Insituform Technologies Receives Contracts Worth Over $21 Million
Insituform Technologies Inc. (Nasdaq Global Select Market: INSU) has announced that it has been awarded contracts exceeding $21 million (USD) for jobs in
Insituform received a $12.2 million (USD) contract with the City of Montreal, Quebec, Canada to rehabilitate sewer pipelines. The completion of this project will help the City meet the goals of its ongoing program of infrastructure improvements. Insituform expects to rehabilitate over 9 miles of wastewater pipelines ranging from 10 to 42 in. in diameter. A significant portion of the project includes the rehabilitation of egg-shaped pipelines. Forty years ago, Insituform performed the first installation of cured-in-place pipe (CIPP) in the
Ken Foster, president of Insituform Technologies in
Work on this project is expected to be completed by the end of 2011.
Insituform also has been awarded its first stormwater pipeline rehabilitation contract from the Board of County Commissioners,
Insituform anticipates it will rehabilitate over 70,000 ft of stormwater pipelines using its Insituform CIPP and iPlus Composite products. Many of the rehabilitated pipelines are located around the downtown
Jeffrey J. Kowal, Insituform general manager for the East Region, said, “Insituform has been installing CIPP for 40 years and is fully-prepared to successfully complete this project. Our experienced project management team will be focused on not only meeting the expectations of
Work on the project is expected to begin in April 2011.
About Insituform Technologies Inc.
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.