Hensel Phelps Construction Company Selects Matrix Service for EPC of Three Storage Tanks to Expand Jet Fuel Capacity at Houston Hobby Airport
May 10 2022 - 6:00AM
Matrix Service Company (Nasdaq: MTRX)
announced today that its subsidiary, Matrix Service Inc., has been
selected by Hensel Phelps Construction Company (“Hensel Phelps”)
for the engineering, procurement, and construction (EPC) of three
storage tanks for jet fuel at Houston Hobby Airport. The project is
part of an expansion at an existing fuel facility and will add an
additional 120,000 barrels in capacity.
Construction is expected to begin in early July 2022, with all
three tanks in-service by late 2022.
“As an industry leader in storage and terminal solutions, we are
pleased to be partnering with Hensel Phelps on this project to
increase capacity at their client’s fuel facility and to have the
opportunity to build a strong, long-term client relationship,” said
Matrix Service Company President and CEO, John R. Hewitt. “We are
very proud of our reputation for delivery of safe, quality work,
appreciate the trust and confidence Hensel Phelps has placed in
Matrix on this first award with their company, and look forward to
fulfilling our contract obligations safely, on-time, and on
budget.”
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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