Atlas Awarded Multiple Construction Materials Testing Contracts with Caltrans

Rhea-AI Summary

Atlas Technical Consultants (Nasdaq: ATCX) has secured multiple contracts with the California Department of Transportation (Caltrans), valued at over $11 million, for Construction Materials Testing and Inspection over three years. These contracts support critical transportation projects that may receive funding from the Infrastructure Investment and Jobs Act. Atlas is tasked with ensuring the safe construction of roadways and fiber optic installations without compromising infrastructure integrity.

Positive

• Secured contracts with Caltrans worth over $11 million.
• Contracts support significant transportation projects in California.
• Potential alignment with funding from the Infrastructure Investment and Jobs Act.

Negative

• None.

Contracts have a three-year term and combined value of over $11 million

AUSTIN, Texas, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc.  (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced today that Alta Vista, an Atlas company, has been awarded multiple Construction Materials Testing and Inspection contracts with the California Department of Transportation (Caltrans) Districts 4 and 7, valued at over $11 million.

“We are excited that Caltrans has chosen Atlas for these contracts, which will help ensure transportation projects throughout the state – including ones that will potentially receive funding from the Infrastructure Investment and Jobs Act (IIJA) – are delivered in a safe and sustainable manner,” said Atlas CEO, L. Joe Boyer. “We value the trust that Caltrans has placed in Atlas and look forward to working together with the Caltrans team on delivering their mission to provide a safe, reliable, and sustainable transportation network that serves the residents of California.”

Under the contracts, Atlas will provide professional and technical services required for Roadway Construction Field Material Sampling and Testing on an as-needed basis throughout counties in South Bay, Ventura, and Los Angeles. In addition to helping Caltrans achieve its transportation goals, these contracts will be critical in supporting the significant investment California is making in its broadband network as the majority of the fiber optic cable for the network will be laid underneath or adjacent to California’s roads and bridges. Through this contract, Atlas will ensure those networks are constructed without jeopardizing the integrity of the state’s transportation infrastructure.

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 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 value of the contracts awarded to Atlas Technical Consultants by Caltrans?

The contracts awarded to Atlas Technical Consultants by Caltrans are valued at over $11 million.

How long is the term of the contracts awarded to Atlas by Caltrans?

The contracts awarded to Atlas by Caltrans have a term of three years.

What services will Atlas provide under the contracts with Caltrans?

Atlas will provide Construction Materials Testing and Inspection services under the contracts with Caltrans.

Which districts of Caltrans are involved in the contracts with Atlas?

The contracts with Atlas involve Caltrans Districts 4 and 7.

How will the contracts with Caltrans affect infrastructure in California?

The contracts will ensure that transportation projects, including fiber optic installations, are constructed safely and sustainably, protecting the integrity of California's infrastructure.