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Aegion Wins $12.4 Million Contract from Met Water Reclamation of Greater Chicago

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Aegion Corporation (“Aegion” or the “Company”) (Nasdaq Global Select Market: AEGN) today announced that the Metropolitan Water Reclamation District of Greater Chicago has awarded a $12.4 million contract to its Infrastructure Solutions platform for the rehabilitation of wastewater pipelines in the Village of Tinley Park, the Village of Oak Forest, Cook County Forest Reserve and unincorporated Cook County.

Insituform® cured-in-place pipe (CIPP) will be installed to rehabilitate approximately 14,000 feet of 60-inch wastewater pipelines. Installation is expected to begin in late 2016 with completion slated by the end of the first quarter of 2018.

Frank Firsching, Aegion’s Infrastructure Solutions President, said, “Our Company has more experience designing, manufacturing and installing CIPP than anyone and we are committed to complete this project safely. We will work with the Metropolitan Water Reclamation District of Greater Chicago to ensure that these communities experience minimal disruption throughout the installation. Upon completion, the hydraulic and structural integrity of these pipelines will be restored, inflow and infiltration will be reduced and the rehabilitated pipelines will provide service to this community for decades to come.”

About Aegion Corporation

Aegion Corporation is a global leader in infrastructure protection and maintenance, providing proprietary technologies and services: (i) to protect against the corrosion of industrial pipelines; (ii) to rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures; and (iii) to utilize integrated professional services in engineering, procurement, construction, maintenance and turnaround services for a broad range of energy related industries. More information about Aegion can be found on our internet site at www.aegion.com.

Original article posted on: Businesswire.com

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