Tetra Tech Wins Over $100 Million in EPA Technical Assessment and Response Contracts.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--Jan. 9, 2001 Tetra Tech Inc. (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 : TTEK) announced today that it was awarded technical assessment and response contracts in six EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. Regions. Contracts in three of the six regions are as prime contractor, and have a combined value of $90 million. All six awards are 5-year indefinite delivery/indefinite quantity contracts that in total are worth over $100 million. The contract scopes of work are very similar, and include a broad range of technical services and emergency responses to support the Superfund Technical Assessment and Response Team (START) Program. Prime contracts were awarded in EPA Regions 4, 5, and 7. Tetra Tech was awarded subcontracts as part of a team lead by others in EPA Regions 1, 6, and 8. Approximately one third of the work will be provided by a dedicated staff of engineers and scientists on a time and materials labor and materials (time and materials) n. what some builders or repair people contract to provide and be paid for, rather than a fixed price or a percentage of the costs. basis, while the other two thirds of the work will be provided by non-dedicated staff on a cost reimbursable re·im·burse tr.v. re·im·bursed, re·im·burs·ing, re·im·burs·es 1. To repay (money spent); refund. 2. To pay back or compensate (another party) for money spent or losses incurred. basis. Work on all six contracts begins immediately. Li-San Hwang, Tetra Tech's 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. , commented, "Tetra Tech is very proud to have won seven of the eight START contracts that we competed on which have been awarded, including one award previously announced. Work in EPA Regions 5, 6, and 7 is new to us, and represents approximately $75 million in additional contract capacity. We look forward to expanding our relationship with the EPA through these contract awards." About EPA START Contracts (http://www.epa.gov/oerrpage/superfund/programs/contracts/7start.htm) The START contracts provide technical support to EPA's site assessment activities and response, prevention and preparedness activities. This support includes gathering and analyzing technical information, preparing technical reports on oil and hazardous substance investigation and technical support for cleanup efforts. About Tetra Tech (www.tetratech.com) Tetra Tech is a leading provider of specialized management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and technical services in three principal business areas: resource management, infrastructure and communications. The Company's clients include a diverse base of public and private sector organizations serviced through more than 150 offices located in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and internationally. Certain statements contained in this news release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, such as those related to the Company's acquisition strategy and the fluctuations in the Company's quarterly operating results and stock price, and the other risks detailed from time to time in the Company's SEC reports. |
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