Insituform Awarded Austin, Texas Contract

Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) announced June 18 that it has been awarded a three-year term contract by the City of Austin, Texas. The contract, valued at up to $11.7 million, includes using cured-in-place pipe (CIPP) to rehabilitate sewer pipelines in residential, commercial and environmentally sensitive areas within the City of Austin.

 

Since 2004, Insituform has completed nearly $20 million of rehabilitation work for the City of Austin. Bobby O’Dell, Insituform General Manager-Central Region, said, “The City of Austin has been a valuable customer of Insituform for several years. We look forward to continuing our relationship and remain dedicated to working with the City as they renew their sewer pipelines with minimal disruption to the citizens of Austin.”

 

Insituform has received its first work order valued at $2.3 million under this contract. In compliance with the City’s policy, Insituform’s management team will utilize minority-owned and women-owned businesses throughout the project.

 

This term contract plays a significant and strategic role in restoring the structural integrity of the City’s collection system while reducing inflow and infiltration and eliminating sanitary sewer overflows.

 

Insituform CIPP is a jointless pipe-within-a-pipe used to rehabilitate wastewater pipelines ranging in diameter from 6 to 96 in. Rehabilitating wastewater pipelines with Insituform CIPP reduces infiltration, restores structural integrity and increases flow capacity without disruption to communities, typically at a lower cost than dig and replace solutions.

Insituform Technologies, Inc. is a global leader in pipeline protection. Insituform provides proprietary technologies and services for rehabilitating sewer, water, energy and mining piping systems and the corrosion protection of industrial pipelines.