Primoris Services Corporation Announces EPC Award Valued Over $22 Million
May 21 2019 - 7:30AM
Primoris Services Corporation (NASDAQ Global Select:
PRIM) (“Primoris” or “Company”) today announced a new
engineering, procurement, and construction (“EPC”) award valued
over $22 million. The EPC award was secured by Primoris
Design and Construction, part of the Power, Industrial, and
Engineering segment.
- The EPC project was awarded by a major refinery customer for a
project in New Mexico.
- The project includes an isomerization unit and recovery of
saturated gas throughout the refinery for further processing within
the existing refinery units.
- Primoris Industrial Constructors, also part of the Power,
Industrial, and Engineering segment, will perform construction for
the project.
- Work is scheduled to begin immediately, and completion is
estimated for the third quarter of 2020.
ABOUT PRIMORISFounded in 1960,
Primoris, through various subsidiaries, has grown to become one of
the largest publicly traded specialty construction and
infrastructure companies in the United States. Serving diverse
end-markets, Primoris provides a wide range of construction,
fabrication, maintenance, replacement, water and wastewater, and
engineering services to major public utilities, petrochemical
companies, energy companies, municipalities, state departments of
transportation, and other customers. Growing both organically and
through acquisitions, the Company’s national footprint now extends
nearly nationwide and into Canada. For additional information,
please visit www.prim.com.
FORWARD LOOKING STATEMENTS This
press release contains certain forward-looking statements,
including with regard to the Company’s future performance. Words
such as "estimated," "believes," "expects," "projects," “may,” and
"future" or similar expressions are intended to identify
forward-looking statements. Forward-looking statements
inherently involve known and unknown risks, uncertainties, and
other factors, including without limitation, those described in
this press release and those detailed in the "Risk Factors" section
and other portions of our Annual Report on Form 10-K for the period
ended December 31, 2018, and other filings with the Securities and
Exchange Commission. Given these uncertainties, you should
not place undue reliance on forward-looking statements.
Primoris does not undertake any obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
under applicable securities laws.
Company
Contact
Kate TholkingVice President, Investor Relations(214)
740-5615ktholking@prim.com
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