Dépêches

TRC Continues ‘First Class’ Service to Federal Aviation Administration with $10 Million Contract

Dépèche transmise le 26 mai 2009 par Business Wire

TRC Continues ‘First Class’ Service to Federal Aviation Administration with $10 Million Contract

LOWELL, Mass.--(BUSINESS WIRE)--TRC Companies, Inc. (NYSE: TRR) today announced it has received a five-year, sole-source contract from the Federal Aviation Administration (FAA) – William J. Hughes Technical Center, valued at $10 million to provide highly specialized environmental engineering and scientific services.

“As a company committed to environmental services, TRC is honored to be selected by the FAA to support this important project,” said TRC Chairman and Chief Executive Officer Chris Vincze. “We have maintained a long and rewarding relationship with the FAA since 1986. Being awarded another long-term FAA contract confirms our ability to deliver high-quality environmental engineering work and meet the administration’s stringent compliance schedules.”

Under the terms of the contract, TRC will continue to provide consulting services in all phases of site remediation at the FAA Technical Center located just outside of Atlantic City, N.J. In addition, TRC will provide final design services on new treatment plants, conduct comprehensive evaluations and prepare detailed designs to upgrade and enhance the existing treatment systems. Failure to clean up these contaminated sites would lead to contamination of Atlantic City’s Reservoir and Well Field system, which provides potable water to 32 million visitors per year as well as 40,000 full-time residents.

About TRC

TRC creates and implements sophisticated and innovative solutions to the challenges facing America's environmental, energy, and infrastructure markets. The Company also is a leading provider of technical, financial, risk management, and construction services to commercial and government customers across the country. Headquartered in Lowell, MA, TRC has approximately 2,600 employees and more than 70 domestic offices. For more information, visit TRC's website at www.TRCsolutions.com.

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 our future expectations, contain projections of our future results of operations or of our financial condition, or state other "forward-looking" information. We believe that it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to accurately predict or control and that may cause our actual results to differ materially from the expectations we describe in our 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 availability and adequacy of insurance; the uncertainty of our operational and growth strategies; regulatory uncertainty; the availability of funding for government projects; the level of demand for our services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; changes in our senior management; the results of outstanding litigation; risks arising from either failure to identify, or from identified material weaknesses in our internal controls over financial reporting or our inability to effectively remedy such weaknesses; our inability to comply with the terms of our credit facility and our lenders' future unwillingness to waive our noncompliance; and general political or economic conditions. Furthermore, market trends are subject to changes which could adversely affect future results. See additional discussion in our Annual Report on Form 10-K for the fiscal year ended June 30, 2008, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in our other filings with the Securities and Exchange Commission.