Matrix Service Selected to Construct Tankage for Federated Co-Operatives near Carseland, Alberta, Canada
Matrix Service Selected to Construct Tankage for Federated Co-Operatives near Carseland, Alberta, Canada
Jun 30, 2010 at 12:00 AM EDT
Matrix Service Selected to Construct Tankage for Federated Co-Operatives near Carseland, Alberta, CanadaMatrix Service Co. (Nasdaq:MTRX - News) today announced that its subsidiary, Matrix Service ULC, has been awarded a contract in excess of CAD $25 million with Federated Co-operatives Limited (FCL) for the engineering, fabrication and construction of aboveground fuel storage tanks near Carseland, Alberta, Canada.
"We are pleased to be selected to construct the aboveground storage tanks for FCL's new terminal near Carseland, Alberta," said Michael J. Bradley, president and CEO of Matrix Service Company. "This project is significant and reflects our continued expansion and diversification outside of the United States."
About Matrix Service Company
Matrix Service Company provides engineering, construction and repair and maintenance services principally to the petroleum, petrochemical, power, bulk storage terminal, pipeline and industrial gas industries.
The Company is headquartered in Tulsa, Oklahoma, with regional operating facilities located in California, Delaware, Illinois, Michigan, New Jersey, Oklahoma, Pennsylvania, Texas, and Washington in the U.S. and in 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.
About Federated Co-operatives Limited
Federated Co-operatives Limited (FCL), located in Saskatoon, Saskatchewan, Canada provides wholesale, manufacturing, and administrative services to approximately 250 member-owner retail co-ops in western Canada. These retail co-ops in turn serve over 1.3 million individual members. Federated members have access to petroleum products through the co-op's refiner Consumers' Co-operative Refineries Limited (CCRL). CCRL is a wholly-owned subsidiary of Federated Co-operatives Limited and owns and operates the Regina, Saskatchewan Refinery facilities and the NewGrade Energy Inc. Upgrader. The CCRL Refinery Complex is a totally integrated facility from an operational perspective.
For more information, please contact:
Matrix Service Company
Tom Long
Vice President and CFO
T: 918-838-8822
"We are pleased to be selected to construct the aboveground storage tanks for FCL's new terminal near Carseland, Alberta," said Michael J. Bradley, president and CEO of Matrix Service Company. "This project is significant and reflects our continued expansion and diversification outside of the United States."
About Matrix Service Company
Matrix Service Company provides engineering, construction and repair and maintenance services principally to the petroleum, petrochemical, power, bulk storage terminal, pipeline and industrial gas industries.
The Company is headquartered in Tulsa, Oklahoma, with regional operating facilities located in California, Delaware, Illinois, Michigan, New Jersey, Oklahoma, Pennsylvania, Texas, and Washington in the U.S. and in 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.
About Federated Co-operatives Limited
Federated Co-operatives Limited (FCL), located in Saskatoon, Saskatchewan, Canada provides wholesale, manufacturing, and administrative services to approximately 250 member-owner retail co-ops in western Canada. These retail co-ops in turn serve over 1.3 million individual members. Federated members have access to petroleum products through the co-op's refiner Consumers' Co-operative Refineries Limited (CCRL). CCRL is a wholly-owned subsidiary of Federated Co-operatives Limited and owns and operates the Regina, Saskatchewan Refinery facilities and the NewGrade Energy Inc. Upgrader. The CCRL Refinery Complex is a totally integrated facility from an operational perspective.
For more information, please contact:
Matrix Service Company
Tom Long
Vice President and CFO
T: 918-838-8822
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