CEMATRIX Wins $11.9 Million in New Contracts
CALGARY, Alberta — CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF), a prominent construction contractor renowned for its innovative cellular concrete solutions, has announced that it has secured new contracts worth $11.9 million.
Details of the New Contracts
These significant contract awards encompass various projects as well as ongoing contracts. While some projects are slated to kick off in 2025, others are expected to begin in the following year.
Highlighted Projects Include:
The newly secured contracts include a variety of applications:
- A load-reducing fill for a mechanised stabilized earth (MSE) wall on a highway improvement project.
- A load-reducing fill application tailored for another highway improvement initiative.
- A grout application designed for use in a pipeline abandonment project.
- A specialized load-reducing fill for a tank base project.
- A grout solution dedicated to a tunnel project.
- Additional contracts that mainly involve small to mid-sized projects focusing on lightweight fill applications across both Canada and the U.S.
Company's Commitment to Quality
Randy Boomhour, President and CEO of CEMATRIX, expressed his enthusiasm regarding the new awards, stating, "These recent contracts reaffirm the trust our customers place in CEMATRIX’s sales and operations teams to deliver high-quality solutions for their geotechnical construction needs. We are dedicated to creating value by consistently providing reliable, cost-effective products that are delivered on time and within budget. Each successful project enhances our reputation and opens doors for future opportunities."
About CEMATRIX Corporation
CEMATRIX is a leading specialty construction contractor dedicated to producing cellular concrete solutions on-site. Cellular concrete, known for its flowable, self-leveling, and cement-based properties, offers insulating benefits. CEMATRIX specializes in addressing complex geotechnical construction challenges with cost-effective, innovative solutions.
Applications of Cellular Concrete
The versatile applications for cellular concrete include:
- Lightweight engineered fill.
- Fill for MSE and retaining walls.
- Lightweight insulating road subbase.
- Flowable self-compacting fill.
- Abandonment of pipes and culverts.
- Grouting for tunnels and annular spaces.
- Backfills for tunnels and shafts.
- Underwater/tremie fills.
- Foundation insulation and shallow utility applications.
CEMATRIX is recognized as an emerging growth company highlighted by significant revenue, positive EBITDA, and a robust operational framework. Some of its significant subsidiaries include CEMATRIX (Canada) Inc., MixOnSite USA Inc., and Pacific International Grout Company.
Contact Information for Further Inquiries
For more information, please reach out to:
Jeff Walker, Vice President, The Howard Group
Phone: (888) 221-0915 or (403) 221-0915
Email: jeff@howardgroupinc.com
or
Glen Akselrod, President, Bristol Capital
Phone: (905) 326-1888 ext. 1
Email: glen@bristolir.com
Frequently Asked Questions
What types of solutions does CEMATRIX provide?
CEMATRIX provides cellular concrete solutions that are flowable, self-leveling, and tailored for various construction applications.
What is the total value of the new contracts?
The new contracts announced by CEMATRIX amount to $11.9 million.
When are the new projects expected to start?
Some projects are scheduled to begin in 2025, while others are anticipated to commence in 2026.
Who is the CEO of CEMATRIX?
The CEO of CEMATRIX Corporation is Randy Boomhour.
Where can I find more information about CEMATRIX?
For more details, you can visit CEMATRIX’s website at www.cematrix.com.