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Insituform Wins $17.9 Million Contract for the Sacramento Area Sewer District

CHESTERFIELD, MO,
April 22, 2009– Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) announced today that it has been awarded a $17.9 million contract for the Sacramento Area Sewer District.  Work on the project, which is scheduled to begin in June, 2009, is expected to be completed in September, 2010.  Insituform plans to install nearly 45,000 feet of medium- and large-diameter Insituform® CIPP under this contract award.

“We are pleased to work with the Sacramento Area Sewer District as they rehabilitate their underground infrastructure.  The experience of our project management team is ideally suited to complete large-scale projects like this and we will work directly with our customer to ensure that their requirements and expectations are met,” said Joe Lane, Insituform West Region General Manager. He continued, “We have been working in the Sacramento area for over ten years and look forward to additional work as the City and County continue to rehabilitate their systems.”

"The Sacramento Area Sewer District is looking forward to a very successful and rewarding working relationship with Insituform Technologies Inc.  We expect the Central Trunk Project to be completed on time and within the approved budget," stated Christoph Dobson, Sacramento Area Sewer District Chief.

Insituform® CIPP can be manufactured with recycled materials and is installed without digging which creates little to no disruption to communities and significantly reduces the carbon footprint of the job site.  Insituform® CIPP, a jointless pipe-within-a-pipe, rehabilitates pipes, reduces infiltration, restores structural integrity and increases flow capacity.  The Insituform® CIPP process is suited for sewer repair and is used to rehabilitate sanitary sewers, storm sewers and force mains. Insituform has rehabilitated over 17,000 miles of CIPP since first inventing the technology in 1971. 

 

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

 

For more information, contact:
David F. Morris
Senior Vice President and Chief Administrative Officer
636-530-8000


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