Atlas Awarded $6.5 Million Program and Project Management Contract for Cobb County PARKS SPLOST in Georgia

Rhea-AI Summary

Atlas Technical Consultants has secured a six-year, $6.5 million contract for program management services related to Cobb County PARKS' 2022 SPLOST program. This initiative is expected to generate $52.2 million for park improvements and new developments, continuing Atlas' long-term partnership with the county. Atlas will provide essential management services to enhance community access to green spaces. The company has been managing Cobb PARKS SPLOST since 2012, reflecting its commitment to supporting local environmental and social needs.

Positive

• Secured a significant six-year, $6.5 million contract for program management services.
• Continues a long-term partnership with Cobb County PARKS since 2012.
• Supports community access to parks, enhancing social and recreational activities.

Negative

• None.

Reselected for third consecutive contract with Cobb County PARKS SPLOST

AUSTIN, Texas, July 13, 2022 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental services provider, announced that it has been reselected for a six-year, $6.5 million contract to provide program management services for the Cobb County PARKS 2022 Special Purpose Local Option Sales Tax (SPLOST) Program. The 2022 SPLOST is projected to collect $52.2 million over the life of the program which will fund improvements to existing parks and the development of new parks in the County.

The 2022 SPLOST program is the third consecutive SPLOST program that Atlas will manage for Cobb County PARKS. The contract extends Atlas’ long-standing partnership with the County, supporting their efforts to improve residents access to green spaces for social gatherings and recreational activities. Atlas will utilize staff housed at Cobb County PARKS to provide Program Management, Pre-Construction and Construction Management Services for these projects which were approved by the citizens of Cobb County in the SPLOST referendum.

“Atlas has managed the Cobb PARKS SPLOST program since 2012, and we are honored to continue serving the County, as an extension of the PARKS staff,” said Joe Boyer, Atlas’ Chief Executive Officer. “We are committed to providing consistent quality and results as we support programs intended to address our customer’s Environmental, Social, and Governance (“ESG”) needs. This contract is a prime example of the ongoing work we do with customers across the country to strengthen the communities we serve.”

About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a leading provider of Infrastructure and Environmental Solutions. We partner with our clients to improve performance and extend the lifecycle of built and natural infrastructure assets stressed by climate, health, and economic impacts. With 3,500+ employees nationwide, Atlas brings deep technical expertise to public- and private-sector clients, integrating services across four primary disciplines: Environmental (ENV); Testing, Inspection and Certification (TIC); Engineering & Design (E&D); and Program Management/Construction Management, and Quality Management (PCQM). To learn more about Atlas innovations for transportation, commercial, water, government, education, and industrial markets, visit https://www.oneatlas.com.

Forward-Looking Statements
The statements contained in this press release that are not purely historical are forward-looking statements. 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. The information included in this press release in relation to Atlas has been provided by Atlas and its management team, and forward-looking statements include statements relating to Atlas’ 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, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” 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 current expectations and beliefs concerning future developments and their potential effects on us and are based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (1) the effect, impact, potential duration or other implications of the COVID-19 pandemic and any expectations we may have with respect thereto; (2) the risk that our actual results may differ from the guidance we have provided; (3) the ability to recognize the anticipated benefits of our past acquisitions, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain management and key employees; (4) changes adversely affecting the business in which we are engaged; (5) changes in applicable laws or regulations; (6) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (7) other risks and uncertainties indicated from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, including those under “Risk Factors” therein.

Contacts:

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

Investor Relations
Chase Jacobson, Vallum Advisors
512-851-1507
ir@oneatlas.com

 

FAQ

What is the significance of the Cobb County PARKS SPLOST contract for ATCX?

The $6.5 million contract demonstrates Atlas Technical Consultants' ongoing role in managing important community infrastructure projects, reinforcing its position in the market.

How long is the new contract for Atlas Technical Consultants with Cobb County?

The new contract is for a duration of six years.

What is the total expected revenue from the 2022 SPLOST program in Cobb County?

The 2022 SPLOST program is projected to collect $52.2 million.

When did Atlas start managing the Cobb PARKS SPLOST program?

Atlas has managed the Cobb PARKS SPLOST program since 2012.

What services will Atlas provide under the Cobb County contract?

Atlas will provide Program Management, Pre-Construction, and Construction Management Services for the park projects.