×

Matrix SME Selected to Remove, Install and Construct High-Voltage Transmission Lines

Matrix Service Company Logo

TULSA, Okla., Nov. 8, 2012 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq:MTRX) announced today that its subsidiary, Matrix SME, has been awarded contracts in excess of $12 million for high-voltage transmission work throughout New Jersey. These contracts were awarded in our first quarter ending September 30, 2012.

The scope of these projects includes the removal and installation of over 200 power poles, both wood and steel, as well as the rebuild and reconductor of several miles of existing transmission line.

John Hewitt, CEO of Matrix Service Company, noted that "these project awards further demonstrate the Company's capabilities in the transmission and distribution industry as well as our commitment to growth within our electrical infrastructure segment."

About Matrix Service Company

Matrix Service Company provides engineering, fabrication, construction and maintenance services to Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial markets.

The Company is headquartered in Tulsa, Oklahoma, with regional operating facilities in the United States and Canada.

The Matrix Service Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13990

This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as "anticipate," "continues," "expect," "forecast," "outlook," "believe," "estimate," "should" and "will" and words of similar effect that convey future meaning, concerning the Company's operations, economic performance and management's best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences, including those factors discussed in the "Risk Factors" and "Forward Looking Statements" sections and elsewhere in the Company's reports and filings made from time to time with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond the control of the Company, and any one of which, or a combination of which, could materially and adversely affect the results of the Company's operations and its financial condition. We undertake no obligation to update information contained in this release.

CONTACT: Matrix Service Company Kevin Cavanah Vice President and CFO T: 918-838-8822 E: kcavanah@matrixservicecompany.com

Source:Matrix Service Company