Insituform Technologies Awarded Contracts in Honolulu & Calgary, Alberta
September 21, 2011Insituform 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 Hawaii.
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 Waikiki. Insituform also will install more than 3,200 ft of 36- and 42-in. diameter pipelines for the Makaha Interceptor Sewer Rehabilitation/Replacement Project. These projects are designed to structurally rehabilitate aging sewer lines in Waikiki and in the Makaha system.
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 in Calgary since the mid-1980s and we are pleased to continue to provide high quality pipeline rehabilitation solutions. Our crews remain committed to providing this community with renewed pipelines with minimal disruption,” said Ken Foster, president, Insituform Technologies Ltd. Canada.
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.