Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) announced today that United Sistema de Tuberias Limitada, a Chilean subsidiary of its United Pipeline Systems division, has been awarded two contracts valued at approximately $6 million (US) to install its Tite Liner® System in pipelines for Minera El Abra in Calama, Chile.
The Tite Liner® System is a high-density polyethylene liner designed to resist internal abrasion and corrosion in pipelines.
The liner is being used to internally protect a new 42-inch diameter pipeline from highly corrosive sulfuric acid raffinate as part of the $600 million "Sulfolix" expansion project. The pipeline will be nearly 25,000 feet long, and United's on-site installation will take place in extremely challenging high desert conditions. The El Abra copper mine is located at approximately 13,000 feet above sea level where cold temperatures and high winds are prevalent. Work on the project is expected to be completed by the end of 2010.
United Pipeline Systems began providing global pipeline protection in 1985, and has installed over 100,000 feet of Tite Liner® at the El Abra mine near Calama since 1995.
Dorwin Hawn, Insituform's Senior Vice President, Energy and Mining, said, "United Pipeline Systems has successfully installed pipeline in challenging environments throughout South America for nearly 20 years. Our General Manager, Sr. Roberto Ogarrio, and his team are prepared to meet the challenges of installing Tite Liner® for the Minera El Abra project as part of Insituform's continuing global pipeline protection efforts."
About United Pipeline Systems
United Pipeline Systems is a global leader in providing high-density polyethylene (HDPE) lining systems for internal pipeline protection. United has constructed and internally lined more than 13,000 kilometers (8,000 miles) of pipelines on six continents since 1985. United developed the Tite Liner® System, which protects steel pipelines from a variety of chemicals and abrasives through a broad range of temperatures and pressures. More information about United can be found at www.unitedpipeline.com.
About Insituform
Insituform Technologies, Inc. is a global leader in pipeline protection. Insituform provides proprietary technologies and services for rehabilitating sewer, water, energy and mining piping systems and the corrosion protection of industrial pipelines. More information about the Company can be found on its internet site at www.insituform.com.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. The Company makes forward-looking statements in this news release that represent the Company's beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to the Company and on management's beliefs, assumptions, estimates or projections and are not guarantees of future events or results. When used in this document, the words "anticipate," "estimate," "believe," "plan," "intend," "may," "will" and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks, uncertainties and assumptions, including those referred to in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2009, as filed with the Securities and Exchange Commission on March 1, 2010 and in our subsequent quarterly reports on Form 10-Q. In light of these risks, uncertainties and assumptions, the forward-looking events may not occur. In addition, our actual results may vary materially from those anticipated, estimated, suggested or projected. Except as required by law, we do not assume a duty to update forward-looking statement, whether as a result of new information, future events or otherwise. Investors should, however, review additional disclosures made by the Company from time to time in its periodic filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward looking-statements made by the Company in this news release are qualified by these cautionary statements.
Insituform®, United Pipeline Systems®,Tite Liner®, the Insituform® logo, and the United® logo are the registered and unregistered trademarks of Insituform Technologies, Inc. and its affiliates.
Contacts:
Insituform Technologies, Inc.
David F. Morris, 636-530-8000
Senior
Vice President and Chief Administrative Officer