MARLTON, N.J. and SAO PAULO, Brazil, Nov. 25, 2013 (GLOBE NEWSWIRE) -- Hill International (NYSE: HIL ), the global leader in managing construction risk, announced today that its Brazilian subsidiary Engineering S.A. has received four contracts to manage the construction of four new wind farms located in the Brazilian states of Piauí, Ceará, Salvador and Pernanbuco. The awarding clients include the House of Renewable Wind Energy, Servtec Rio Bravo Energy and Global Energy Contour. The contracts have a combined estimated value to Hill of approximately R$18.0 million ($7.9 million).
Since 2007, the company has managed the construction of 25 wind farms that are already in operation, which represent approximately 760 megawatts of installed capacity. Currently, Engineering S.A. is managing the construction of 14 additional wind farms: seven in the state of Rio Grande do Norte with installed capacity of 183 megawatts and seven in the state of Bahia with installed capacity of 170 megawatts.
"We manage all phases of wind farm development, including viability studies, design, procurement and construction, all the way through to the operation phase," said Marcelo Herrmann, the Director of Engineering S.A. responsible for wind farm projects throughout Latin America.
Hill International, with 4,000 employees in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the 9th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com .
The Hill International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5733
Certain statements contained herein may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any projections of revenues, earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
(HIL-G)
Hill International, Inc. John P. Paolin Senior Vice President of Marketing and Corporate Communications (856) 810-6210 The Equity Group Inc. Devin Sullivan Senior Vice President (212) 836-9608
