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CEMATRIX Corporation Announces $1.3 Million of New Contracts
By: Marketwired .
Dec. 14, 2012 08:45 AM
CALGARY, ALBERTA -- (Marketwire) -- 12/14/12 -- 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 received signed orders for infrastructure projects in the amount of $1.3 million in aggregate, bringing this year's total contracted work to $13.0 million, of which approximately $8.6 million is now scheduled for completion in 2012 and approximately $4.4 million is scheduled for completion in 2013. Contracted sales scheduled for completion in 2012 is lower by $0.1 million from that reported in our news release dated November 15, 2012 because of a shift of project work into the first quarter of 2013.
"These new orders for infrastructure applications are a testament to our strategy to diversify into markets less susceptible to economic fluctuations and provide further confirmation of our products applicability to the infrastructure markets throughout North America" stated Jeff Kendrick, CEMATRIX President and CEO.
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.
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 November 14, 2012 under CEMATRIX's profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.
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.
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