Matrix PDM Engineering Awarded EPC for Expansion of Natural Gas Processing Facility to Double Existing Facility Capacity
March 15 2022 - 6:00AM
Matrix Service Company (Nasdaq: MTRX), a leading North American
industrial engineering and construction company, announced that an
industry leading company in the natural gas value chain has awarded
Matrix PDM the engineering, procurement, and construction of the
expansion of a natural gas processing facility to double existing
facility capacity.
“North American natural gas infrastructure for
gathering, processing, and transmission is critical to supporting
both global energy demand and the clean energy transition, and we
are pleased to support our client on this and other projects,” said
Matrix Service Company President and Chief Executive Officer
John R. Hewitt.
“Further, in addition to the increasing global
demand for energy, the current environment has highlighted the need
for ensuring safe, secure supplies of energy. In this environment,
as our clients evaluate their infrastructure needs, Matrix is
well-equipped to provide our services and expertise across the
traditional energy markets while also actively pursuing and winning
projects across the clean energy value chain, including LNG and
NGLs as well as other renewable fuels such as hydrogen.”
About Matrix Service
Company
Matrix Service Company (Nasdaq: MTRX), through its subsidiaries,
is a leading North American industrial engineering, construction,
and maintenance contractor headquartered in Tulsa, Oklahoma with
offices located throughout the United States and Canada, as well as
Sydney, Australia and Seoul, South Korea.
The Company reports its financial results in three key operating
segments: Utility and Power Infrastructure, Process and Industrial
Facilities, and Storage and Terminal Solutions.
With a focus on sustainability, building strong Environment,
Social and Governance (ESG) practices, and living our core values,
Matrix ranks among the Top Contractors by Engineering-News Record,
has been recognized for its Board diversification, is an active
signatory to CEO Action for Diversity and Inclusion, and is
recognized as a Great Place to Work®. To learn more about Matrix
Service Company, visit www.matrixservicecompany.com and read our
inaugural Sustainability Report.
For more information about Matrix, please
contact:
Kevin S. Cavanah |
Kellie Smythe |
Matrix Service Company |
Matrix Service Company |
Vice President and CFO |
Senior Director, Investor Relations |
T: 918-838-8822 |
T: 918-359-8267 |
Email: ir@matrixservicecompany.com |
Email: ksmythe@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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