Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU)
announced today that it has been awarded an additional $5.1 million
contract for a sewer pipe rehabilitation project for Nevada’s Clark
County Water Reclamation District. Insituform will begin work on this
project in June 2009 and will rehabilitate approximately 23,000 feet of
15- to 48-inch diameter sewer pipes. This project is in addition to the
Company’s recently announced contract award of $13 million from Clark
County for the rehabilitation of 14,000 feet of large-diameter sewer
pipes.
"Clark County Water Reclamation District understands the importance of
asset management and the benefits of trenchless pipeline rehabilitation.
Since 2005, Insituform has been awarded eight sewer rehabilitation
projects with the County, and we are pleased to continue our ongoing
relationship with them,” said Joe Lane, General Manager for Insituform’s
West Region. "Our project management and execution teams will work with
Clark County to ensure the successful completion of these projects.”
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,
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.
