CEMATRIX Secures $9.7 Million in New Contracts, Expanding Growth
CEMATRIX's Recent Contract Wins
Recently, CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF), a recognized leader in the construction industry specializing in cellular concrete solutions, has announced an impressive $9.7 million in new contract awards. This announcement marks a significant achievement for the company, showcasing its ongoing growth and the trust that clients place in their innovative services.
Details of the New Contracts
The latest contract awards highlight the diverse applications of CEMATRIX's cellular concrete. Key projects include:
Significant New Ventures:
- A major contract dedicated to a tunnel grouting application, which speaks to the company’s expertise in infrastructure projects.
- An additional change order that increases the contract value related to lightweight fill for a light rail transit extension project.
Commitment to Quality and Customer Service
Randy Boomhour, President and CEO of CEMATRIX Corporation, expressed his enthusiasm about the recent contracts, stating, "Our focus is on providing value to our customers by consistently delivering a quality product, on time and on budget. Every successful project reinforces our reputation, making the next sales process easier. These awards exhibit our customers' confidence in our capabilities."
As the construction season arrives, Boomhour indicated a proactive attitude towards the busy period ahead. He cautioned shareholders, emphasizing that while they aim for continuous contract wins, not every month will bring new announcements. "These new contracts are a robust start to the year, and we anticipate further announcements as additional projects are secured," he noted.
The Role of Cellular Concrete Solutions
CEMATRIX stands out in North America as a premier manufacturer and supplier of cellular concrete. Their solutions are not just innovative; they are also cost-effective and tailored to address challenging geotechnical construction issues. The versatility of cellular concrete allows CEMATRIX to serve a wide array of applications, such as:
- Lightweight engineered fills
- MSE & retaining wall fills
- Lightweight insulating road sub-bases
- Flowable self-compacting fills
- Pipe & culvert abandonments
- Tunnel & shaft backfills
- Underwater fills
- Shallow utility & foundation insulation
A Bright Future for CEMATRIX
CEMATRIX is not just a growing construction company but also a financially healthy entity, showcasing substantial revenue and positive cash flow from operations. Their balance sheet reflects stability and growth potential, which is enhanced by a skilled and dedicated team. The company operates through several subsidiaries, including CEMATRIX (Canada) Inc., MixOnSite USA Inc., and Pacific International Grout Company, helping them extend their impact and capability across various markets.
Contact Information
For more information about CEMATRIX and their innovative solutions, interested parties can reach out to their investor relations contact:
Jeff Walker, The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
Email: jeff@howardgroupinc.com
Glen Akselrod – President, Bristol Capital
Phone: (905) 326-1888 ext 1
Email: glen@bristolir.com
Frequently Asked Questions
What are the recent contracts announced by CEMATRIX?
CEMATRIX announced $9.7 million in new contract awards, including a notable tunnel grouting application and additional work on lightweight fill for a transit project.
What is CEMATRIX Corporation's primary focus?
CEMATRIX specializes in producing cellular concrete solutions, offering innovative and cost-effective geotechnical construction services.
How does CEMATRIX ensure quality in its projects?
The company is committed to delivering quality products on time and within budget, strengthening customer confidence in their solutions.
What applications does cellular concrete serve?
Cellular concrete is versatile, serving applications such as lightweight fills, foundation insulation, tunnel backfills, and more.
Who can be contacted for investor relations queries regarding CEMATRIX?
For investor relations, Jeff Walker from The Howard Group is the main contact, with additional support from Glen Akselrod at Bristol Capital.
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