Matrix Service Selected to Install Air Quality Control System at PSEG's Hudson Generating Station in Jersey City, New Jersey
09 January 2009 - 12:00AM
PR Newswire (US)
TULSA, Okla., Jan. 8 /PRNewswire-FirstCall/ -- Matrix Service Co.
(NASDAQ: MTRX), a leading industrial services company, today
announced that its wholly owned subsidiary, Matrix Service
Industrial Contractors, Inc. (MSICI), has been awarded a
construction contract from PSEG Fossil LLC for the construction of
a Selective Catalytic Reactor (SCR) project at its Hudson
Generating Station in Jersey City, New Jersey. PSEG Fossil LLC is
an indirect subsidiary of Public Service Enterprise Group
(NYSE:PEG). MSICI's work on this project is expected to be
approximately $38 million. MSICI's scope of work will entail
construction of the steel plate structure of the SCR in support of
the Backend Technology Project at the Hudson Generating Station
Unit #2. Work on the project will begin this month and is expected
to be completed by October 2010. Joseph F. Montalbano, chief
operating officer of Matrix Service, said, "We are pleased to be
selected by PSEG as the prime contractor for this important SCR
installation. Matrix Service has supported PSEG for many years and
this project is an important reaffirmation of our long-standing
relationship. This project also validates our strategy as we expand
our capabilities in the very important power generation
marketplace." About Matrix Service Company Matrix Service Company
provides general industrial construction and repair and maintenance
services principally to the petroleum, petrochemical, power, bulk
storage terminal, pipeline and industrial gas industries. The
Company is headquartered in Tulsa, Oklahoma, with regional
operating facilities located in Oklahoma, Texas, California,
Michigan, Pennsylvania, Illinois, Washington, and Delaware in the
U.S. and Canada. This release contains forward-looking statements
that are made in reliance upon the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These statements
are generally accompanied by words such as "anticipate,"
"continues," "expect," "forecast," "outlook," "believe,"
"estimate," "should" and "will" and words of similar effect that
convey future meaning, concerning the Company's operations,
economic performance and management's best judgment as to what may
occur in the future. Future events involve risks and uncertainties
that may cause actual results to differ materially from those we
currently anticipate. The actual results for the current and future
periods and other corporate developments will depend upon a number
of economic, competitive and other influences, including those
identified in the "Risk Factors" and "Forward Looking Statements"
sections and elsewhere in the Company's reports and filings made
from time to time with the Securities and Exchange Commission. Many
of these risks and uncertainties are beyond the control of the
Company, and any one of which, or a combination of which, could
materially and adversely affect the results of the Company's
operations and its financial condition. We undertake no obligation
to update information contained in this release. For more
information, please contact: Matrix Service Company Tom Long Vice
President Finance and CFO T: 918-838-8822 E: Investors and
Financial Media: Truc Nguyen Managing Director Grayling Global T:
646-284-9418 E: DATASOURCE: Matrix Service Co. CONTACT: Tom Long,
Vice President Finance and CFO of Matrix Service Co.,
+1-918-838-8822, ; or Investors, Truc Nguyen, Managing Director of
Grayling Global, +1-646-284-9418, Web Site:
http://www.matrixservice.com/
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