Matrix PDM Engineering Awarded Significant Scope on 200 Million Cubic Foot Per Day Cryogenic Gas Recovery Plant in Grady Coun...
March 28 2017 - 7:30AM
Matrix Service Company (Nasdaq:MTRX)
announced today that its subsidiary, Matrix PDM Engineering has
been awarded the engineering, project management, procurement and
commissioning of a 200 million cubic foot per day cryogenic gas
recovery plant located in the SCOOP play of Southern Oklahoma’s
Woodford Shale and Springer Shale formations.
“We are honored to have been selected to provide these services,
which supports our own growth strategy across the gas value chain
and is also representative of our commitment to continued
diversification and growth,” said John Hewitt, CEO of Matrix
Service Company. “This project is the first to be announced
following our acquisition of Houston Interests in December 2016 and
stands as proof of the significant engineering bench strength we
gained through this acquisition.”
Said Matrix PDM Engineering President, Brad Rinehart, “We are
extremely proud of our newest employees and the expertise they
bring to our organization across the energy, power and industrial
markets. We appreciate the trust the client has placed in us and
look forward to working in partnership to complete this
project.”
The project was awarded in December 2016 and is expected to be
complete by December 2017.
About Matrix Service Company
Founded in 1984, Matrix Service Company is
parent to a family of companies that include Matrix Service, Matrix
NAC, Matrix PDM Engineering and Matrix Applied Technologies. Our
subsidiaries design, build and maintain infrastructure critical to
North America’s energy, power and industrial markets. Matrix
Service Company is headquartered in Tulsa, Oklahoma with subsidiary
offices located throughout the United States and Canada, as well as
Sydney, Australia and Seoul, South Korea.
The Company reports its financial results based
on four key operating segments: Electrical Infrastructure, Storage
Solutions, Oil Gas & Chemical and Industrial. To learn more
about Matrix Service Company, visit matrixservicecompany.com
This release contains forward-looking statements that are made
in reliance upon the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
generally accompanied by words such as “anticipate,” “continues,”
“expect,” “forecast,” “outlook,” “believe,” “estimate,” “should”
and “will” and words of similar effect that convey future meaning,
concerning the Company’s operations, economic performance and
management’s best judgment as to what may occur in the future.
Future events involve risks and uncertainties that may cause actual
results to differ materially from those we currently anticipate.
The actual results for the current and future periods and other
corporate developments will depend upon a number of economic,
competitive and other influences, including those factors discussed
in the “Risk Factors” and “Forward Looking Statements” sections and
elsewhere in the Company’s reports and filings made from time to
time with the Securities and Exchange Commission. Many of these
risks and uncertainties are beyond the control of the Company, and
any one of which, or a combination of which, could materially and
adversely affect the results of the Company's operations and its
financial condition. We undertake no obligation to update
information contained in this release.
For more information, please contact:
Matrix Service Company
Kevin S. Cavanah
Vice President and CFO
+1-918-838-8822
Email: kcavanah@matrixservicecompany.com
Matrix Service (NASDAQ:MTRX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Matrix Service (NASDAQ:MTRX)
Historical Stock Chart
From Apr 2023 to Apr 2024