LOWELL, MA–(Marketwire -11/21/11)- TRC Companies, Inc. (NYSE: TRR – News) today announced that is has been awarded a $ 5 million contract by the Orange County Transportation Authority (OCTA) to prepare the engineering Plans, Specifications and Estimates for an HOV expansion project on Interstate 5 in Orange County, California. OCTA is adding carpool lanes to the North and Southbound sides of I-5 from Pacific Coast Highway to San Juan Creek Road in San Juan Capistrano to improve mobility, capacity and safety. This is the second major OCTA contract for TRC’s Transportation Practice in the last nine months.
“TRC is proud to have excelled in a tough competitive market, allowing us to continue our relationship with OCTA and support the I-5 expansion project,” said Chris Vincze, Chairman and Chief Executive Officer. “Our experts are committed to delivering results that support OCTA’s ability to improve Orange County’s transportation infrastructure.”
Under the contract, TRC will prepare plans and specifications for an interchange modification, the widening of four bridges, sound walls and stage construction. Recently, TRC completed the design of a similar HOV project for OCTA along I-405/I-605. TRC has supported various OCTA projects since 2004.
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 and updates from the Company, visit TRC’s website at www.TRCsolutions.com and follow us on Twitter at @TRC_Companies and on LinkedIn.
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 Houston lease litigation; 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, 2011, 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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