Montrose Environmental Group’s ECT2 Subsidiary Announces Five-Year Contract Renewal with Australian Department of Defence
July 22 2021 - 8:00AM
Business Wire
Montrose Environmental Group, Inc. (NYSE: MEG) today announced
that its subsidiary, Emerging Compounds Treatment Technologies,
Inc. (“ECT2”), has renewed its contract for five years with the
Australian Department of Defence [“Defence”] to operate and
maintain water treatment systems at three of the country’s military
bases. The $US43 million (AU$59 million GST inclusive) contract
carries an initial term of five years and provides for an
additional five extensions each for one year in duration, to be
determined at Defence’s discretion and subject to ongoing needs at
each military location.
In 2016, Defence engaged ECT2 for the removal of per- and
polyfluoroalkyl substances [“PFAS”] from water at RAAF Base
Williamtown in New South Wales, and Army Aviation Centre, Oakey in
Queensland. The following year the company was awarded new
contracts for an additional water treatment system for Williamtown
and two treatment systems at RAAF Base Tindal in the Northern
Territory. The five-year contract renewal comprises these three
primary military bases, as well as the interim water treatment
system at the Katherine Power and Water Corporation site in
Katherine, Northern Territory.
ECT2’s specialized regeneration technology sees PFAS-laden resin
regenerated for continuous use, minimizing waste generation that
would otherwise be sent to licensed thermal destruction facilities
for further management, or to landfill for future generations to
contend with. To date, ECT2 has successfully treated over 5 billion
liters of surface and ground water across Australia, ensuring that
PFAS concentrations in treated water consistently remain below the
recommended Australian health-based guidance.
The new contract began on July 13, 2021 with ECT2 confirming
that it will continue to support remote and regional employment
with its workforce of operators, administrative, technical and
management personnel, drawing from the local community in each of
the locations. ECT2 today employs 19 workers in the local
communities in direct support of its work with Defence.
About Montrose
Montrose is a leading environmental services company focused on
supporting commercial and government organizations as they deal
with the challenges of today, and prepare for what is coming
tomorrow. With more than 2000 employees across over 70 locations
around the world, Montrose combines deep local knowledge with an
integrated approach to design, engineering, and operations,
enabling the Company to respond effectively and efficiently to the
unique requirements of each project. From comprehensive air
measurement and laboratory services to regulatory compliance,
emergency response, permitting, engineering, and remediation,
Montrose delivers innovative and practical solutions that keep its
clients on top of their immediate needs – and well ahead of the
strategic curve. For more information, visit
www.montrose-env.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements may be identified by the use of
words such as “intend,” “expect”, and “may”, and other similar
expressions that predict or indicate future events or that are not
statements of historical matters. Forward-looking statements are
based on current information available at the time the statements
are made and on management’s reasonable belief or expectations with
respect to future events, and are subject to risks and
uncertainties, many of which are beyond the Company’s control, that
could cause actual performance or results to differ materially from
the belief or expectations expressed in or suggested by the
forward-looking statements. Further, many of these factors are, and
may continue to be, amplified by the COVID-19 pandemic. Additional
factors or events that could cause actual results to differ may
also emerge from time to time, and it is not possible for the
Company to predict all of them. Forward-looking statements speak
only as of the date on which they are made, and the Company
undertakes no obligation to update any forward-looking statement to
reflect future events, developments or otherwise, except as may be
required by applicable law. Investors are referred to the Company’s
filings with the Securities and Exchange Commission for additional
information regarding the risks and uncertainties that may cause
actual results to differ materially from those expressed in any
forward-looking statement.
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ECT2 Contact [Australia]
Vicki Pearce +61 407 540 295 vicki.pearce@ect2.com
Montrose Contacts [U.S.]
Investor Relations: Rodny Nacier (949) 988-3383
ir@montrose-env.com
Media Relations: Doug Donsky (646) 677-1844
Montrose@icrinc.com
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