Brampton, Ontario--(Newsfile Corp. - October 1, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG) ("UIG" or the "Corporation"), a concrete and drainage infrastructure construction company focused on new residential housing projects, has been awarded a contract for concrete and drainage work for a large-scale residential development by one of its largest developer customers in Kitchner, Ontario.
Against the backdrop of a very difficult industry and economic conditions in Ontario, UIG prevailed in what was a very competitive bid process. The contract is for 100 units with a start date set for next month and to be completed in approximately six months.
This latest win comes on the heels of the ~200 new home project win announced in late August. That project is in Milton, Ontario and work is underway this week.
These projects underscore UIG's expertise in delivering critical infrastructure for large-scale residential communities and its commitment to supporting the growth of dynamic regions like Milton and Kitchener.
"We are pleased to partner on the Kitchner development," said Gary Alves, Chief Executive Officer. "The awarding of this contract further recognizes UIG's commitment to quality and efficient delivery of concrete and drainage solutions essential for sustainable communities. There is a long way to go in order to begin to address the supply-demand imbalance in the residential new build industry and UIG is committed to being part of the long term solution."
About Urban Infrastructure Group
UIG is a leading concrete and drainage infrastructure construction group engaged in the earliest stage of the construction process - known as Stage One. Urban Infrastructure Group specializes in large-scale, master-planned residential communities, with partners and customers behind some of Ontario's most significant residential development projects.
Connect with UIG: https://urbaninfrastructuregroup.com/
Contact:
Krisztina Alves
Investor Relations
T: 905-866-2483
E: krisztina@urbaninfrastructuregroup.com
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Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of UIG, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Some of these risks are described under the "Caution on Forward-Looking Information" section and "Risk Factors" section of the MD&A. Although UIG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. UIG does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268657
SOURCE: Urban Infrastructure Group Inc.
