Atlas Awarded $11 Million Professional Services Contract with US Bureau of Reclamation

Rhea-AI Summary

Atlas Technical Consultants (Nasdaq: ATCX) has secured an $11 million, five-year contract with the United States Bureau of Reclamation. Partnering with OLH in a joint venture, Atlas will provide construction management and inspection services. CEO L. Joe Boyer emphasized the collaboration's potential to enhance opportunities for smaller companies in the industry. The USBR, vital for managing water resources, serves over 31 million people and plays a significant role in U.S. agriculture and hydroelectric power generation.

Positive

• Secured an $11 million, five-year contract with the United States Bureau of Reclamation.
• Collaboration with OLH enhances contracting opportunities and business growth.
• Joint venture promotes technical expertise and resource sharing.

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• None.

AUSTIN, Texas, June 08, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced today its selection for an $11 million, five year contract with the United States Bureau of Reclamation (USBR). The Company will work as part of a joint venture with OLH (Atlas-OLH JV, LLC). Under this contract, the JV will provide construction support personnel to perform construction management and inspection services for USBR facilities.

“Working in close collaboration with OLH, we will offer our combined technical expertise and resources to support the Bureau in their mission,” said Atlas CEO, L. Joe Boyer. “Our Mentor-Protégé Agreement with OLH under the All Small Mentor Protégé Program (ASMPP) is a testament that with our expanded ESG focus, we can enhance the development of smaller companies in our industry; expand contracting opportunities and widen their experience.”

“We couldn’t be more excited about this award as the first of our joint venture partnership with Atlas,” said Gina Bennett-Norris, OLH’s Director and CEO. “We knew this JV could be a game changer for us and it has proven to be just that. Atlas has been a supportive and valuable partner, and we look forward to greater opportunities in our cooperative efforts.”

The United States Bureau of Reclamation is a federal agency under the U.S. Department of the Interior, which oversees water resource management. This management includes the oversight and operation of the diversion, delivery, and storage projects built throughout the western United States for irrigation, water supply, and attendant hydroelectric power generation. Currently the USBR is the largest wholesaler of water in the country, bringing water to more than 31 million people, and providing one in five Western farmers with irrigation water for 10 million acres of farmland, which produce 60% of the nation's vegetables and 25% of its fruits and nuts. The USBR is also the second largest producer of hydroelectric power in the western United States. 

About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a leading provider of Environmental (ENV), Testing, Inspection & Certification (TIC), Engineering & Design (E&D), and Program, Construction, and Quality Management (PCQM) services. Under the name Atlas Technical Consultants, we offer solutions to public and private sector clients in the transportation, commercial, water, government, education, and industrial markets. With approximately 3,500 employees and a nationwide footprint, Atlas provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design, and manage a wide variety of projects across diverse end markets. For more information, go to https://www.oneatlas.com.

Forward-Looking Statements
The statements contained in this press release that are not purely historical are forward-looking statements and involve a number of risks and uncertainties. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions and estimates, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and variations of such words 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 expectations and beliefs as of the date of this filing concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated.

Contacts:

Media
Karlene Barron
770-314-5270
karlene.barron@oneatlas.com

Investor Relations
512-851-1507
ir@oneatlas.com

FAQ

What contract did Atlas Technical Consultants secure?

Atlas Technical Consultants secured an $11 million, five-year contract with the United States Bureau of Reclamation.

What services will Atlas provide under the USBR contract?

Atlas will provide construction management and inspection services under the USBR contract.

Who is Atlas collaborating with for the USBR project?

Atlas is collaborating with OLH in a joint venture for the USBR project.

What is the significance of the USBR in the U.S.?

The USBR manages water resources, serving over 31 million people and supplying irrigation water for 10 million acres, crucial for U.S. agriculture.

How does the joint venture benefit smaller companies?

The joint venture aims to enhance contracting opportunities and development for smaller companies in the industry.