Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU)
announced today that it was awarded $6.7 million in sewer pipe
rehabilitation work for Pell City, Alabama, which has used a grant from
the American Recovery and Reinvestment Act of 2009 to award the largest
CIPP project in Pell City’s history to Insituform. Under this contract,
Insituform will rehabilitate approximately 115,000 feet of sewer
pipelines in residential and rural areas. This contract also marks the
first time Insituform has worked with Pell City, Alabama.
Insituform® cured-in-place pipe (CIPP) will be used to
eliminate inflow and infiltration on the 25-year old small- to medium-
diameter sanitary sewers. Work on this project is expected to begin in
February 2010 and take approximately one year to complete.
Bobby O’Dell, General Manager for Insituform’s Central Region, remarked,
"Pell City has realized the value of a CIPP solution and we are proud to
partner with them for the first time on this historic CIPP project. I am
confident our processes and experienced project management team will
meet the City’s high expectations.”
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.
