Insituform Technologies Awarded $6M Contract Extension from Scottsdale, Ariz.

Insituform Technologies Inc. (Nasdaq Global Select Market: INSU) has announced that it has received a contract extension from the City of Scottsdale, Ariz., valued at approximately $6 million for the cured-in-place pipe (CIPP) rehabilitation of 75,000 ft of small- and medium-diameter wastewater pipelines.

This negotiated contract is the first one-year extension of the initial three-year term contract and provides the City of Scottsdale the option to extend for a fifth year.

// ** Advertisement ** //

Insituform vice president and general manager Ken Foster said, “Our work in Scottsdale allows us to rehabilitate valuable underground pipelines with minimal disruption to residents. Once rehabilitated, we expect this network of pipelines to last for several decades. As always, we remain focused on providing experienced project management as we partner with the City of Scottsdale.”

Insituform expects to conduct this work from September 2011 through mid-year 2012.

// ** Advertisement ** //

Earlier this year, Insituform was awarded the Project of the Year by the Arizona American Public Works Association (APWA) Chapter in the Environment Category for projects under $5 million for another project in nearby Phoenix, Arizona. The project, which used the InsituMain System, a glass-reinforced cured-in-place pipe solution for pressurized pipelines, has been nominated for national recognition by the APWA in the same category.

// ** Advertisement ** //