awarded
Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) two
contracts with a combined value of $15.9 million for the rehabilitation
of sewer pipes in Atlanta neighborhoods as part of the City’s Clean
Water Atlanta Program.
Jim Newkirk, General Manager for Insituform’s East Region, noted,
"Insituform has rehabilitated approximately 150 miles of sewer pipelines
for the City of Atlanta since 1989. We have dedicated resources to the
City in order to help them meet the demands of its Clean Water Atlanta
Program.” As the general contractor on this project, Insituform will
utilize local minority contractors for various aspects of this project.
The project will rehabilitate over 65,000 feet of small diameter
sanitary sewers across the Atlanta area. Work on this project is
expected to begin in January 2010 and take approximately fifteen months
to complete.
"The Department of Watershed is tasked through the Clean Water Atlanta
Program to rehabilitate hundreds of miles of sewer. These two contracts
play an integral role in helping the City of Atlanta meet its goals and
control the expenses of the system overhaul so those costs are not
passed on to Atlanta residents,” said Newkirk. "We are prepared to
proceed immediately and look forward to working with the City on these
contracts.”
Referring to the City’s efforts to comply with U.S. EPA Consent Decree
mandates for Atlanta’s water systems, Mayor Shirley Franklin of Atlanta
recently said, "Hundreds of dedicated employees and experienced
professionals [work] to ensure that the City’s Clean Water Program meets
federal standards and that the City fulfills its obligations to repair
and upgrade our century old water/sewer system. I am extraordinarily
proud of the City’s commitment to Clean Water and to its management of
this complex $4 billion program.”
The Insituform® CIPP process is Insituform’s core technology
and an affordable solution used to reduce infiltration, restore
structural integrity and increase flow capacity.
For photography, an interview, or more information on the CIPP process
and how it works, please contact Aura Joyce at 636-530-8775 or ajoyce@insituform.com.
About Insituform
Insituform Technologies, Inc. is a leading worldwide provider of
proprietary technologies and services for rehabilitating sewer, water,
energy and mining piping systems and the corrosion protection of
industrial pipelines. More information about the Company can be found on
its internet site at www.insituform.com.
Forward-Looking Statements
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
Company’s beliefs or expectations about future events or financial
performance. These forward-looking statements are based on information
currently available to the Company and on management’s 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
Company’s Annual Report on Form 10-K for the year ended December 31,
2008, as filed with the Securities and Exchange Commission on March 2,
2009, and in our subsequent quarterly reports on Form 10-Q. In light of
these risks, uncertainties and assumptions, the forward-looking events
may not occur. In addition, our actual results may vary materially from
those anticipated, estimated, suggested or projected. Except as required
by law, we do not assume a duty to update forward-looking statement,
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.
Insituform and the Insituform® logo are the registered trademarks of
Insituform Technologies, Inc. and its affiliates.
