Atlas Awarded $2.6 Million Contract to Support UCSD Theatre District Living & Learning Center

Rhea-AI Summary

Atlas Technical Consultants (ATCX) has secured a significant contract worth $2.6 million for special inspection and materials testing services at the University of California San Diego's Theatre District Living and Learning Neighborhood project. This contract spans three years and involves providing services for a mixed-use development including five buildings with a capacity of approximately 2,000 student beds, alongside facilities such as an auditorium and conference center. This partnership highlights Atlas's ongoing collaboration with UCSD on various important projects.

Positive

• Awarded a $2.6 million contract for inspection and materials testing.
• Contract duration of three years offers long-term revenue potential.
• Continued partnership with UCSD demonstrates strong client relationships.

Negative

• None.

AUSTIN, Texas, Jan. 06, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection, environmental, engineering, program management and consulting services, announced today that it was awarded a 3-year contract, valued at $2.6 million for special inspection and materials testing for the proposed University of California San Diego (UCSD) Theatre District Living and Learning Neighborhood.

Previously known as the Future College Living and Learning Neighborhood project, the Theatre District Living and Learning Neighborhood is a mixed-use project that would include five buildings ranging in height from nine to 21 stories and provide approximately 2,000 new beds for undergraduate students, residential life and administration offices for a new college and general assignment classrooms. It will also provide a 480-seat auditorium, a conference/meeting center, restaurants and retail for approximately 900,000 gross square feet (GSF).

L. Joe Boyer, Atlas’ Chief Executive Officer said, “We are proud to once again partner with UCSD and are grateful for the opportunity to provide our testing and inspection services on such an important project that supports UCSD’s academic mission.”

John Kirschbaum, Atlas’ West Region Senior Vice President added, “Just as we have partnered with UCSD before on multiple projects including North Torrey Lines Living and Learning Neighborhood, Franklin Antonio Hall, and Pepper Canyon Amphitheater, we look forward to supporting UCSD’s academic mission and vision on this project as it will become the home of a future undergraduate college.”

The 11.8-acre site is located at the southwestern edge of the La Jolla campus, and includes 5.5 buildable acres. The proposed project would include replacement parking in a below-grade configuration.

About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a leading provider of professional testing, inspection, engineering, environmental, program management and consulting 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 140 offices in 41 states and approximately 3,300 employees, 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.

About UCSD
The University of California, San Diego (UCSD) is a public research university in San Diego, California. Established in 1960, UC San Diego is one of the ten campuses of the University of California, and offers over 200 undergraduate and graduate degree programs, enrolling 31,842 undergraduate and 8,631 graduate students. The proposed Theatre District Living and Learning Neighborhood is not a growth-inducing project, but rather, it enables the university to manage its prior growth and is part of a broader plan for accommodating students on campus.

Contacts

Media
Karlene Barron	Investors
770-314-5270	512-851-1507
karlene.barron@oneatlas.com	ir@oneatlas.com

 

FAQ

What is the significance of Atlas Technical Consultants' contract with UCSD?

Atlas Technical Consultants was awarded a $2.6 million contract for special inspection and materials testing at UCSD's Theatre District project, emphasizing its strong client relationship.

What services will Atlas provide under the new UCSD contract?

Atlas will provide special inspection and materials testing services for the Theatre District Living and Learning Neighborhood project.

How long is the contract between Atlas and UCSD?

The contract with UCSD is for a duration of three years.

What is the scope of the UCSD Theatre District project?

The project includes five buildings, approximately 2,000 beds for students, an auditorium, and retail spaces, encompassing around 900,000 GSF.

What markets does Atlas Technical Consultants serve?

Atlas provides testing, inspection, engineering, environmental, program management, and consulting services across various markets including transportation, commercial, and education.