Matrix Service Awarded EPC of LNG Peak Shaving Facility
The Company will take this project into backlog in the fourth quarter of Fiscal 2020.
The facility, which includes a 1+ billion cubic foot (Bcf) LNG storage tank, is being constructed to meet system reliability for the supply of natural gas to customers in a major metropolitan area and its surrounding counties. Construction is expected to begin in the third quarter of calendar year 2020 with an estimated in-service date in the fourth quarter of 2022.
“As an industry leader with more than four decades of experience in low-temperature and cryogenic tanks and terminals, we are very pleased to have been awarded this important project,” said Matrix Service Company’s President and Chief Executive Officer,
Founded in 1984,
The Company reports its financial results based on four key operating segments: Electrical Infrastructure, Storage Solutions, Oil Gas & Chemical and Industrial.
With a culture driven by its core values of safety, integrity, stewardship, positive relationships, community involvement and delivering the best, Matrix has twice been named to
For more information about Matrix, please contact:
|Vice President and CFO||Senior Director, Investor Relations|
|T: 918-838-8822||T: 918-359-8267|
|Email: firstname.lastname@example.org||Email: email@example.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
Source: Matrix Service Company