Atlas Awarded $3 Million Inspection and Materials Testing Contract with Los Angeles County Public Works

Rhea-AI Summary

Atlas Technical Consultants (Nasdaq: ATCX) has secured a $3 million contract with the Los Angeles County Department of Public Works. This three-year contract, which includes options for two additional one-year renewals, focuses on providing on-call special inspection and materials testing for healthcare facilities. Services will cover structural steel, welding, concrete, and more, ensuring compliance with California’s Office of Statewide Health Planning and Development. Key sites include Harbor-UCLA Medical Center and Los Angeles County-USC Medical Center.

Positive

• Awarded a $3 million contract, enhancing revenue prospects.
• Long-term contract with a duration of three years and two renewal options, ensuring future income stability.
• Opportunity to leverage expertise in a major public sector project, potentially enhancing market reputation.

Negative

• None.

AUSTIN, Texas, May 18, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental services provider, announced today that it was awarded a $3 million contract to provide on-call special inspection and materials testing in various healthcare facilities for the Los Angeles County Department of Public Works. This newly awarded contract will remain in effect for a term of three years, with two one-year renewal options.     

“We are excited for the opportunity to bring our industry leading infrastructure experience and local knowledge to support the Los Angeles County Public Works Department in delivering resilient healthcare facilities to benefit the citizens of the County,” said Atlas CEO L. Joe Boyer.

Atlas will be providing testing and inspections for structural steel, welding, reinforced concrete, structural masonry, prestressed concrete and shoring governed by California’s Office of Statewide Health Planning and Development (OSHPD). Facilities include Harbor-UCLA Medical Center, Los Angeles County-USC Medical Center, Martin Luther King Jr. Medical Center and Olive View-UCLA Medical Center.

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.

Contacts:

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

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

FAQ

What is the recent contract awarded to Atlas Technical Consultants (ATCX)?

Atlas Technical Consultants was awarded a $3 million contract for special inspection and materials testing in healthcare facilities for the Los Angeles County Department of Public Works.

How long will the contract for ATCX with Los Angeles County last?

The contract is for three years, with two additional one-year renewal options.

What type of services will ATCX provide under the new contract?

ATCX will provide testing and inspections for structural steel, welding, concrete, and more, complying with California’s health planning regulations.

Which healthcare facilities are involved in the ATCX contract?

The facilities include Harbor-UCLA Medical Center, Los Angeles County-USC Medical Center, Martin Luther King Jr. Medical Center, and Olive View-UCLA Medical Center.

What impact does the new contract have on ATCX's financial outlook?

The contract positively impacts ATCX's financial outlook by securing $3 million in revenue and potential stability over the contract term.