O.I. Corporation Announces $5.68 Million Contract for MINICAMS(R)
28 Agosto 2009 - 12:20PM
Marketwired
O.I. Corporation (NASDAQ: OICO) today announced that its
wholly-owned subsidiary, CMS Field Products, has received a
contract for approximately $5.68 Million to provide a chemical
agent monitoring system based on its MINICAMS® product.
Bechtel National, Inc., under contract with the U.S. Army, will
purchase MINICAMS® and associated equipment from CMS for
installation at the Pueblo Chemical Agent-Destruction Pilot Plant
currently being constructed in Pueblo, Colorado. The equipment will
be used primarily for low-level air monitoring at the facility to
warn workers if there is an unexpected release of chemical agents
during their destruction. CMS will begin work under the contract
immediately, with partial shipments scheduled to occur over the
next year and a half. Initial deliverables under the contract will
be provided in the fourth quarter of 2009.
Don Segers, President and Chief Operating Officer,
commented,
"We are very pleased that CMS has been awarded this contract to
provide air-monitoring instruments for the Pueblo Chemical
Agent-Destruction Pilot Plant. At CMS, we have over 20 years of
experience in providing reliable chemical agent air-monitoring
technology for projects both large and small. We believe that the
selection of MINICAMS® for this vital role in ensuring worker
safety is a strong endorsement of the innovative technology
developed at OI. We take this responsibility very seriously and
look forward to working with Bechtel on this significant
demilitarization project for the U.S. Government."
MINICAMS® is a registered trademark of O.I. Corporation.
About O.I. Corporation:
O.I. Corporation, dba OI Analytical, develops, manufactures,
sells, and services analytical instrumentation that detects,
measures, analyzes, and monitors chemicals in liquids, solids, and
gases. Providing products used to digest, extract, and separate
components of chemical mixtures, the Company designs
application-specific solutions for various industries including
environmental testing, defense, and petrochemical. Headquartered in
College Station, Texas, the Company's products are sold
worldwide.
This press release includes certain statements that may be
deemed to be "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements can sometimes be identified by our use of
forward-looking words such as "may", "will," "anticipate,"
"believe," "expect," "project," or "intend". All statements, other
than statements of historical facts, included in this press release
that address activities, events or developments that the Company
expects, believes or anticipates will or may occur in the future,
are forward-looking statements. These statements are based on
certain assumptions and analyses made by the Company in light of
its experience and its perception of historical trends, current
conditions, expected future developments and other factors it
believes are appropriate in the circumstances. Such statements are
subject to a number of assumptions, risks and uncertainties, many
of which are beyond the control of the Company. Investors are
cautioned that any such statements are not guarantees of future
performance and that actual results or developments may differ
materially from those projected in the forward-looking
statements.
Copies of our filings with the Securities and Exchange
Commission are available at www.sec.gov and at www.oico.com. Please
refer to "Part 1, Item 1A - Risk Factors" in our annual report on
Form 10-K for the year ended December 31, 2008, for further
discussion regarding our exposure to risks. Additionally, new risk
factors emerge from time to time and it is not possible for us to
predict all such factors, nor to assess the impact such factors
might have on our business or the extent to which any factor or
combination of factors may cause actual results to differ
materially from those contained in any forward looking statements.
Given these risks and uncertainties, investors should not place
undue reliance on forward-looking statements as a prediction of
actual results.
Visit the Company's web site at: http://www.oico.com
Investor Relations: Bruce Lancaster Chief Executive Officer
& Chief Financial Officer 979.690.1711
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