Atlas Awarded $4 Million Richards Boulevard Office Complex Project in California

Rhea-AI Summary

Atlas Technical Consultants, Inc. (Nasdaq: ATCX) announced that its subsidiary, Consolidated Engineering Laboratories, secured a $4 million contract for geotechnical and materials testing at the Richards Boulevard Office Complex in Sacramento, CA. This complex, valued at approximately $1 billion, will serve 4,650 California state employees through four structural steel office buildings and a precast parking garage. The project emphasizes Atlas's capabilities in delivering value to clients in collaboration with the California Department of General Services.

Positive

• Secured a $4 million contract, boosting revenue potential.
• Project supports California government, enhancing public sector relationships.
• Richards Boulevard Office Complex is one of California's largest government buildings, indicating a high-profile project.

Negative

• None.

AUSTIN, Texas, July 07, 2020 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today that the Company’s subsidiary, Consolidated Engineering Laboratories (“CEL”), has been awarded a $4 million contract to provide geotechnical, materials testing & special inspections for the Richards Boulevard Office Complex in Sacramento, CA. The Company will provide all soils compaction testing, materials testing & special inspections services for four structural steel office buildings and a precast parking garage that will house 4,650 California state employees.

“This is a great opportunity for Atlas and we are pleased to work with a valued partner of ours, the California Department of General Services, to deliver this project to the state,” said Atlas COO, Gary Cappa. “This is yet another example of our Company’s ability to connect the best experts in the industry to deliver the greatest value to our clients.”

The Richards Boulevard Office Complex is one of California’s largest government buildings, at an estimated construction value of $1 billion. The complex features four high performance, collaborative and interconnected office buildings, with a rich amenities program calibrated for the needs of building occupants and a unique landscaping program.

About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a leading provider of professional testing, inspection engineering and consulting services under the name Atlas Technical Consultants, offering solutions to public and private sector clients in the transportation, commercial, water, government, education and industrial markets. With more than 100 offices in 40 states and 3,200+ 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.

Contacts

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

Investors
512-851-1507
ir@oneatlas.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/67ffae62-c821-451f-9284-70f6700b3186

https://www.globenewswire.com/NewsRoom/AttachmentNg/7b43fa2c-d432-4239-a4c5-9f97cab7aaf3

FAQ

What contract did Atlas Technical Consultants win related to the ATCX stock?

Atlas Technical Consultants won a $4 million contract for geotechnical and materials testing at the Richards Boulevard Office Complex in Sacramento, CA.

What is the significance of the Richards Boulevard Office Complex project for ATCX?

The Richards Boulevard Office Complex, valued at $1 billion, enhances Atlas's profile by securing a major government project, which can lead to further opportunities.

How will the contract impact Atlas Technical Consultants' revenue?

The $4 million contract will potentially increase Atlas Technical Consultants' revenue and strengthen its market position.