California Excessive-Pace Rail Authority Selects Atlas and Its

As a part of the AECOM-led three way partnership, Atlas will present high quality administration for the California Excessive-Pace Rail Challenge

Atlas to ebook roughly $65 million to backlog in fourth quarter 2022

AUSTIN, Texas, Jan. 03, 2023 (GLOBE NEWSWIRE) — Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Firm”), a number one Infrastructure and Environmental options supplier, introduced at present that it’s a member of the three way partnership group that was chosen to supply program supply help for the California Excessive-Pace Rail mission. The three way partnership, led by AECOM, consists of Atlas, different companions and 26 small companies, deprived enterprise enterprises, and disabled veteran enterprise enterprise corporations. The $400 million contract awarded by the California Excessive Pace Rail Authority has a time period of 4 years, with two, one-year extension choices. Atlas will ebook roughly $65 million in fourth quarter 2022 backlog with work anticipated to start instantly.

“We’re extraordinarily proud to be a part of the AECOM-led three way partnership and look ahead to implementing a best-in-class high quality administration system for the California Excessive-Pace Rail mission, which can assist California lead the nation in constructing world-class infrastructure and fight local weather change,” mentioned L. Joe Boyer, Atlas’ Chief Govt Officer. “This win highlights the success we’ve had in increasing our technical capabilities and scale by acquisitions, enabling us to associate with our purchasers and communities nationally to remodel the way in which mega-infrastructure initiatives are delivered.”

As a part of the three way partnership group, Atlas will develop and implement a high quality administration system that assures plans, processes, and actions of this world-class transportation program are executed in an interconnected, unified, and mutually helpful method whereas guaranteeing compliance with inside and exterior necessities.

The California Excessive-Pace Rail mission is the primary of its form in america. It’ll remodel how individuals commute and journey, spur financial progress, and promote a cleaner atmosphere by connecting NorCal to SoCal by way of dependable rail. There are at the moment 119 miles of rail line below development and 52 miles below superior design within the Central Valley with service anticipated to start by the top of the last decade. By disciplined environmental initiatives that define land preservation measures, recycling applications, and renewable power funding, the mission will make sure the safety of pure assets at each step; per yr, California Excessive-Pace Rail operations are projected to generate greenhouse gasoline emissions financial savings of roughly two million metric tons in carbon dioxide equal.

About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a number one supplier of Infrastructure and Environmental Options. We associate with our purchasers to enhance efficiency and prolong the lifecycle of constructed and pure infrastructure property pressured by local weather, well being, and financial impacts. With 3,500+ workers nationwide, Atlas brings deep technical experience to public- and private-sector purchasers, integrating companies throughout 4 main disciplines: Environmental (ENV); Testing, Inspection and Certification (TIC); Engineering & Design (E&D); and Program Administration/Building Administration, and High quality Administration (PCQM). To be taught extra about Atlas improvements for transportation, industrial, water, authorities, schooling, and industrial markets, go to https://www.oneatlas.com.

Ahead-Wanting Statements
The statements contained on this press launch that aren’t purely historic are forward-looking statements. Our forward-looking statements embrace, however will not be restricted to, statements relating to our administration group’s expectations, hopes, beliefs, intentions or methods relating to the long run. The data included on this press launch in relation to Atlas has been offered by Atlas and its administration group, and forward-looking statements embrace statements regarding Atlas’ administration group’s expectations, hopes, beliefs, intentions or methods relating to the long run. As well as, any statements that consult with projections, forecasts or different characterizations of future occasions or circumstances, together with any underlying assumptions, are forward-looking statements. The phrases “anticipate,” “imagine,” “proceed,” “may,” “estimate,” “anticipate,” “intends,” “might,” “would possibly,” “plan,” “potential,” “potential,” “predict,” “mission,” “ought to,” “would” and related expressions might determine forward-looking statements, however the absence of those phrases doesn’t imply {that a} assertion just isn’t forward-looking. The forward-looking statements contained on this press launch are based mostly on our present expectations and beliefs regarding future developments and their potential results on us and are based mostly on administration’s expertise and notion of historic tendencies, present situations, anticipated future developments and different components believed to be applicable. There might be no assurance that future developments affecting us will likely be those who we’ve anticipated. These forward-looking statements contain a lot of dangers, uncertainties (a few of that are past our management) or different assumptions that will trigger precise outcomes or efficiency to be materially totally different from these expressed or implied by these forward-looking statements. These dangers and uncertainties embrace, however will not be restricted to: (1) the impact, impression, potential length or different implications of the COVID-19 pandemic and any expectations we might have with respect thereto; (2) the danger that our precise outcomes might differ from the steering we’ve offered; (3) the power to acknowledge the anticipated advantages of our previous acquisitions, which can be affected by, amongst different issues, competitors, the power of the Firm to develop and handle progress profitably, preserve relationships with prospects and suppliers and retain administration and key workers; (4) adjustments adversely affecting the enterprise through which we’re engaged; (5) adjustments in relevant legal guidelines or laws; (6) the likelihood that the Firm could also be adversely affected by different financial, enterprise, and/or aggressive components; and (7) different dangers and uncertainties indicated occasionally within the Firm’s filings with the U.S. Securities and Alternate Fee, together with these below “Danger Components” therein.

Contacts:

Media
Karlene Barron
770-314-5270
[email protected]

Investor Relations
Chase Jacobson, Vallum Advisors
512-851-1507
[email protected]

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