Tetra Tech, Inc. : Tetra Tech Awarded Feasibility Study for Environmental Remediation Project at Cameco's Port Hope Conversion Facility
06/27/2012| 09:05am US/Eastern
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Tetra Tech, Inc. (NASDAQ: TTEK) announced today that it has been awarded
a contract to complete the feasibility study for a major remediation
project in Port Hope, Ontario, Canada. The remediation effort is a
cornerstone of the "Vision in Motion" project being conducted by Cameco
Corporation, one of the world's largest uranium producers. Following the
satisfactory completion of the feasibility study, Cameco plans to enter
into an engineering-procurement-construction management (EPCM) contract
for the remediation and construction phase. The value of the feasibility
study was not disclosed.
The Vision in Motion program involves the removal of old and
under-utilized buildings, contaminated soil and stored wastes as well as
the construction of new buildings at Cameco's Port Hope Conversion
Facility.
Dan Batrack, Tetra Tech's Chairman and CEO, said, "We are pleased to
have the opportunity to help Cameco clean up, modernize, and improve the
appearance of the Port Hope Conversion Facility, in accordance with
strict environmental standards and the desires of the local community
and other stakeholders."
Vision in Motion will require transferring approximately 150,000 cubic
metres of material to a government-run long-term waste management
facility. The feasibility study is scheduled to be completed in the fall
of 2012, with EPCM implementation beginning in 2013.
About Tetra Tech (www.tetratech.com)
Tetra Tech is a leading provider of consulting, engineering, program
management, construction management, and technical services. The Company
supports government and commercial clients by providing innovative
solutions to complex problems focused on water, environment, energy,
infrastructure, and natural resources. With more than 13,000 employees
worldwide, Tetra Tech's capabilities span the entire project life cycle.
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 10-Q filings with the
Securities and Exchange Commission.
Tetra Tech, Inc.
Jim Wu, Investor Relations
Talia Starkey,
Media & Public Relations
626-470-2844
© Business Wire 2012
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