AUSTIN, Texas, May 03, 2022 (GLOBE NEWSWIRE) — Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of infrastructure and environmental services, today announced that it is one of several firms selected to provide environmental capital construction support services for the Los Angeles County Metropolitan Transportation Authority’s (Metro) major transit capital projects, other capital projects or metro property improvements. The bench task contract is valued at $85.90 million with a term of $82.65 million for a period of three years, with an additional $1.65 million one-year option and a 1.60- Million dollar option for the second year. Atlas currently expects to book at least $12 million related to this contract, with the potential for additional bookings as the work is released and approved by the client during the contract term.
Under the agreement, Atlas will provide a range of services from its portfolio to help manage environmental waste, hazardous materials and certain environmentally-related construction services. Atlas will also assist Metro in planning, directing and controlling all sampling of suspected hazardous waste and materials; obtain necessary regulatory approvals and plans; and perform advanced mitigation services. The depth of Atlas’ professional environmental resources and extensive knowledge of federal, state and local environmental laws and regulations will help Metro identify and solve complex environmental and engineering challenges.
“Atlas has successfully completed thousands of environmental and engineering projects for public and private entities in the Los Angeles area, and we are honored to provide our environmental expertise to help Metro implement green and sustainable solutions,” said Atlas CEO, L. Joe Boyer. “This project is a great example of the broad portfolio of highly engineered services we offer our clients and underscores our ability to work on some of the nation’s most important infrastructure projects.”
Metro serves as the transportation planner and coordinator, designer, builder and operator of Los Angeles County’s public transit system, which spans more than 1,400 square miles and supports approximately 10 million people who live, work and play in the service area.
About Atlas Technical Advisors
Headquartered in Austin, Texas, Atlas is a leading provider of infrastructure and environmental solutions. We work with our customers to improve performance and extend the lifecycle of built and natural infrastructure assets stressed by climatic, health and economic impacts. With more than 3,600 employees across the country, Atlas brings extensive technical expertise to public and private clients, integrating services in four main disciplines: Environment (ENV); Testing, Inspection and Certification (TIC); Engineering & Design (E&D); and Program Management/Construction Management and Quality Management (PCQM). To learn more about Atlas innovations for the transportation, commercial, water, government, education and industrial markets, visit https://www.oneatlas.com.
Statements contained in this press release that are not purely historical are forward-looking statements. Our forward-looking statements include, but are not limited to, statements about our expectations, hopes, beliefs, intentions or strategies regarding the future or those of our management team. The information contained in this press release regarding Atlas was provided by Atlas and its management team, and forward-looking statements include statements regarding the expectations, hopes, beliefs, intentions or strategies of Atlas’ management team regarding the future. In addition, all statements relating to forecasts, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “might”, “plan”, “possible”, “potential”, “Predict,” “forecast,” “should,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs regarding future developments and their potential effect on us and are based on management’s experience and perceptions regarding historical trends, current conditions, expected future developments and other assumed factors Be decent. There can be no guarantee that future developments affecting us will be those we foreseen. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that could cause actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (1) the impact, impact, potential duration or other impact of the COVID-19 pandemic and any expectations related thereto; (2) the risk that our actual results may differ from the guidance we have provided; (3) the ability to recognize the anticipated benefits of our previous acquisitions, including those generated by competition, the Company’s ability to grow and manage growth profitably, maintaining relationships with customers and suppliers, and management and key roles in retain, may be affected employees; (4) changes adversely affecting the business in which we operate; (5) changes in applicable laws or regulations; (6) the possibility that the Company will be adversely affected by other economic, business and/or competitive factors; and (7) other risks and uncertainties discussed from time to time in the Company’s filings with the Securities and Exchange Commission, including those under “Risk Factors.”
Chase Jacobson, Vallum consultant