TULSA, Okla., March 07, 2018 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq:MTRX) announced today that its subsidiary, Matrix Service Inc., the primary contractor for Ball Aerospace’s next-generation Thermal Vacuum Test Facility at Ball’s Fisher Complex in Boulder, Colo., has begun field construction on the project. The system will expand Ball’s environmental test capabilities and production capacity. Matrix is providing project management, engineering, fabrication, construction and systems integration, with Dynavac serving as technology partner for the design and fabrication of the high vacuum pumping system, control and data acquisition system and integrated thermal control system.
“We are honored to have been selected by Ball for this highly complex project, and are pleased to be entering the field construction phase, which marks a critical milestone,” said John R. Hewitt, CEO of Matrix Service Company. “Through our subsidiary, Matrix PDM Engineering, we have a long-standing history of work in the aerospace industry and are proud of our market leading position in the design of thermal vacuum chambers for aerospace companies and government research laboratories.”
Added Tom Foley, CEO of Dynavac, “Dynavac’s 25-year relationship with Ball Aerospace coupled with our established partnership with Matrix, provides a quality team focus towards commissioning a world-class test facility. The Matrix-Dynavac team brings a collaborative approach with the necessary expertise to complete a project of this magnitude and ensure a superior product is delivered to our customer.”
With field construction underway, the project is expected to be complete by mid-2019.
“This Thermal Vacuum Chamber allows us to simulate the harsh environmental conditions found in space, improving testing and quality for multiple sizes of spacecraft, instruments and components for our nation’s most critical scientific and national security systems,” said Mike Gazarik, vice president, engineering at Ball Aerospace.
About Matrix Service Company
Founded in 1984, Matrix Service Company is parent to a family of companies that include Matrix Service Inc., Matrix NAC, Matrix PDM Engineering and Matrix Applied Technologies. Our subsidiaries design, build and maintain infrastructure critical to North America’s energy, power and industrial markets. Matrix Service Company is headquartered in Tulsa, Oklahoma with subsidiary offices located throughout the United States and Canada, as well as Sydney, Australia and Seoul, South Korea.
The Company reports its financial results based on four key operating segments: Electrical Infrastructure, Storage Solutions, Oil Gas & Chemical and Industrial. To learn more about Matrix Service Company, visit matrixservicecompany.com
About Dynavac
Dynavac has been designing and manufacturing high-vacuum systems for space simulation, thin film deposition, and custom applications for over 30 years. Dynavac engineers are recognized throughout the industry for their expertise in high vacuum technology, machine design, and process technology. Its engineering expertise is matched by its extensive U.S.-based manufacturing capabilities, including a 40,000-sq.-ft. facility in Hingham, MA. Dynavac supports installations for customers in a wide variety of industries around the world, visit www.dynavac.com
About Ball Aerospace
Ball Aerospace pioneers discoveries that enable our customers to perform beyond expectation and protect what matters most. We create innovative space solutions, enable more accurate weather forecasts, drive insightful observations of our planet, deliver actionable data and intelligence, and ensure those who defend our freedom go forward bravely and return home safely. For more information, visit www.ball.com/aerospace or connect with us on Facebook or Twitter.
For more information, please contact:
Matrix Service Company
Kevin S. Cavanah
Vice President and CFO
+1-918-838-8822
Email:kcavanah@matrixservicecompany.com
Alpha IR Group Investor Relations
Robert Winters
T: 312-445-2870
E: MTRX@alpha-ir.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.
Source: Matrix Service Company
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