Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU)
announced today that it was awarded a $2.6 million contract for the San
Diego County Regional Airport Authority. Insituform will rehabilitate
nearly 2,000 feet of 96-inch sanitary sewer pipes using its iPlus™
Composite system. Work is expected to begin June 1 and should be
completed by the end of August 2009.
Joe Lane, the General Manager for Insituform’s West Region, explained
some of the characteristics of this project. "The Airport Authority
recognized that the addition of a new terminal and parking area at the
airport would require the reinforcement of the existing sanitary sewer
in order to handle the increased loading on the underground pipe. In
addition to increasing the structural capabilities of the liner, the
project specifications required minimal reduction in flow capacity.
iPlus™ Composite, a fiber-reinforced, premium cured-in-place pipe (CIPP)
product that provides greater strength and stiffness with nearly half
the wall thickness of conventional CIPP products, is the ideal solution
for the Airport Authority.”
Other unique field conditions at the project site include soil
contaminants and high ground water. Lane continued, "Our crews have
successfully installed CIPP for over 35 years. We will work with the
Airport Authority as well as the general contractor, Charles King
Company, to ensure that the challenges of this project are addressed and
the Airport’s expectations are met.”
By combining innovative engineering technology with superior materials,
the iPlus™ Composite system is a fully structural pipeline
rehabilitation product suitable for a wide range of medium- to
large-diameter sanitary and storm sewers.
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, the Insituform® logo and iPlus™ Composite are the registered
and unregistered trademarks of Insituform Technologies, Inc. and its
affiliates.
