Great Lakes Announces Significant Agreement with Texas A&M University
March 31 2022 - 4:05PM
Great Lakes Dredge & Dock Corporation ("Great Lakes" or the
“Company”) (NASDAQ: GLDD), the largest provider of dredging
services in the United States announced today the signing
of an important agreement with the College of Engineering at Texas
A&M University to provide funding and technical support for
what will become the Great Lakes Dredge & Dock Laboratory of
Dredging and Coastal Studies.
Lasse Petterson, President and Chief Executive Officer at Great
Lakes, and Dr. John Hurtado, Interim Dean of the College of
Engineering at Texas A&M signed the agreement which further
cultivates the long-standing relationship between the University
and Great Lakes.
Lasse Petterson from Great Lakes commented, “Our Company has had
a long and robust relationship with Texas A&M that has included
research, participation in dredging short courses, and advocacy for
the ocean and coastal engineering profession. This agreement will
allow us to formalize and build on that relationship. I noted
two years ago that the proximity to Texas A&M at both the
College Station and Galveston campuses was an important
consideration in our decision to move our corporate headquarters to
Houston.”
Dr. Hurtado from Texas A&M noted, “We have always enjoyed
Great Lakes’ ongoing engagement with the College of Engineering and
are excited to see our dredging and coastal studies program attract
this attention and investment. The Department of Ocean Engineering
is an important part of our future as we support not only dredging
and coastal challenges but also important natural infrastructure
opportunities. Great Lakes has always been a major employer of our
Texas A&M engineers and we are thankful for their continued
support and look forward to growing our relationship.”
Dr. Sharath Girimaji, Ocean Engineering Department Head at Texas
A&M, added, “The Ocean Engineering Department is very pleased
to partner with Great Lakes in seeking novel solutions for a
variety of coastal issues including dredging, offshore wind and
marshland/wetland resiliency. Together Great Lakes and Texas
A&M can elevate the ocean and coastal engineering professions
to new heights.”
Attending the ceremony from Great Lakes was Lasse Petterson,
Chris Gunsten, Dave Johanson, Dane Nelson, and Bill Hanson. The
Texas A&M College of Engineering was represented by Dr. John
Hurtado, Sharath Girimaji, Meredith Brown, Professors of Practice,
David Ford and Autumn Leveridge and Dr. Bob Randall, long time
ocean engineering professor and mentor to many generations of Texas
A&M ocean engineers.
The Company
Great Lakes Dredge & Dock Corporation is the
largest provider of dredging services in the United States. In
addition, the Company has a long history of performing significant
international projects. The Company employs experienced civil,
ocean and mechanical engineering staff in its estimating,
production and project management functions. In its over 131-year
history, the Company has never failed to complete a marine project.
Great Lakes owns and operates the largest and most diverse fleet in
the U.S. dredging industry, comprising over 200 specialized
vessels. Great Lakes has a disciplined training program for
engineers that ensures experienced-based performance as they
advance through Company operations. The Company’s Incident-and
Injury-Free® (IIF®) safety management program is integrated into
all aspects of the Company’s culture. The Company’s commitment to
the IIF® culture promotes a work environment where employee safety
is paramount.
Cautionary Note Regarding
Forward-Looking Statements Certain statements in this
press release may constitute "forward-looking" statements as
defined in Section 21E of the Securities Exchange Act of 1934 (the
"Exchange Act"), the Private Securities Litigation Reform Act of
1995 (the "PSLRA") or in releases made by the Securities and
Exchange Commission (the "SEC"), all as may be amended from time to
time. Such forward-looking statements involve known and unknown
risks, uncertainties and other important factors that could cause
the actual results, performance or achievements of Great Lakes and
its subsidiaries, or industry results, to differ materially from
any future results, performance or achievements expressed or
implied by such forward-looking statements. Statements that are not
historical fact are forward-looking statements. These cautionary
statements are being made pursuant to the Exchange Act and the
PSLRA with the intention of obtaining the benefits of the "safe
harbor" provisions of such laws. Great Lakes cautions investors
that any forward-looking statements made by Great Lakes are not
guarantees or indicative of future events.
Although Great Lakes believes that its plans,
intentions and expectations reflected in this press release are
reasonable, actual events could differ materially. The
forward-looking statements contained in this press release are made
only as of the date hereof and Great Lakes does not have or
undertake any obligation to update or revise any forward-looking
statements whether as a result of new information, subsequent
events or otherwise, unless otherwise required by law.
For further information
contact: Tina BaginskisDirector,
Investor Relations630-574-3024
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