ARCADIS Awarded Three Major Industrial Remediation Contracts.ARNHEM, the Netherlands -- 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), the international consulting and engineering company, today announced that it has recently been awarded three major environmental remediation contracts for industrial clients in the United States. The total initial value of the contracts amounts to $35 million, but has the potential to increase to about $100 million in the near future. One of the contracts includes the award of the first $18 million of an $80 million decommissioning Decommissioning is a general term for a formal process to remove something from operational status. Some specific instances include:
West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . The remaining funding for this project will be released over the next 3 to 5 years. The two other contracts are $10 million for an industrial disposal site in the Northeast and $7 million for a groundwater remediation site in the Mid-West. Harrie Noy, 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. of ARCADIS, stated, "Through the merger with BBL "Be back later." See digispeak. (chat) BBL - (I will) be back later. last year we have strengthened our position in the environmental market considerably. We are definitely seeing the synergies of our combined offering with BBL and some of the recent wins can be attributed to the strength of our combined position. Our proven project execution, technical skills, safety practices and focus on creating value for our clients allow us to be a leading global firm in the industrial environmental market." ARCADIS is an international company providing consultancy, engineering and management services in infrastructure, environment and facilities, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 10,000 employees and over EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions. For more information contact: Joost Slooten of ARCADIS at +31-26-3778604 or j.slooten@arcadis.nl. Please visit our website at www.arcadis-global.com. Except for historical information contained herein, the statements in this release are forward-thinking 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 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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