URS To Provide Field Evaluation and Technical Support Services to the EPA National Risk Management Research Laboratory; Five-Year Contract Has Potential Value of $55 Million.
SAN FRANCISCO, CA--(BUSINESS WIRE)--Dec. 4, 2000
URS Corporation (NYSE: URS) today announced that it has been selected, under a teaming agreement with Environmental Quality Management Corporation, to provide field evaluation and technical support services for the United States Environmental Protection Agency's National Risk Management Research Laboratory (NRMRL) in Cincinnati, Ohio. The five-year task-order contract has a potential value of $55 million.
Under the terms of the contract, URS will provide a wide range of technical support services to the NRMRL and other federal, state and local agencies involved in cleanup activities. These services will include conducting evaluations of remedial processes and technologies being developed in research programs in cooperation with the EPA.
Commenting on the contract, Martin M. Koffel, Chairman and CEO of URS said: "We are pleased to expand our relationship with the EPA under this important contract. The breadth of services required under this agreement makes it a great fit for URS, which is one of the few full-service firms with the wide-ranging environmental capabilities needed to evaluate the remedial processes and technologies being developed."
URS Corporation offers a broad range of planning, design, and program and construction management services for transportation, hazardous waste, industrial processing and petrochemical, general building, and water/wastewater projects. Headquartered in San Francisco, URS operates in 38 countries with more than 16,000 employees providing services to federal, state and local governmental agencies as well as private clients in the chemical, manufacturing, pharmaceutical, forest products, mining, oil and gas, and utilities industries.
This press release may contain "forward-looking statements" within the meaning of the securities laws, including statements about the continued strength of the Company's business. The Company believes that its expectations are reasonable and are based on reasonable assumptions. However, risks and uncertainties relating to future events that could cause actual results to differ materially from our expectations include the Company's dependency on government programs and contracts, competitive practices in the industry, the ability to attract and retain qualified professionals, our ability to service the debt incurred by the Company in connection with the Dames & Moore acquisition, exposure to potential liability, and other factors discussed more fully in reports filed with the Securities and Exchange Commission from time to time. The Company does not intend, and assumes no obligation, to update any forward-looking statements.