Northern Ireland Water Selects Tetra Tech for £800 Million Water Management Framework
Tetra Tech, Inc. (NASDAQ: TTEK) has been selected by Northern Ireland (NI) Water as one of the companies on a framework contract valued at up to £800 million. This 8-year framework aims to support the sustainable delivery of key water and wastewater infrastructure projects across Northern Ireland. Tetra Tech's role will include:
1. Supporting NI Water in managing programs to strengthen climate resilience
2. Improving the delivery of sustainable services to NI Water customers
3. Providing innovative solutions such as integrated environmental modelling
4. Utilizing Machine Learning and AI techniques to optimize treatment operations
Tetra Tech has a long-standing relationship with NI Water, having provided critical water infrastructure support for decades. The company plans to leverage its Leading with Science® approach and global water expertise to support NI Water's leading water and wastewater program.
Tetra Tech, Inc. (NASDAQ: TTEK) è stata selezionata dall'ente idrico dell'Irlanda del Nord (NI Water) come una delle aziende coinvolte in un contratto quadro del valore di fino a 800 milioni di sterline. Questo contratto quadro di 8 anni mira a supportare la consegna sostenibile di progetti chiave per le infrastrutture idriche e di trattamento delle acque reflue in tutta l'Irlanda del Nord. Il ruolo di Tetra Tech includerà:
1. Sostenere NI Water nella gestione di programmi per rafforzare la resilienza climatica
2. Migliorare la fornitura di servizi sostenibili ai clienti di NI Water
3. Fornire soluzioni innovative come la modellazione ambientale integrata
4. Utilizzare tecniche di Machine Learning e AI per ottimizzare le operazioni di trattamento
Tetra Tech ha una lunga relazione con NI Water, fornendo supporto critico per le infrastrutture idriche da decenni. L'azienda prevede di sfruttare il proprio approccio Leading with Science® e la sua esperienza globale nell'acqua per supportare il programma di primo piano di NI Water per le acque e il trattamento delle acque reflue.
Tetra Tech, Inc. (NASDAQ: TTEK) ha sido seleccionada por el organismo de agua de Irlanda del Norte (NI Water) como una de las empresas en un contrato marco valorado en hasta 800 millones de libras. Este contrato marco de 8 años tiene como objetivo apoyar la entrega sostenible de importantes proyectos de infraestructura de agua y aguas residuales en toda Irlanda del Norte. El papel de Tetra Tech incluirá:
1. Apoyar a NI Water en la gestión de programas para fortalecer la resiliencia climática
2. Mejorar la entrega de servicios sostenibles a los clientes de NI Water
3. Proporcionar soluciones innovadoras como la modelización ambiental integrada
4. Utilizar técnicas de Machine Learning e inteligencia artificial para optimizar las operaciones de tratamiento
Tetra Tech tiene una larga relación con NI Water, habiendo proporcionado apoyo crítico a la infraestructura hídrica durante décadas. La empresa planea aprovechar su enfoque Leading with Science® y su experiencia global en agua para apoyar el programa líder de NI Water en agua y tratamiento de aguas residuales.
Tetra Tech, Inc. (NASDAQ: TTEK)는 북아일랜드(NI Water)의 수도회사에 의해 8억 파운드까지 가치를 지닌 계약 프레임워크의 하나로 선정되었습니다. 이 8년 기간의 계약은 북아일랜드 전역에서 주요 수자원 및 폐수 인프라 프로젝트의 지속 가능한 수행을 지원하는 것을 목표로 하고 있습니다. Tetra Tech의 역할은 다음과 같습니다:
1. 기후 회복력을 강화하기 위한 프로그램 관리 지원
2. NI Water 고객에게 지속 가능한 서비스 제공 개선
3. 통합 환경 모델링과 같은 혁신적 솔루션 제공
4. 처리 작업 최적화를 위한 머신러닝 및 인공지능 기술 활용
Tetra Tech는 수십 년 동안 NI Water와의 긴밀한 관계를 유지하며 중요한 수자원 인프라 지원을 제공해왔습니다. 이 회사는 Leading with Science® 접근 방식과 글로벌 수자원 전문성을 활용하여 NI Water의 선도적인 수자원 및 폐수 프로그램을 지원할 계획입니다.
