DIRTT Announces Notice of Contract in Excess of US $30 Million
05 Junho 2014 - 12:18PM
Marketwired
DIRTT Announces Notice of Contract in Excess of US $30 Million
CALGARY, ALBERTA--(Marketwired - Jun 5, 2014) - DIRTT
Environmental Solutions (TSX:DRT) ("DIRTT" or "the Company")
announced today it has received notice of award for a project
valued in excess of US $30 million to the Company and its
Distribution Partner Agile OFIS (Agile) of Houston, Texas.
Initial work for phase 1 of the project is scheduled for the
fourth quarter of 2014, with most of the revenue being recognized
in 2015.
"This project demonstrates the growing recognition that DIRTT's
prefabricated construction interiors are a compelling and
sustainable business investment that competes directly with
traditional construction," said DIRTT CEO Mogens Smed. "Progressive
companies understand the value of a complete interior solution that
is so much more than just walls."
"DIRTT's design flexibility, rapid manufacturing and clean,
quick installation are winning over more and more clients," said
Brian Crawmer, Principal of Agile. "Being able to take a 3D virtual
tour during the design phase via DIRTT's ICE® software gives them
the understanding and confidence that their space will meet their
needs today and in the future before construction begins."
About DIRTT
DIRTT Environmental Solutions uses its proprietary 3D software
to design, manufacture and install fully customized prefab
interiors. Our customers in the corporate, government, education
and healthcare sectors benefit from DIRTT's precise design and
costing; rapid lead times with the highest levels of customization
and flexibility; and faster, cleaner construction.
To find out more about DIRTT (TSX:DRT) please visit our website
www.dirtt.net or contact us at ir@dirtt.net.
Forward-Looking Statements
This news release contains forward-looking statements.
Forward-looking statements, without limitation, may contain the
words "believes", "expects", "anticipates", "estimates", "intends",
"plans", or similar expressions. Forward-looking statements are not
guarantees of future performance. They involve risks, uncertainties
and assumptions and the Company's actual results could differ
materially from those anticipated. Forward-looking statements are
based on the opinions and estimates of Management at the date the
statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. In the context of any forward-looking
information please refer to risk factors detailed in, as well as
other information contained in, the Company's filings with
Securities Regulators (www.sedar.com). Unless otherwise required by
applicable securities laws, we undertake no obligation to publicly
update or revise any forward-looking statements either as a result
of new information, future events or otherwise.
DIRTT Environmental SolutionsScott
JenkinsPresident403.723.5009sjenkins@dirtt.netDIRTT Environmental
SolutionsDerek PayneCFO403.313.9879dpayne@dirtt.net
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