TRC Awarded Storm Hardening Contract by Public Service of New Hampshire
June 17 2014 - 9:00AM
Marketwired
TRC Awarded Storm Hardening Contract by Public Service of New
Hampshire
Company to Support Improved Protection Against Weather Related
Outages
LOWELL, MA--(Marketwired - Jun 17, 2014) - TRC Companies, Inc.
(NYSE: TRR) was recently awarded a $1.5 million contract by Public
Service of New Hampshire (PSNH) to support the hardening of
transmission lines and structures throughout the state as a
preventative measure against outages caused by weather events.
"Public Service of New Hampshire is a long-term client of TRC,
and we are proud to support them on this important project," said
Chris Vincze, Chairman and Chief Executive Officer. "Our experience
in hardening Northeast Utilities' system in Connecticut after the
2011 storms made us uniquely qualified to manage this transmission
engineering project, ensuring a stronger electrical infrastructure
for PSNH and more reliable service for its customers."
TRC will analyze 101 power lines (115 kV, 230 kV, and 345 kV)
totaling 1,019 miles and approximately 11,500 structures within
PSNH's transmission system. Based on that analysis, TRC will
recommend design improvements for overloaded structures and
prioritize them for replacement. The project is anticipated to be
complete in 2015.
About TRC A pioneer in groundbreaking scientific and engineering
developments since the 1960s, TRC is a national engineering,
consulting and construction management firm that provides
integrated services to the energy, environmental and infrastructure
markets. TRC serves a broad range of clients in government and
industry, implementing complex projects from initial concept to
delivery and operation. TRC delivers results that enable clients to
achieve success in a complex and changing world. For more
information and updates from the Company, visit TRC's website at
www.TRCsolutions.com and follow TRC on Twitter and StockTwits at
@TRC_Companies and on LinkedIn.
Forward-Looking Statements Certain statements in this press
release may be forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. You can identify these statements
by forward-looking words such as "may," "expects," "plans,"
"anticipates," "believes," "estimates," or other words of similar
import. You should consider statements that contain these words
carefully because they discuss TRC's future expectations, contain
projections of the Company's future results of operations or of its
financial condition, or state other "forward-looking" information.
TRC believes that it is important to communicate its future
expectations to its investors. However, there may be events in the
future that the Company is not able to accurately predict or
control and that may cause its actual results to differ materially
from the expectations described in its forward-looking statements.
Investors are cautioned that all forward-looking statements involve
risks and uncertainties, and actual results may differ materially
from those discussed as a result of various factors, including, but
not limited to, the uncertainty of TRC's operational and growth
strategies; circumstances which could create large cash outflows,
such as contract losses, litigation, uncollectible receivables and
income tax assessments; regulatory uncertainty; the availability of
funding for government projects; the level of demand for TRC's
services; product acceptance; industry-wide competitive factors;
the ability to continue to attract and retain highly skilled and
qualified personnel; the availability and adequacy of insurance;
and general political or economic conditions. Furthermore,
market trends are subject to changes, which could adversely affect
future results. See the risk factors and additional discussion in
TRC's Annual Report on Form 10-K for the fiscal year ended June 30,
2013, Quarterly Reports on Form 10-Q, and other factors detailed
from time to time in the Company's other filings with the
Securities and Exchange Commission.
Company Contacts: Angela Cincotta (978) 656-3594
acincotta@trcsolutions.com Catherine Stanley (978) 656-3538
cstanley@trcsolutions.com Investor Contact: Sharon Merrill
Associates (617) 542-5300
trr@investorrelations.com
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