Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) recently announced that it has been awarded two contracts with a combined value of approximately $9.9 million to rehabilitate nearly 7,000 ft of pipeline for the City and County of Honolulu.
Since the 1980s, Insituform has installed more than 300,000 ft of cured-in-place pipe (CIPP) in
The first contract is the Waikiki Sewer Rehabilitation/Reconstruction project and requires Insituform to install its CIPP solution in approximately 3,700 ft of 10-in to 24-in. diameter pipelines in
Insituform also announced that it has been awarded a $5.8 million contract extension from the City of Calgary, Alberta, Canada. In 2010, the City awarded Insituform the first year of this renewable term contract and will have the option to renew this contract for one more year in 2012.
“Insituform has been installing cured-in-place pipe (CIPP) in
Over the next 12 months, Insituform expects to complete approximately 90,000 ft of CIPP rehabilitation on wastewater pipelines ranging from 8 to 48 in. in diameter. It is expected that Insituform’s proprietary air inversion steam cure installation method will be used throughout the project. This installation method reduces energy and water usage by approximately 95 percent