AUSTIN, Texas, May 3, 2022 (GLOBE NEWSWIRE). Atlas Technical Consultants, Inc. (Nasdaq : ATCX) (Atlas or the Company) announced today that it has been selected to provide Environmental Capital Construction Support services to the Los Angeles County Metropolitan Transportation Authoritys’ (Metro) major transit capital capital projects, other capital projects, or Metro Property Improvements. The contract for bench task orders is valued at $85.90million with $82.65million for a 3-year term. There are additional options of $1.65million for the first year and $1.60million for the second. Atlas expects to book at minimum $12 million in this contract. There is potential for additional bookings if work is released by the customer and approved by Atlas over the contract term.
Under the contract, Atlas will provide a number of services from its portfolio to support the handling of environmental waste, hazardous materials, and certain environmental-related construction services. Atlas will also help Metro plan, direct, and control all sampling and preparation of hazardous waste and materials. Metro will be able to solve complex environmental and engineering problems thanks to the extensive Atlas environmental professional resources as well as their comprehensive knowledge of local, state, federal and federal environmental laws and regulations.
Atlas has completed thousands of engineering and environmental projects for public and private entities in the Greater Los Angeles area. We are proud to offer our environmental expertise to Metro in implementing sustainable and environmentally-friendly solutions, stated L. Joe Boyer, Atlas CEO. This project is a great example our broad portfolio of highly-technical service we offer to our customers. It also highlights our ability to work with some of the most important infrastructure projects in the world.
Metro is the transportation planner, coordinator, designer, builder and operator for Los Angeles County’s public transit system. It covers more than 1,400 miles and supports approximately 10 million people who live and work in the service area.
Atlas Technical Consultants
Atlas, a leading provider in Infrastructure and Environmental Solutions, is headquartered in Austin, Texas. Our clients benefit from our partnership to improve performance and extend the lifespan of their natural and built infrastructure assets that are subject to climate, health, economic and other impacts. With 3,600+ employees nationwide, Atlas brings deep technical expertise to public- and private-sector clients, integrating services across four primary disciplines: Environmental (ENV); Testing, Inspection and Certification (TIC); Engineering & Design (E&D); and Program Management/Construction Management, and Quality Management (PCQM). To learn more about Atlas innovations for transportation, commercial, water, government, education, and industrial markets, visit https://www.oneatlas.com.
Forward-Looking Statements
Forward-looking statements include statements that are not historical and are contained in this press statement. Forward-looking statements include statements about our or our management team’s expectations, beliefs, intentions, or strategies for the future. Atlas and its management provided this information. Forward-looking statements also include statements about the management teams’ expectations, hopes and beliefs, as well as their strategies for the future. Forward-looking statements include statements that make projections, forecasts, or any other description of future events or conditions, including any underlying assumptions. Forward-looking statements may be identified by the words anticipate, believe and continue, could, estimate or might, plan, potential, predicts, project, should, would, and similar expressions. However, the absence of these words does NOT mean that a statement cannot be considered forward-looking. Forward-looking statements in this press release reflect our current beliefs and expectations regarding future developments and their potential impacts on us. They are based upon management’s experience and perceptions of historical trends, current conditions, and anticipated future developments, as well as other factors considered appropriate. We cannot guarantee that future developments will be as anticipated. These forward-looking statements are subject to a variety of uncertainties, including those beyond our control. They also may be affected by assumptions and other risks that could cause actual results or performance not to match those implied or expressed in these forward-looking statements. These risks and uncertainty include, but not limited to: (1) The effect, impact, duration or other consequences of the COVID-19 epidemic and any expectations we may harbor with respect to them; (2) The risk that our actual results will differ from our guidance; (3) The ability to recognize the benefits of past acquisitions, which may also be affected, among others, by competition, the Company’s growth and management, relationships with customers and suppliers, and retention of management and key employees; and (4) Changes adversely affecting the business where we are involved; (7) Other risks and uncertainties,
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Media
Karlene Barron
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Investor Relations
Chase Jacobson, Vallum Advisors
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