ARCADIS Announces Award of Milan AAP Contract by U.S. Army Environmental Center Valued in Excess of $45 Million.Energy Editors/Business Editors ARNHEM, The Netherlands--(BUSINESS WIRE)--June 10, 2004 ARCADIS (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ARCAF, EURONEXT:ARCAD) announced today that it has been awarded a Guaranteed Fixed Price Remediation (GFPR) environmental remediation Generally, remediation means providing a remedy, so environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water for the general protection of human health and the environment or from a services contract for the Milan Army Ammunition Plant located in Milan, Tennessee Milan (pronounced "MY-lunn") is a city in Gibson County, Tennessee, United States. The population was 7,664 at the 2000 census. The zip code assigned by the U.S. Postal Service is 38358. Residents of Milan are usually referred to as Milanites. . The contract will be executed through the Northern Regional Contracting Center of the U.S. Army at Ft. Eustis and will be performed under ARCADIS' GRiP(R) Remediation Program. The ten-year contract is valued in excess of $45 million. The contract will provide for the remediation of munitions mu·ni·tion n. War materiel, especially weapons and ammunition. Often used in the plural. tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions To supply with munitions. related wastes, heavy metals heavy metals, n.pl metallic compounds, such as aluminum, arsenic, cadmium, lead, mercury, and nickel. Exposure to these metals has been linked to immune, kidney, and neurotic disorders. , solvents, and acids in the groundwater and soil at multiple sites located within the base. The contract will be performed for a guaranteed fixed price that ensures the US Army, with protections, against cost overruns and other risks. The Department of Defense (DoD) has stated that it intends to increase the use of this type of contracting vehicle for much of its upcoming environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, work. Steve Blake, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. for the Company's U.S. operations, stated, "We are very pleased to receive this contract from the US Army and are committed to providing both the Army and the DoD with the means by which to close out their environmental liabilities in a timely and valued manner. We have and will continue to provide the DoD with every technical, regulatory and contractual tool available in support of its increasing commitment to cleaning up its bases under a GFPR approach." Harrie Noy, CEO of ARCADIS added: "Again we prove our leadership in providing Total Business Solutions to meet our clients needs. Not only are we providing added value to our clients, we are also giving back valuable property to our communities with the help of our GRiP(R) Remediation Program." ARCADIS is a leading, global, knowledge-driven service provider, active in the fields of infrastructure, buildings, environment and communications. With client success central to our total business approach, we fulfill project or program needs from concept to completion and beyond. Together, we generate $1 billion in annual revenues. There are 9,000 of us, results-oriented people, continually investing in our skills to maximize value while creating viable solutions that assure your success. Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with possible changes in environmental legislation and risks with regard to the Company's ability to acquire and execute projects. These are other risks are described in ARCADIS' filings with the Securities and Exchange Commission over the last 12 months, copies of which will be available from the SEC or may be obtained upon request from the Company. |
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