Atlas Awarded $18 Million Contract to Service and Remediate Underground Storage Tanks
01 November 2022 - 10:00PM
Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the
“Company”), a leading Infrastructure and Environmental solutions
provider, announced that it has been awarded an $18 million
contract to inspect and service a network of underground storage
tanks (UST) for a public agency client. The contract, which was
included in second quarter 2022 backlog, has an initial term of
three years with two one-year extension options.
Under the contract, Atlas engineers and technical staff will
determine the extent of any release to the environment and develop
plans to remediate any detected contamination to state-mandated
cleanup levels. Atlas will be responsible for assessments,
risk-based corrective actions, UST removals, design and
installation of remediation systems, and site closure
activities.
“Atlas is committed to helping our clients protect their
communities by providing high-quality environmental services,” said
Atlas CEO, L. Joe Boyer. “Given our successful track record in the
market, familiarity with environmental standards, and extensive
geographic reach, Atlas has one of the top UST inspection and
remediation businesses in the United States. We look forward to
continuing to serve our customers in this critical environmental
market.”
The EPA’s UST program provides comprehensive set of regulatory
standards for USTs containing petroleum or certain other hazardous
materials to protect the environment and human health by reducing
the number and severity of contamination events. As of September
2021, there were more than 560,000 USTs at approximately 194,000
facilities that are regulated by the UST program, and more than 1.9
million USTs have been closed since the program’s inception in
1984.
About Atlas Technical ConsultantsHeadquartered
in Austin, Texas, Atlas is a leading provider of Infrastructure and
Environmental Solutions. We partner with our clients to improve
performance and extend the lifecycle of built and natural
infrastructure assets stressed by climate, health, and economic
impacts. With 3,500+ 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 StatementsThe
statements contained in this press release that are not purely
historical are forward-looking statements. Our forward-looking
statements include, but are not limited to, statements regarding
our management team’s expectations, hopes, beliefs, intentions or
strategies regarding the future. The information included in this
press release in relation to Atlas has been provided by Atlas and
its management team, and forward-looking statements include
statements relating to Atlas’ management team’s expectations,
hopes, beliefs, intentions or strategies regarding the future. In
addition, any statements that refer to projections, forecasts or
other characterizations of future events or circumstances,
including any underlying assumptions, are forward-looking
statements. The words “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intends,” “may,” “might,” “plan,”
“possible,” “potential,” “predict,” “project,” “should,” “would”
and similar expressions may identify forward-looking statements,
but the absence of these words does not mean that a statement is
not forward-looking. The forward-looking statements contained in
this press release are based on our current expectations and
beliefs concerning future developments and their potential effects
on us and are based on management’s experience and perception of
historical trends, current conditions, anticipated future
developments and other factors believed to be appropriate. There
can be no assurance that future developments affecting us will be
those that we have anticipated. These forward-looking statements
involve a number of risks, uncertainties (some of which are beyond
our control) or other assumptions that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to: (1) the effect,
impact, potential duration or other implications of the COVID-19
pandemic and any expectations we may have with respect thereto; (2)
the risk that our actual results may differ from the guidance we
have provided; (3) the ability to recognize the anticipated
benefits of our past acquisitions, which may be affected by, among
other things, competition, the ability of the Company to grow and
manage growth profitably, maintain relationships with customers and
suppliers and retain management and key employees; (4) changes
adversely affecting the business in which we are engaged; (5)
changes in applicable laws or regulations; (6) the possibility that
the Company may be adversely affected by other economic, business,
and/or competitive factors; and (7) other risks and uncertainties
indicated from time to time in the Company’s filings with the U.S.
Securities and Exchange Commission, including those under “Risk
Factors” therein.
Contacts:
MediaKarlene
Barron770-314-5270karlene.barron@oneatlas.com
Investor Relations Chase
Jacobson, Vallum Advisors512-851-1507ir@oneatlas.com
Atlas Technical Consulta... (NASDAQ:ATCX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Atlas Technical Consulta... (NASDAQ:ATCX)
Historical Stock Chart
From Apr 2023 to Apr 2024