Gulf Island Fabrication, Inc. Announces Contingent Notice of Intent to Award
09 May 2017 - 12:00AM
Business Wire
Gulf Island Fabrication, Inc. (NASDAQ: GIFI) today announced,
that through its subsidiary Gulf Island Shipyards, LLC, it has
received a contingent notice of intent to award from Oregon State
University for the construction of a Regional Class Research Vessel
(RCRV) with an option for two additional vessels. The state of the
art 193-ft ships will be highly flexible, multi-mission platforms
that maximize energy efficient design concepts. The vessels will be
ABS Ice-Class C0 and DPS-1, Green-Marine Certified, acoustically
quiet, and carry up to 29 crew and embarked scientists. This notice
of intent to award is contingent upon the National Science
Foundation’s approval to obligate construction funds for these
vessels. Upon final contract signing, revenue and man-hour backlog
associated with this award will be included in the relevant
quarters report.
“As we continue to explore areas outside our traditional
sectors, we are excited to obtain this important project and we
look forward to working closely with Oregon State University as
they explore ways to enhance our environment for our way of life
and for future generations beyond,” stated Kirk J. Meche, President
and C.E.O. of Gulf Island Fabrication, Inc.
"OSU is excited to work with Gulf Island Shipyards to deliver
the nation's newest class of oceanographic research ships to the
National Science Foundation and the ocean science community. Gulf
Island's reputation for quality work and customer service are a
perfect fit for this important project," said Dr. Roberta
Marinelli, Dean of OSU's College of Earth, Ocean, and Atmospheric
Sciences.
Gulf Island Fabrication, Inc. is a leading fabricator of complex
steel structures and marine vessels used in energy extraction and
production, petrochemical and industrial facilities, power
generation, alternative energy projects, research, and shipping and
marine transportation operations. The Company also provides related
installation, hookup, commissioning, repair and maintenance
services with specialized crews and integrated project management
capabilities. Our corporate headquarters is located in Houston,
Texas, with fabrication facilities located in Houma, Jennings and
Lake Charles, Louisiana, and Aransas Pass and Ingleside, Texas.
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version on businesswire.com: http://www.businesswire.com/news/home/20170508005781/en/
Gulf Island Fabrication, Inc.Kirk J. Meche, 713.714.6100Chief
Executive OfficerorDavid S. Schorlemer, 713.714.6106Chief Financial
Officer
Gulf Island Fabrication (NASDAQ:GIFI)
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