Tetra Tech, Inc. (NASDAQ: TTEK) a été sélectionnée par Northern Ireland Water (NI Water) comme l'une des entreprises dans le cadre d'un contrat estimé à 800 millions de livres. Ce cadre de 8 ans vise à soutenir la livraison durable de projets clés d'infrastructure en eau et en eaux usées à travers l'Irlande du Nord. Le rôle de Tetra Tech comprendra :
1. Soutenir NI Water dans la gestion de programmes visant à renforcer la résilience climatique
2. Améliorer la fourniture de services durables aux clients de NI Water
3. Fournir des solutions innovantes telles que la modélisation environnementale intégrée
4. Utiliser des techniques de Machine Learning et d'IA pour optimiser les opérations de traitement
Tetra Tech entretient une relation de longue date avec NI Water, ayant fourni un soutien essentiel pour l'infrastructure de l'eau depuis des décennies. L'entreprise prévoit de tirer parti de son approche Leading with Science® et de son expertise mondiale en matière d'eau pour soutenir le programme de premier plan de NI Water dans le domaine de l'eau et des eaux usées.
Tetra Tech, Inc. (NASDAQ: TTEK) wurde von Northern Ireland Water (NI Water) als eines der Unternehmen ausgewählt, die an einem Rahmenvertrag im Wert von bis zu 800 Millionen Pfund teilnehmen. Dieser 8-Jahres-Rahmenvertrag zielt darauf ab, die nachhaltige Umsetzung wichtiger Wasser- und Abwasserinfrastrukturprojekte in Nordirland zu unterstützen. Die Rolle von Tetra Tech umfasst:
1. Unterstützung von NI Water bei der Verwaltung von Programmen zur Stärkung der Klimaresilienz
2. Verbesserung der Bereitstellung nachhaltiger Dienstleistungen für die Kunden von NI Water
3. Bereitstellung innovativer Lösungen wie integrierte Umweltmodellierung
4. Nutzung von Machine Learning- und KI-Techniken zur Optimierung von Betriebsabläufen
Tetra Tech pflegt seit Jahrzehnten eine langjährige Beziehung zu NI Water und hat seit langem kritische Unterstützung für die Wasserinfrastruktur geleistet. Das Unternehmen plant, seinen Ansatz Leading with Science® und sein globales Fachwissen im Bereich Wasser zu nutzen, um das führende Wasser- und Abwasserprogramm von NI Water zu unterstützen.
- Secured a position on an £800 million framework contract with Northern Ireland Water
- 8-year contract duration provides long-term revenue stability
- Opportunity to implement innovative solutions like AI and Machine Learning in water management
- Strengthens long-standing relationship with Northern Ireland Water
- None.
Insights
This £800 million framework contract with Northern Ireland Water represents a significant opportunity for Tetra Tech. The 8-year duration provides long-term revenue visibility and strengthens the company's position in the water infrastructure sector.
Key points to consider:
- The contract's size is substantial, potentially contributing
£100 million annually to Tetra Tech's revenue stream. - This reinforces Tetra Tech's expertise in water management and sustainable infrastructure, aligning with global trends in climate resilience and environmental sustainability.
- The inclusion of innovative solutions like AI and machine learning for treatment optimization showcases Tetra Tech's technological capabilities, potentially leading to improved margins and competitive advantage.
While the exact financial impact depends on the work orders received under the framework, this contract solidifies Tetra Tech's market position and could drive growth in their water segment. Investors should monitor the execution and potential for similar contracts in other regions.
This framework contract signifies a major commitment to upgrading Northern Ireland's water infrastructure with a focus on sustainability and climate resilience. The project scope aligns perfectly with global water management trends:
- Climate resilience: Adapting water systems to withstand extreme weather events and long-term climate changes.
- Sustainable services: Improving efficiency, reducing water loss and minimizing environmental impact.
- Integrated environmental modeling: Holistic approach to understanding and managing water resources.
- AI and ML in treatment operations: Potential for significant improvements in water quality and operational efficiency.
Tetra Tech's "Leading with Science" approach positions them well to deliver innovative solutions. This project could serve as a model for other regions facing similar water management challenges, potentially leading to additional contracts and cementing Tetra Tech's leadership in sustainable water infrastructure.
Under this 8-year framework, Tetra Tech engineers and scientists will support NI Water to manage programs including strengthening climate resilience and improving the delivery of sustainable services to NI Water customers. Tetra Tech will provide innovative solutions such as integrated environmental modelling and the use of Machine Learning and AI techniques to optimize treatment operations.
“Tetra Tech has provided NI Water with critical water infrastructure support for decades,” said Dan Batrack, Tetra Tech Chairman and CEO. “We look forward to continuing to use our Leading with Science® approach and global water expertise to support the delivery of their leading water and wastewater program.”
About Tetra Tech
Tetra Tech is the leader in water, environment and sustainable infrastructure, providing high-end consulting and engineering services for projects worldwide. With 28,000 employees working together, Tetra Tech provides clear solutions to complex problems by Leading with Science® to address the entire water cycle, protect and restore the environment, design sustainable and resilient infrastructure, and support the clean energy transition. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn and Facebook.
Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241007964056/en/
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844
Source: Tetra Tech, Inc.
FAQ
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