CALGARY, ALBERTA — (Marketwired) — 09/25/14 — CEMATRIX Corporation (TSX VENTURE: CVX) (the “Corporation” or the “Company” or “CEMATRIX”) is pleased to announce that its wholly owned subsidiary, CEMATRIX (Canada) Inc. has secured a $6.8 million dollar contract, its largest to date, and several other signed orders for oil sands and refinery and infrastructure projects in the amount of $1.6 million for a total of $8.4 million in aggregate. This year–s total contracted work is now a record $14.7 million. Currently $8.5 million of this contracted work is scheduled for completion in 2014, $5.2 million in 2015 and $1.0 million in 2016.
“This is a truly historic day for our Company,” stated Jeff Kendrick, CEMATRIX President and CEO. “Our dedicated and committed staff are key to this successful recovery since the economic crash in the fall of 2008. The results we are achieving today from a revived oil sands and refinery construction market, together with the growth of the infrastructure market throughout Canada and the United States, are a testament to the dedication of the CEMATRIX team and our unwavering belief in our product and solutions. Some of these projects are years in the making as we work with our customers from the design phase of each project including thermal modelling, through to the final pouring of our product.”
CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets, including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution for various construction applications. Applications for cellular concrete include tunnel grouting; bridge abutment and retaining wall backfill; insulation of shallow utilities, roads and runways; insulation and/or structural foundations for tank bases and facilities; and as a floating base over weak and unstable or seismic prone soils, for roads and other types of infrastructure.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”, “would– or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries– future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX–s beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX–s Management Discussion and Analysis dated August 6, 2014 under CEMATRIX–s profile on SEDAR at and other reports filed by CEMATRIX with Canadian securities regulators.
Contacts:
CEMATRIX Corporation
Jeff Kendrick
President and Chief Executive Officer
(403) 219-0484
The Howard Group – Investor Relations
Jeff Walker/Brad Dryer
(888) 221-0915 or (403) 221-0915