American Pacific Borates Limited Selects Matrix Service to Construct Fort Cady Borate Mine Facility
February 08 2021 - 4:30PM
Matrix Service Company (Nasdaq: MTRX) announced today that its
subsidiary, Matrix Service Inc. (“Matrix Service”) has been
selected by American Pacific Borates Limited (“American Pacific” or
“APB”) for the first phase of construction of its Fort Cady Borate
Mine Facility in southern California. When completed, Phase One A
is targeted to produce 20,000 short tons per annum (stpa) of
potassium sulfate and 9,000 stpa of boric acid, with amounts
increasing in subsequent phases.
"We are extremely proud to have been selected by American
Pacific for the construction of this critical infrastructure, which
will expand their ability to provide the market with these
important industrial components,” said Matrix Service Company CEO
John R. Hewitt. “We look forward to helping them achieve their
objectives by delivering this project safely, with the highest
quality, on time and on budget."
Construction for this phase is expected to begin
in the first quarter of calendar 2021.
About Matrix Service Company
Matrix Service Company (Nasdaq: MTRX), through
its subsidiaries, is a leading North American industrial
engineering and construction contractor headquartered in Tulsa,
Oklahoma with offices located throughout the United States and
Canada, as well as Sydney, Australia and Seoul, South Korea.
The Company reports its financial results in
three key operating segments: Utility and Power Infrastructure,
Process and Industrial Facilities, and Storage and Terminal
Solutions.
With a focus on sustainability, building strong
Environment, Social and Governance (ESG) practices, and living our
core values, Matrix ranks among the Top 100 Contractors by
Engineering-News Record, was recognized for its Board
diversification by 2020 Women on Boards, is an active signatory to
CEO Action for Diversity and Inclusion, and is consistently
recognized as a Great Place to Work®. To learn more about Matrix
Service Company, visit matrixservicecompany.com
For more information about Matrix, please
contact:
Kevin S.
Cavanah |
Kellie
Smythe |
Matrix Service Company |
Matrix Service Company |
Vice President and CFO |
Senior Director, Investor Relations |
T: 918-838-8822 |
T: 918-359-8267 |
Email: ir@matrixservicecompany.com |
Email: ksmythe@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.
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