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Press Release Source: TRC Companies, Inc. On Wednesday June 29, 2011, 9:00 am EDT
LOWELL, MA–(Marketwire – 06/29/11) – TRC Companies, Inc. (NYSE:TRR – News) announced today that the team of TRC and Dvirka and Bartilucci Consulting Engineers (D&B) has been awarded a 7-year contract worth up to $ 50 million to provide standby engineering services to the New York State Department of Environmental Conservation (NYSDEC). Under the contract, TRC may be issued work assignments by the Department’s Division of Environmental Remediation at sites connected with its Hazardous Waste, Hazardous Substance and Petroleum Spill Response Programs.
“TRC is proud to support New York State and the DEC in its environmental remediation efforts,” said Chris Vincze, Chairman and Chief Executive Officer. “We are committed to helping the State clean up impaired properties, restore the environment and protect residents. We look forward to delivering solutions on the many difficult projects related to this contract.”
Along with team member D&B, TRC will be involved in projects to clean up Brownfields and State Superfund sites. TRC will deliver engineering services for remedial investigations/feasibility studies; design of remedial actions; site response activities/interim remedial measures; remedial construction; site management; and potentially responsible party and third party oversight and search activities.
A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, consulting and construction management firm that provides integrated services to the energy, environmental and infrastructure markets. TRC serves a broad range of clients in government and industry, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information, visit TRC’s website at www.TRCsolutions.com.
Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as “may,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” or other words of similar import. You should consider statements that contain these words carefully because they discuss TRC’s future expectations, contain projections of the Company’s future results of operations or of its financial condition, or state other “forward-looking” information. TRC believes that it is important to communicate its future expectations to its investors. However, there may be events in the future that the Company is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the availability and adequacy of insurance; the uncertainty of our operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments, including potential payments related to TRC’s ongoing IRS audit and Houston lease litigation, if not resolved successfully; regulatory uncertainty; the availability of funding for government projects; the level of demand for TRC’s services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See additional discussion in TRC’s Annual Report on Form 10-K for the fiscal year ended June 30, 2010, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in the Company’s other filings with the Securities and Exchange Commission.
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