Charles R.Gordon, president and chief executive officer of Aegion, said: “We are very pleased with this contract extension and strong partnerships in the region.USTS continues to expand its presence in the Middle East market thanks to Tite Formula Liner’s proven good fortune® as an economical, low-maintenance and effective solution.
The expanded scope of the paintings is expected to begin in the fourth quarter of 2020 and end in 2022.
About Aegion Corporation (NASDAQ: AEGN) Aegion combines cutting-edge technologies with cutting-edge expertise to maintain, rehabilitate and strengthen infrastructure around the world. Since 1971, the company has played a pioneering role in seeking transformative answers to rehabilitate aging infrastructure, primarily pipelines in the wastewater, water, power, mining and refining industries. Aegion also ensures the efficient operation of refineries and other commercial facilities. Aegion is engaged to Stronger. Safer. Infrastructure®. For more information on Aegion, stop over at www.aegion.com. Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Aegion’s forward-looking statements contained in this press release constitute its ideals or expectations regarding long-term occasions or monetary performance. These forward-looking statements are based on facts that exist for Aegion and on control ideals, assumptions, estimates or projections and are not promises of long-term occasions or effects. When used in this document, the words “anticipate”, “estimate”, “believe”, “plan”, “pretend”, “possibly”, “will” and similar expressions are intended to identify forward-looking statements, but are not it is the sole means of identifying such statements. These statements are subject to known and unknown risks, uncertainties and assumptions, adding those discussed in the “Risk Factors” segment of Aegion’s annual report on Form 10-K for the year ended December 31, 2019, filed with the stock market. Commission on March 2, 2020, and in documents presented subsequently, and in particular, they affect the existing outbreak of the COVID-19 virus and the evolution of the reaction to it. In light of these risks, uncertainties and assumptions, forward-looking occasions may not present themselves. Furthermore, the actual effects of Aegion are likely to differ materially from those expected, estimated, advised or projected. Except as required by law, Aegion assumes no legal responsibility to update forward-looking statements, whether as a result of new data, long-term occasions or otherwise. However, investors should review the additional data disclosed through Aegion from time to time in documents filed through Aegion with the Securities and Exchange Commission. Be careful and do not rely on forward-looking statements. All forward-looking statements made through Aegion in this press release are qualified through those cautionary statements. Aegion® and the Aegion® logo are registered trademarks of Aegion Corporation and its affiliates. For more information, contact: Katie Cason, Senior Vice President of Strategy and Communications 636-530-8000 | kcason@aegion.com