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Please replace the release with the following corrected version due to
multiple revisions to the second paragraph.
The corrected release reads:
SHAW AWARDED TASK ORDERS FOR PHOTOVOLTAIC AND ENERGY EFFICIENCY
IMPROVEMENT AT U.S. NAVY INSTALLATIONS
The Shaw Group Inc. (NYSE: SGR) today announced Atlantic Contingency
Constructors, LLC (ACC) has been awarded four task orders under a U.S.
Navy Indefinite Delivery/Indefinite Quantity (ID/IQ) contract for global
contingency construction awarded in 2006. ACC is a joint venture between
Shaw’s Environmental & Infrastructure Group and AECOM Government
Services, Inc. The work performed under the task orders will be for the
improvement, design and construction of sustainable energy systems at
Navy installations in the District of Columbia, Virginia, Maryland,
Florida, Mississippi and Texas.
The task orders, totaling up to $100 million, are funded through the
American Recovery and Reinvestment Act of 2009. This amount was
previously included in the company’s backlog of unfilled orders.
ACC will perform building and lighting efficiency surveys to optimize
the performance of various photovoltaic (PV) systems that will be
designed and constructed as part of these task orders. The systems may
include rooftop- , carport- and ground-mounted systems, as well as solar
ventilation preheat and other solar energy systems.
"Federal government agencies continually are moving toward using
renewable energy to power their operations and need solutions that
address the challenge of fulfilling energy demand with cost-effective
solutions and minimal environmental impact,” said George Bevan,
president of Shaw’s Environmental & Infrastructure Group. "Shaw’s
expertise in design and construction will help the U.S. Navy achieve a
more sustainable, cost-effective energy system to meet their current and
The Shaw Group Inc. is a leading global provider of technology,
engineering, procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation and facilities management
services for government and private sector clients in the energy,
chemicals, environmental, infrastructure and emergency response markets.
A Fortune 500 company with fiscal year 2008 annual revenues of $7
billion, Shaw is headquartered in Baton Rouge, La., with offices and
operations in North America, South America, Europe, the Middle East and
the Asia-Pacific region. Shaw is the power sector industry leader
according to Engineering News-Record's list of Top 500 Design Firms. For
further information, please visit Shaw's Web site at www.shawgrp.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor” for certain forward-looking statements. The statements contained
herein that are not historical facts (including without limitation
statements to the effect that the Company or its management "believes,”
"expects,” "anticipates,” "plans” or other similar expressions) and
statements related to revenues, earnings, backlog or other financial
information or results are forward-looking statements based on the
Company’s current expectations and beliefs concerning future
developments and their potential effects on the Company. There can be no
assurance that future developments affecting the Company will be those
anticipated by the Company. These forward-looking statements involve
significant risks and uncertainties (some of which are beyond our
control) and assumptions and are subject to change based upon various
factors. Should one or more of such risks or uncertainties materialize,
or should any of our assumptions prove incorrect, actual results may
vary in material respects from those projected in the forward-looking
statements. The Company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. A description of some of the
risks and uncertainties that could cause actual results to differ
materially from such forward-looking statements can be found in the
Company’s reports and registration statements filed with the Securities
and Exchange Commission, including its Form 10-K and Form 10-Q reports,
and on the Company’s Web site under the heading "Forward-Looking
Statements.” These documents are also available from the Securities and
Exchange Commission or from the Investor Relations department of Shaw.
For more information on the company and announcements it makes from time
to time on a regional basis, visit our Web site at www.shawgrp.com.