Insituform Wins Large iPlus™ Composite Contract for the San Diego County Regional Airport Authority

Dépèche transmise le 27 mai 2009 par Business Wire

CHESTERFIELD, Mo.--(BUSINESS WIRE)--Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) announced today that it was awarded a $2.6 million contract for the San Diego County Regional Airport Authority. Insituform will rehabilitate nearly 2,000 feet of 96-inch sanitary sewer pipes using its iPlus™ Composite system. Work is expected to begin June 1 and should be completed by the end of August 2009.

Joe Lane, the General Manager for Insituform’s West Region, explained some of the characteristics of this project. “The Airport Authority recognized that the addition of a new terminal and parking area at the airport would require the reinforcement of the existing sanitary sewer in order to handle the increased loading on the underground pipe. In addition to increasing the structural capabilities of the liner, the project specifications required minimal reduction in flow capacity. iPlus™ Composite, a fiber-reinforced, premium cured-in-place pipe (CIPP) product that provides greater strength and stiffness with nearly half the wall thickness of conventional CIPP products, is the ideal solution for the Airport Authority.”

Other unique field conditions at the project site include soil contaminants and high ground water. Lane continued, “Our crews have successfully installed CIPP for over 35 years. We will work with the Airport Authority as well as the general contractor, Charles King Company, to ensure that the challenges of this project are addressed and the Airport’s expectations are met.”

By combining innovative engineering technology with superior materials, the iPlus™ Composite system is a fully structural pipeline rehabilitation product suitable for a wide range of medium- to large-diameter sanitary and storm sewers.

About Insituform

Insituform Technologies, Inc. is a leading worldwide provider of proprietary technologies and services for rehabilitating sewer, water, energy and mining piping systems and the corrosion protection of industrial pipelines. More information about the Company can be found on its internet site at www.insituform.com.

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. The Company makes forward-looking statements in this news release that represent the Company’s beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to the Company and on management’s beliefs, assumptions, estimates or projections and are not guarantees of future events or results. When used in this document, the words “anticipate,” “estimate,” “believe,” “plan,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks, uncertainties and assumptions, including those referred to in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, as filed with the Securities and Exchange Commission on March 2, 2009, and in our subsequent quarterly reports on Form 10-Q. In light of these risks, uncertainties and assumptions, the forward-looking events may not occur. In addition, our actual results may vary materially from those anticipated, estimated, suggested or projected. Except as required by law, we do not assume a duty to update forward-looking statement, whether as a result of new information, future events or otherwise. Investors should, however, review additional disclosures made by the Company from time to time in its periodic filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward-looking statements made by the Company in this news release are qualified by these cautionary statements.

Insituform, the Insituform® logo and iPlus™ Composite are the registered and unregistered trademarks of Insituform Technologies, Inc. and its affiliates.

Business Wire

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