Primoris Services Corporation Signs Contract with Large U.S. Utility to Upgrade Compressor Station
29 Setembro 2008 - 9:41AM
Business Wire
Primoris Services Corporation (NasdaqGM: PRIM; PRIMU; PRIMW)
(�Primoris�), one of the largest specialty contractors and
engineering companies in the Western United States, today announced
that it has signed a contract with one of the country�s largest
combination natural gas and electric utilities for a compressor
station upgrade in Northern California. The contract will generate
revenue to Primoris of approximately $54 million. Under the terms
of the contract, the work will include the demolition of certain
existing equipment and facilities and the engineering, procurement,
construction (�EPC�) and commissioning of two new variable
frequency drive/electric motor (VFD/EM)-driven compressors.
Primoris will also perform various station upgrades to improve the
operability of the compressor station. Procurement of major
equipment and engineering will start immediately, with construction
scheduled to commence in October 2009. Construction is expected to
have a duration of approximately 16 months. Tim Healy, President of
Primoris�s operating subsidiary, said, "We are currently providing
ongoing power plant and pipeline construction services to this
client, and are pleased to be able to broaden our relationship by
providing EPC services for a natural gas compressor retro-fit
project. We remain an active participant in helping California�s
utilities meet the state�s growing and increasingly complex energy
needs.� About Primoris Services Corporation Primoris Services
Corporation, through various subsidiaries, is one of the largest
specialty contractors and engineering companies in the Western
United States, primarily serving the growing power and energy
sectors. Primoris provides a wide range of construction,
fabrication, maintenance and replacement services, as well as
engineering services to major public utilities, petrochemical
companies, energy companies, municipalities and other customers.
Primoris is also a leading water and wastewater contractor in the
state of Florida, and a specialist in designing and constructing
complex commercial and industrial concrete structures in
California. Forward-Looking Statements This press release contains
certain forward-looking statements, including with regard to the
Company�s future performance. Words such as "estimated,"
"believes," "expects," "projects," and "future" or similar
expressions are intended to identify forward-looking statements.
Forward-looking statements inherently involve risks and
uncertainties, including without limitation, those described in
this press release and those detailed in the "Risk Factors" section
and other portions of the Registration Statement, the Amendment and
other filings with the SEC. Primoris Services Corporation does not
undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
Primoris Services Corp Wrts (MM) (NASDAQ:PRIMW)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Primoris Services Corp Wrts (MM) (NASDAQ:PRIMW)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024
Notícias em tempo-real sobre Primoris Services Corp Wrts (MM) da NASDAQ bolsa de valores: 0 artigos recentes
Mais Notícias de Primoris Services Corporation