CAMBRIDGE, ON, Jan. 11, 2012 /CNW/ - Aecon Group Inc. (TSX:ARE) announced today that its Cambridge fabrication facility has been awarded nuclear accreditation, known as the "N-Stamp" from the American Society of Mechanical Engineers (ASME).
The N-Stamp is the internationally recognized U.S. industry standard in quality assurance for the construction, inspection and maintenance of nuclear facilities. Nuclear accreditation from ASME confirms Aecon's capability to produce nuclear-grade components in accordance with the applicable codes and standards.
"Obtaining the ASME N-Stamp certification is an important strategic milestone for Aecon, demonstrating the high standards of quality that our facilities adhere to. It opens new markets for us, which could further accelerate the significant business volume growth in the nuclear power sector Aecon has experienced in recent years," said Paul Koenderman, Executive Vice President, Aecon Group Inc. "This achievement positions us well in the clean energy industry, of which nuclear power is a key component."
Aecon's 120,000 square foot facility in Cambridge performs a broad range of fabrication work including piping, custom steel, and module fabrication using state-of-the-art, automated equipment. The facility includes a fully automatic welding machine, numerous semi-automatic machines, as well as an on-site post weld heat treatment furnace. Approximately 250 people are employed at the facility.
Aecon has over forty years of experience in the nuclear industry, and maintains a CSA N285 nuclear quality certification in Canada. Other non-nuclear certifications include CSA B51, ASME U, S, A & PP stamps, CWB W47.1, as well as an ISO 9001:2008 registration.
Aecon Group Inc. is one of Canada's largest and most diverse construction and infrastructure development companies. Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and on a selected basis internationally. Aecon is pleased to be recognized as one of the Best Employers in Canada.
The information in this press release includes certain forward-looking statements. These "forward-looking" statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. In addition to general global events outside Aecon's control, there are factors which could cause actual results, performance or achievements to vary from those expressed or inferred herein including risks associated with an investment in the common shares of Aecon and the risks related to Aecon's business, including Large Project Risk and Contractual Factors. Risk factors are discussed in greater detail in the section on "Risk Factors" in the Annual Information Form filed on March 30, 2011 and available at www.sedar.com. Forward-looking statements include information concerning possible or assumed future results of operations or financial position of Aecon, as well as statements preceded by, followed by, or that include the words "believes," "expects," "anticipates," "estimates," "projects," "intends," "should" or similar expressions. Important factors, in addition to those discussed in this document, could affect the future results of Aecon and could cause those results to differ materially from those expressed in any forward-looking statements.
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