City of Toronto Awards Tetra Tech Innovative Water Management Contract
September 17 2020 - 9:00AM
Business Wire
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end
consulting and engineering services, announced today that Toronto
Water has awarded Tetra Tech a single-award, five-year, $4.3
million contract to implement innovative technology solutions to
manage its wastewater treatment system.
Tetra Tech will provide innovative solutions to Toronto Water in
designing and implementing advanced real-time control (RTC)
technologies to reduce combined sewer overflows and decrease peak
flows to the Ashbridges Bay Treatment Plant, the City’s primary
sewage treatment facility and Canada’s largest secondary wastewater
treatment plant. Tetra Tech will perform advanced analytics using
real-time sensor data, weather forecast information, and
operational data to optimize the performance of the existing sewer
network as well as future facilities.
“Tetra Tech has implemented many advanced real-time control
systems for water management clients in Canada, the United States,
and Europe,” said Dan Batrack, Tetra Tech Chairman and CEO. “Our
cutting-edge Csoft® analytics and automation platform has saved our
clients more than a billion dollars in potential capital costs,
reduced flooding, and improved the quality of receiving waters. We
look forward to our continued relationship with the City of Toronto
to develop a state-of-the-art system that protects human health and
the environment.”
The City is investing more than $3 billion in the Don River and
Central Waterfront and Connected Projects to greatly improve water
quality in the Lower Don River, Taylor Massey-Creek and along
Toronto's Inner Harbour by keeping combined sewer overflow out of
the waterways through the upgrading of technology and capacity to
capture, store and treat it. For more information on the project
visit: toronto.ca/drcw-project.
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and
engineering services for projects worldwide. With 20,000 associates
working together, Tetra Tech provides clear solutions to complex
problems in water, environment, infrastructure, resource
management, energy, and international development. We are Leading
with Science® to provide sustainable and resilient solutions for
our clients. For more information about Tetra Tech, please visit
tetratech.com, follow us on Twitter (@TetraTech), or like us on
Facebook.
Any statements made in this release that are not based on
historical fact are forward-looking statements. Any forward-looking
statements made in this release represent management’s best
judgment as to what may occur in the future. However, Tetra Tech’s
actual outcome and results are not guaranteed and are subject to
certain risks, uncertainties and assumptions ("Future Factors"),
and may differ materially from what is expressed. For a description
of Future Factors that could cause actual results to differ
materially from such forward-looking statements, see the discussion
under the section "Risk Factors" included in the Company’s Form
10-K and Form 10-Q filings with the Securities and Exchange
Commission.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200917005196/en/
Jim Wu, Investor Relations Charlie MacPherson, Media &
Public Relations (626) 470-2844
Tetra Tech (NASDAQ:TTEK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Tetra Tech (NASDAQ:TTEK)
Historical Stock Chart
From Sep 2023 to Sep 2024