Atlas Continues Work on the Carbon Free Project Located at the Idaho National Laboratory’s Desert Campus
November 30 2021 - 7:00AM
Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the
“Company”), a leading Infrastructure and Environmental solutions
provider, announced today that it has been awarded additional scope
as part of the team conducting the geotechnical investigation for
the Carbon Free Power Project (CFPP) at the Idaho National
Laboratory (INL). Atlas, as part of the Rizzo International team,
was awarded a $7 million contract to provide field and lab services
that will generate the necessary data to feed into the final
geotechnical report.
“Much of the current work on the nation’s first
small modular reactor (SMR) nuclear plant consists of studies to
gather data and information to include in the application to the
Nuclear Regulatory Commission,” said Dan King, Atlas Director of
CMT Program Services. “Atlas is pleased to be part of this
groundbreaking effort to provide affordable and clean energy - one
of 17 United Nations Sustainable Development Goals.” Atlas
professionals are monitoring the drilling operations of seven deep
exploration drill rigs and taking samples of materials during
drilling operations. Atlas’ team of professional engineers and
geologists then logs all the samples taken and transports them to a
long-term storage facility provided by the INL. This geotechnical
investigation will be a supporting document to the Combined
Construction and Operation License Application (COLA) for the
planned SMR project benefitting the Utah Associated Municipal Power
Systems (UAMPS).
“Atlas has more than 20 years of experience
working at INL, and we are proud to be part of this ‘first in the
world’ project that will provide firm, dispatchable, carbon-free
energy to participants and help usher in a new generation of
nuclear energy,” added Atlas CEO, L. Joe Boyer.
Nuclear reactors generate virtually
emission-free power, which means they can play a crucial role in
global efforts to lower emissions and reach the Paris climate
goals. SMR plants have a small environmental footprint and generate
carbon-free power which supports the net zero goals of the United
States government. They require only a small amount of fuel
compared to gas or coal and take up a fraction of the space
required for wind and solar farms.
Atlas is committed to prioritizing safety and a
healthy, hazard-free work environment for all who operate in,
visit, or enter their facilities and job sites.
About Atlas Technical
Consultants
Headquartered in Austin, Texas, Atlas is a
leading provider of Infrastructure and Environmental Solutions. We
partner with our clients to improve performance and extend
lifecycle of built and natural infrastructure assets stressed by
climate, health, and economic impacts. With 3,600+ employees
nationwide, Atlas brings deep technical expertise to public- and
private-sector clients, integrating services across four primary
disciplines: Environmental; Testing, Inspection and Certification;
Engineering & Design; and Program, Construction, and Quality
Management. To learn more about Atlas innovations for
transportation, commercial, water, government, education, and
industrial markets, visit https://www.oneatlas.com.
Forward-Looking Statements
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developments and their potential effects on us. There can be no
assurance that future developments affecting us will be those that
we have anticipated. These forward-looking statements involve a
number of risks, uncertainties (some of which are beyond our
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results or performance to be materially different from those
expressed or implied by these forward-looking statements. These
risks and uncertainties include, but are not limited to, those
described throughout our annual report on Form 10-K for the year
ended December 31, 2020 filed with the U.S. Securities and Exchange
Commission (“SEC”) on March 23, 2021, particularly the “Risk
Factors” section of such report and the factors described below:
(1) the ability to maintain the listing of the Company’s shares of
Class A common stock on Nasdaq; (2) the ability to recognize the
anticipated benefits of acquisitions, which may be affected by,
among other things, competition, the ability of the Company to grow
and manage growth profitably, maintain relationships with customers
and suppliers and retain management and key employees; (3) costs
related to acquisitions; (4) changes in applicable laws or
regulations; (5) the possibility that the Company may be adversely
affected by other economic, business, and/or competitive factors
(including as a result of COVID-19); and (6) other risks and
uncertainties indicated from time to time in the Company’s filings
with the SEC, including those under “Risk Factors” therein. Given
these risks and uncertainties, readers are cautioned not to place
undue reliance on such forward-looking statements. Readers are
urged to carefully review and consider the various disclosures made
in this press release and in documents we file from time to time
with the SEC that disclose risks and uncertainties that may affect
our business. Unless specifically indicated otherwise, the
forward-looking statements in this press release do not reflect the
potential impact of any divestitures, mergers, acquisitions, or
other business combinations that have not been completed as of the
date of this filing. In addition, the forward-looking statements in
this press release are made as of the date of its release,
including expectations based on third-party information and
projections that management believes to be reputable, and the
Company does not undertake, and expressly disclaims any duty, to
update such statements, whether as a result of new information, new
developments, or otherwise, except to the extent that disclosure
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Contacts:
MediaKarlene
Barron770-314-5270karlene.barron@oneatlas.com
Investor Relations Rodny
Nacier, ICR Inc.512-851-1507ir@oneatlas.com
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