Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) has
been awarded an additional $7.7 million sewer contract from the
Metropolitan District Commission (MDC) in Hartford, Connecticut for the
rehabilitation of over 200,000 linear feet of 6- to 30-inch sewer lines
using Insituform® cured-in-place pipe (CIPP). This award is
in addition to the $10.3 million contract MDC signed with Insituform
last November.
Crews will install Insituform® CIPP using the air inversion steam cure
(AISC) method, which uses air to invert the CIPP tube and then steam to
cure the resin. Using the AISC method can reduce the amount of water
used during installation by nearly 95 percent. The project is expected
to begin in June 2009 and be completed by December 2010.
"We are pleased to continue our relationship with MDC with this
additional project. Our experienced crews and management team are
dedicated to exceeding MDC’s expectations on every project,” said Jim
Newkirk, General Manager for Insituform’s East Region.
Insituform® CIPP is a jointless pipe-within-a-pipe used to
rehabilitate pipes ranging in diameter from 6 to 96 inches. Suitable for
repair of sanitary sewers, storm sewers and force mains, Insituform®
CIPP extends the life of existing infrastructure by approximately 100
years. Rehabilitating sewer pipelines with Insituform® CIPP reduces
infiltration, restores structural integrity and increases flow capacity
without disruption to communities, typically at a lower cost than dig
and replace solutions.
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.
