Primoris Services Corporation Announces Pipeline Award Valued at Approximately $19 Million
July 13 2017 - 7:30AM
Primoris Services Corporation (NASDAQ:PRIM)
(“Primoris” or “Company”) today announced a new pipeline award
valued at approximately $19 million. The contract was secured
by ARB Underground, part of the Utilities & Distribution
segment.
- The project was awarded by a major pipeline company for work on
their refined products pipeline system in Northern
California.
- The project involves replacing 1.7 miles of existing 8”
pipeline that was installed in 1966. The new pipe will be
installed using horizontal directional drilling, which has less
impact on the environment than alternative methods such as open
trenching.
- Work on this project is scheduled to begin in the third quarter
of 2017, and completion is expected in the fourth quarter of
2017.
ABOUT PRIMORIS
Founded in 1960, Primoris, through various subsidiaries, has
grown to become one of the largest publicly traded specialty
construction and infrastructure companies in the United States.
Serving diverse end-markets, Primoris provides a wide range of
construction, fabrication, maintenance, replacement, water and
wastewater, and engineering services to major public utilities,
petrochemical companies, energy companies, municipalities, state
departments of transportation, and other customers. Growing both
organically and through acquisitions, the Company’s national
footprint now extends nearly nationwide and into Canada. For
additional information, please visit www.prim.com.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements,
including with regard to the Company’s future performance. Words
such as "estimated," "believes," "expects," "projects," “may,” and
"future" or similar expressions are intended to identify
forward-looking statements. Forward-looking statements
inherently involve known and unknown risks, uncertainties, and
other factors, including without limitation, those described in
this press release and those detailed in the "Risk Factors" section
and other portions of our Annual Report on Form 10-K for the period
ended December 31, 2016, and other filings with the Securities and
Exchange Commission. Given these uncertainties, you should
not place undue reliance on forward-looking statements.
Primoris does not undertake any obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
under applicable securities laws.
Company
Contact
Kate TholkingDirector of Investor Relations(214)
740-5615ktholking@prim.com
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