Matrix Service Company Announces Its Fabrication Facility Has Earned OSHA’s Highest Safety Designation
September 28 2017 - 7:30AM
Matrix Service Company (Nasdaq:MTRX)
announced today that the Matrix Service Inc. Catoosa Fabrication
facility has received the Voluntary Protection Program (VPP) Star
designation, the highest designation given by the Occupational
Safety & Health Association (OSHA). VPP Star status is reserved
for an elite group of employers and employees who demonstrate
exemplary achievement in the prevention and control of occupational
safety and health hazards, and serve as role models for
others. The Fabrication facility is one of only two heavy
metal fabrication facilities in the United States to have achieved
VPP Star status.
“We are very pleased to have received this
prestigious designation,” said Matrix Service Company President and
CEO, John R. Hewitt. “Safety is our Company’s number one core value
and a critical competitive business differentiator. Receipt of this
designation is a testament to the commitment of our employees and
our Company to establish and maintain a world-class safety culture.
It is the direct result of the hard work of our employees and their
focus on eliminating incidents all-together.”
Achieving VPP Star status is the most challenging
of the category designations and indicates the organization
receiving the designation has successfully demonstrated ongoing
planning, implementation, integration and control of four
interdependent elements: Management leadership and employee
involvement; Worksite analysis; Hazard prevention and control; and
Safety and health training.
“Employee involvement and commitment to safety is
foundational to our culture and to receiving the VPP Star
designation. Our receipt of this designation on our first
application is official recognition of the outstanding efforts of
our entire team to institute a zero incident safety culture,” said
Matrix Service Inc. President, James P. Ryan. “We are
extremely proud of our employees and their commitment to achieving
this goal.”
The Matrix Service Inc. Catoosa Fabrication
facility is a 215,000 square foot state of the art fabrication
facility under one roof, with both rail spur and water access. The
facility’s fabrication requires more than 45,000 tons of steel per
year, with its core business being the manufacture of above ground
tanks for the storage of crude and refined oil, liquid natural gas
and other specialty chemicals and hydrocarbons, as well as pressure
vessels, towers and drums. At the time of award, the facility had
completed nearly 870 days without a recordable incident, placing
them within the top one percent of fabrication facilities
nationwide.
About Matrix Service Company
Founded in 1984, Matrix Service Company is parent
to a family of companies that include Matrix Service Inc., Matrix
NAC, Matrix PDM Engineering and Matrix Applied Technologies. Our
subsidiaries design, build and maintain infrastructure critical to
North America’s energy, power and industrial markets. Matrix
Service Company is headquartered in Tulsa, Oklahoma with subsidiary
offices located throughout the United States and Canada, as well as
Sydney, Australia and Seoul, South Korea.
The Company reports its financial results based on
four key operating segments: Electrical Infrastructure, Storage
Solutions, Oil Gas & Chemical and Industrial. To learn more
about Matrix Service Company, visit matrixservicecompany.com.
For more information, please
contact:
Matrix Service
Company
Kevin S.
Cavanah
Vice President and
CFO
T:
918-838-8822
E:
kcavanah@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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