Matrix Service Company Awarded Over $100 Million in Terminal Expansion Contracts
TULSA, Okla., May 9, 2014 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq:MTRX) announced today Enbridge Energy has awarded terminal expansion contracts in excess of $100 million to Matrix subsidiaries.
Matrix subsidiaries will provide engineering, fabrication, and construction services associated with aboveground storage tanks as part of Enbridge's terminal expansion program. All site, civil, tank design and fabrication, erection, testing and coatings services related to the new storage tanks will be completed at Enbridge's Stockbridge and Superior terminals.
John Hewitt, CEO of Matrix Service Company stated "Enbridge is a very important customer and we are pleased to be selected for their expansion projects in their Stockbridge and Superior Terminals. We look forward to delivering safe and successful projects for Enbridge."
About Matrix Service Company
Matrix Service Company provides engineering, fabrication, construction and repair and maintenance services to the Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial markets.
The Company is headquartered in Tulsa, Oklahoma, with regional operating facilities throughout the United States and Canada.
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.
CONTACT: Matrix Service Company
Kevin S. Cavanah
Vice President and CFO
T: 918-838-8822
Email:kcavanah@matrixservicecompany.com
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