Atlas Awarded Three-Year, $21 Million Contract Extension at the Naval Nuclear Laboratory
Atlas reselected to provide Construction Materials Testing for the Spent Fuel Handling Recapitalization Project
News provided byAtlas Technical Consultants, Inc.
Jan 25, 2023, 7:00 AM ET
AUSTIN, Texas, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced that it has been awarded a three-year, $21 million contract extension to provide Construction Materials Testing (CMT) on the Spent Fuel Handling Recapitalization Project at the Naval Nuclear Laboratory.
Under the contract with Fluor Marine Propulsion, LLC, which manages the Naval Nuclear Laboratory, Atlas is designated as the Independent Testing Agency ensuring that concrete materials used at the site meet proper Nuclear Quality Assurance (NQA-1) standards. Atlas engineers and technical staff will conduct material and vendor validation, concrete mix design and batch plant certifications, field testing of soils and concrete to ensure compliance and safety with all Nuclear Quality Assurance standards.
“We are honored to build on our 20+ years of experience across a variety of projects at the Idaho National Laboratory (INL). This contract extension allows us to continue our work at the Naval Nuclear Laboratory at INL to ensure the consistent delivery of high-quality assets for U.S Government agencies including the Department of Energy and the National Nuclear Security Administration,” said Atlas CEO, L. Joe Boyer. “This project highlights Atlas’ ability to provide highly technical quality assurance solutions on projects related to the Nation’s most critical infrastructure assets.”
The Spent Fuel Handling Recapitalization Project, located at the Naval Nuclear Laboratory at the Idaho National Laboratory, supports the Naval Nuclear Propulsion Program’s mission through the transportation and processing of spent nuclear fuel for packaging and safe storage after removal from the U.S. Navy’s submarine and aircraft carrier fleet.
About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a leading provider of Infrastructure and Environmental Solutions. We partner with our clients to improve performance and extend the lifecycle of built and natural infrastructure assets stressed by climate, health, and economic impacts. With 3,500+ employees nationwide, Atlas brings deep technical expertise to public- and private-sector clients, integrating services across four primary disciplines: Environmental (ENV); Testing, Inspection and Certification (TIC); Engineering & Design (E&D); and Program Management/Construction Management, and Quality Management (PCQM). To learn more about Atlas innovations for transportation, commercial, water, government, education, and industrial markets, visit https://www.oneatlas.com.
The statements contained in this press release that are not purely historical are forward-looking statements. Our forward-looking statements include, but are not limited to, statements regarding our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. The information included in this press release in relation to Atlas has been provided by Atlas and its management team, and forward-looking statements include statements relating to Atlas’ management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us and are based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (1) the effect, impact, potential duration or other implications of the COVID-19 pandemic and any expectations we may have with respect thereto; (2) the risk that our actual results may differ from the guidance we have provided; (3) the ability to recognize the anticipated benefits of our past acquisitions, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain management and key employees; (4) changes adversely affecting the business in which we are engaged; (5) changes in applicable laws or regulations; (6) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (7) other risks and uncertainties indicated from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, including those under “Risk Factors” therein.
Chase Jacobson, Vallum Advisors