Matrix Service Company Announces Award for Large, Dual Service Full Containment Storage Tank for Delaware River Partners Along the East Coast

GlobeNewswire11-12

TULSA, Okla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading contractor to the energy and industrial markets across North America, today announced that it has been ...

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Hewitt. “With deep expertise in cryogenic storage and terminal solutions, we look forward to delivering our work on this project with our focus on ensuring best-in-class quality and safety.”","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4129":"建筑与工程","BK4144":"石油与天然气的储存和运输","BK4588":"碎股","MTRX":"Matrix Service Company","LPG":"Dorian LPG","ESG":"FlexShares STOXX US ESG Select Index Fund","BK4585":"ETF&股票定投概念"},"translate_title":"Matrix Service Company宣布为东海岸特拉华河合作伙伴提供大型双重服务全密封储罐","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ESG":1,"LPG":1,"MTRX":1},"content_text":"TULSA, Okla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq: MTRX), a leading contractor to the energy and industrial markets across North America, today announced that it has been awarded engineering, fabrication, and construction work for the inner steel tank scope of work on a 100,000 m3 full containment storage tank with Cashman Preload Cryogenics for Delaware River Partners located in Gibbstown, New Jersey.\nThe tank’s unique dual-service design provides maximum operational flexibility, allowing for storage of Liquid Ammonia or Liquid Propane Gas (LPG).\n“We are proud to be a part of building out this critical infrastructure, which supports the significant increase in U.S. LPG exports over the last several years as countries worldwide rely on U.S. supplies of fuel and petrochemical,” said Matrix President and CEO John R. Hewitt. “With deep expertise in cryogenic storage and terminal solutions, we look forward to delivering our work on this project with our focus on ensuring best-in-class quality and safety.”\nThe project was taken into backlog in the first quarter of fiscal 2025.\nMatrix Service Company\nMatrix Service Company (Nasdaq: MTRX), through its operating companies, is a leading North American industrial engineering, construction, and maintenance contractor headquartered in Tulsa, Oklahoma with offices located throughout the United States and Canada, as well as Sydney, Australia and Seoul, South Korea.\nThe Company reports its financial results in three key operating segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions.\nWith a focus on sustainability, building strong Environment, Social and Governance (ESG) practices, and living our core values, Matrix ranks among the Top Contractors by Engineering-News Record, has been recognized for its Board diversification, is an active signatory to CEO Action for Diversity and Inclusion, and is recognized as a Great Place to Work®. To learn more about Matrix Service Company, visit www.matrixservicecompany.com and read our most recent Sustainability Report.\nFor more information about Matrix, please contact:\nKellie SmytheMatrix Service CompanySenior Director, Investor RelationsT: 918-359-8267Email: ksmythe@matrixservicecompany.com\nThis 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.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482774214"}