Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU)
announced today that it was awarded $13 million in sewer pipe
rehabilitation work for Nevada’s Clark County Water Reclamation
District. The project will rehabilitate approximately 14,000 feet of 36”
to 60” large diameter sewer pipe. Work is expected to begin within
thirty days and should be completed by March 2010.
"We have provided trenchless rehabilitation solutions for the Clark
County Water Reclamation District for several years and are excited to
continue our work in this area. I am confident our high-quality product,
customer service and methods will ensure a successful project for
Insituform and Clark County,” said Joe Lane, General Manager for
Insituform West Region. "We'll also continue to work with experienced
and qualified subcontractors to efficiently and effectively complete
this project,” Lane continued.
Insituform, a pre-qualified contractor with the Clark County Water
Reclamation District, will use its Insituform®
cured-in-place-pipe (CIPP) technology for this project. The Insituform®
CIPP process is an affordable solution to rehabilitate sanitary
sewers, storm sewers and force mains and can reduce infiltration,
restore structural integrity and increase flow capacity. Insituform®
CIPP is a jointless pipe-within-a-pipe with the capability to
rehabilitate pipes ranging in diameter from 6- to 96-inches.
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,
2007, as filed with the Securities and Exchange Commission on March 10,
2008, 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®, the Insituform® logo and Clean water
for the world® are the registered trademarks of Insituform
Technologies, Inc. and its affiliates.
