Insituform® and SpectraShield® Form Strategic Alliance
CHESTERFIELD, MO -- October 20, 2008 –- Insituform announced on October 20, 2008 during WEFTEC—the annual Water Environment Federation’s Technical Exhibition and Conference—it has signed an agreement with CCI Spectrum, Inc. making Insituform the exclusive independent sales representative for SpectraShield® Liner
Systems, a product of CCI Spectrum, Inc.
“At Insituform, we continually seek to diversify our product offerings in order to provide advanced technological solutions for our customer base,” said Alex Buehler, Insituform Vice President of Marketing and Technology. “This Agreement benefits our customers by providing an expanded array of superior, cost-effective solutions to meet their infrastructure needs.”
The patented SpectraShield® Liner System is used for the rehabilitation of manholes
and other wastewater structures, such as lift stations and wastewater treatment
plants.
The system can also be used in
industrial applications and developed into a platform for the drinking water
market.
Benefits of SpectraShield® Liner
Systems include a 100-year design life, elimination of infiltration and
exfiltration, increased structural integrity, corrosion prevention and fast
installation.
“The unique SpectraShield® system uses a one-manhole entry process, completing
rehabilitation in as little as one hour for a seven-foot manhole,” said Michele
Lucas, Insituform Product Manager.
“This agreement allows CCI Spectrum, Inc. to continue to build its SpectraShield® brand
on the same set of core values as Insituform, providing the rehabilitation
market with quality-driven products utilizing proprietary technology.“ said
Sims Rhyne, President of CCI Spectrum, Inc.
“Our certified licensee network will have the benefit of Insituform’s
sales force, which is the largest and most professional in the industry,”
Insituform will
begin immediately partnering with CCI Spectrum’s certified licensee network in order to provide more comprehensive solutions for its customers.
Insituform Technologies, Inc. is a leading worldwide provider of proprietary technologies and services for rehabilitating sewer, water and other underground piping systems without digging or disruption.
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, 2007, as filed with the Securities and Exchange Commission on March 10, 2008. 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 Clean water for the world® are the registered trademarks of Insituform Technologies, Inc. and its affiliates.
CONTACT: Insituform Technologies, Inc.
Aura Joyce, 636-530-8775
Marketing Communications Manager