Matrix NAC Awarded Critical Equipment Erection Work by Gemma Power for Expansion of Exelon Medway Generation Facility
December 05 2017 - 4:00AM
Matrix Service Company (Nasdaq:MTRX) announced that its subsidiary,
Matrix North American Construction (Matrix NAC) has been selected
as a subcontractor by Gemma Power Systems, LLC, the Engineering,
Procurement and Construction (EPC) contractor for the Exelon West
Medway II, LLC 200 megawatt (MW) dual-fuel Simple Cycle Power Plant
in Medway, Massachusetts. Matrix NAC’s scope of work encompasses
critical equipment erection, including centerline installation, as
well as the stacks and selective catalytic reduction (SCR)
system.
“We are extremely proud to have been awarded this work by Gemma
Power Systems and look forward to working with them to complete
this important project. This award demonstrates the trust
that companies such as Gemma Power and Exelon have in our people
and our expertise,” said Matrix Service Company President and Chief
Executive Officer John R. Hewitt. “It also represents our strategic
shift toward working with industry-leading EPC contractors like
Gemma Power Systems to focus on the power generation work for which
Matrix NAC is known.”
The new facility will be constructed on a 70-acre site adjacent
to Exelon’s existing 173 MW Medway Generating Station and will
feature two 100 MW General Electric LMS100 combustion turbine
generators. Construction and commissioning is planned to be
complete in 2018.
About Matrix Service CompanyFounded in 1984,
Matrix Service Company is parent to a family of companies that
include Matrix Service, 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
About Gemma Power Systems, LLC:
Gemma Power Systems, a wholly owned subsidiary of Argan Inc.
(NYSE:AGX), is a leading Engineering, Procurement and Construction
(EPC) company providing innovative solutions for the power and
renewable energy industry. Our wide-ranging and comprehensive
experience includes 14,500 MW of installed capacity including
combined cycle and simple cycle gas turbine generating plants,
biomass, solar facilities, wind farms, biofuel plants and
environmental facilities. Additional information about Gemma
Power Systems can be found at www.gemmapower.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.
For more information, please
contact:
MATRIX SERVICE COMPANY
Kevin S. CavanahVice President and CFOT:
918-838-8822E: kcavanah@matrixservicecompany.com
GEMMA POWER SYSTEMS:
Sandra AhearnMedia ContactT: 860-659-0509 M: 860-729-7337E:
sandraahearn@gemmapower.com
Alpha IR Group Investor
RelationsRobert Winters T: 312-445-2870E:
MTRX@alpha-ir.com
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