TORONTO, Oct. 1 /CNW/ - Aecon Group Inc. (TSX: ARE) today announced that
its wholly-owned subsidiary, Innovative Steam Technologies (IST), has been
awarded two contracts totaling $8 million to supply its Once-Through Steam
Generator (OTSG) units to clients in Turkey.
The first contract calls for the design and supply of an OTSG unit for
the Ataer industrial zone in Izmir, Turkey, a holiday town on the Agean coast.
The project is scheduled for a September 2009 delivery.
Under the terms of the second contract, IST will supply an OTSG unit to
Ugur Enerji in Cerkezkoy, Turkey. The OTSG unit will operate in a cogeneration
mode, producing steam energy for the textile industry in Turkey. This is the
second OTSG module IST has provided for the Cerkezkoy industrial area in
Turkey. The project is scheduled for a July 2009 delivery.
These new contracts represent the ninth and tenth OTSG units supplied by
IST to clients in Turkey.
"Turkey has become an important market for us as we continue to expand
our services internationally," said Bob Dautovich, President of IST. "We're
very pleased to have been awarded these new contracts, and we look forward to
future opportunities to provide services to other clients in the region."
Innovative Steam Technologies is the world leader in the design and
fabrication of once-through-steam-generators and is a wholly owned division of
Aecon Group Inc.
Aecon Group Inc. is Canada's largest publicly traded construction and
infrastructure development company. Aecon and its subsidiaries provide
services to private and public sector clients throughout Canada and
internationally. Aecon is pleased to be recognized as one of the 50 Best
Employers in Canada as published by Report on Business Magazine.
The information in this news release includes certain forward-looking
statements. These statements are based upon assumptions that are subject to
significant risks and uncertainties which are discussed in greater detail in
the section entitled "Risk Factors and Uncertainties" in Management's
Discussion and Analysis of operating results and Financial Condition for the
year ended December 31, 2007 filed on SEDAR at www.sedar.com. Although Aecon
believes that the expectations reflected in forward-looking statements are
reasonable, it can give no assurance that the expectations of any
forward-looking statements will prove to be correct.
For further information:
For further information: Mitch Patten, Vice President, Corporate
Affairs, Aecon Group Inc., (416) 297-2615, email@example.com, www.aecon.com