Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU)
announced today that it has been awarded an historic tender in
Zoetermeer, The Netherlands. Nearly 10,000 feet of 36-inch pressure pipe
will be rehabilitated using Insituform RPP™. The project, which is the
largest single project Insituform has acquired in The Netherlands to
date, is expected to be completed by 2011 and is worth over US $4.0
million.
Insituform RPP™, an advanced, proven and non-disruptive technology that
extends the useful life of deteriorated and leaking pressure pipes, will
be used to rehabilitate several thousand meters of low pressure pipe in
The Netherlands. Insituform RPP™ has a construction similar to that of
standard Insituform® CIPP tubes. However, special fiberglass
reinforcement is included to address specific service conditions found
in pressure applications.
Bruce Frost, Vice President at Insituform, said, "We are proud of our
Netherlands management team’s ability to win competitively priced
tenders with long-term customers and provide trenchless solutions. This
type of significant, repeat customer contract contributes to securing a
healthy backlog for our crews in The Netherlands.”
About Insituform
Insituform Technologies, Inc. is a leading worldwide provider of
proprietary technologies and services for rehabilitating sewer, water
and other underground piping systems without digging or disruption. 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.
