Calgary, Alberta, April 6, 2022 (GLOBE NEWSWIRE) — CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) (“CEMATRIX” or “society“) Leading manufacturers and suppliers of cellular concrete products in North America are CEMATRIX (Canada) Inc. (“CCI “), MixOnSite USA Inc. (“MOS”), announced a wholly owned operating subsidiary, including Pacific International Grout. The company (“PIGCO”) has signed a new $ 4.1 million contract, none of which was previously characterized as an ongoing contract.
Taking into account these $ 4.1 million new contracts, converted contracts, and sales completed so far, Corporation’s backlog now totals $ 82.1 million. Of Kosha’s unprocessed portion, $ 20.9 million has been contracted and $ 61.2 million is in process.
“These new deals primarily represent new projects of various sizes under $ 1 million, all expected to be completed later this year,” said Jeff Kendrick, President and CEO of CEMATRIX. I am. “These new projects are infrastructure related and are located across the United States and Canada. As expected, bidding for infrastructure and tunnel projects across North America remains strong and recent supply chain issues. Even so, customers continue to inform us that there is no further delay in COVID. “
Kosha’s backlog is defined as a contract that has been contracted and is being processed after deducting sales that have been completed so far. A contract in process is defined as a project in which the associated contract is in the office for review or signing. Or sign and return it to the client for signing. Or you can go to the project submission process after the award. Alternatively, it will be awarded by a statement of intent. Alternatively, it can be awarded by other forms of written communication.
CEMATRIX is a fast-growing, cash-flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from unique formulations throughout North America. With excellent thermal protection, this unique cement-based material provides a cost-effective and innovative solution to a wide range of problems facing infrastructure, industry (including oil and gas), and the commercial market. To do. With the recent acquisition of Chicago-based MixOnSite and Bellingham-based Pacific International Grout, CEMATRIX is now the largest cellular concrete company in North America. For more information, please visit our website at www.cematrix.com.
Precautions regarding forward-looking statements
This news release contains forward-looking statements and forward-looking information (collectively, “Forecast Statements”) within the meaning of applicable securities laws. All statements except historical facts are forward-looking statements. In general, forward-looking statements are terms such as “plan,” “expect,” “estimate,” “intend,” “expect,” “believe,” or variations of such terms. Or you can identify it using a description that describes a particular behavior. , Event or result is “possible”, “possible”, “possible”, “possible”, “acquired”, “occurs”, or “achieved” “. The forward-looking statements contained in this news release are based on certain key expectations and assumptions we have made, such as the fulfillment of regulatory requirements in various jurisdictions and our expected use of the net income of the offering. increase. Forward-looking statements include risks, uncertainties, and other factors disclosed elsewhere under the heading “Risk Factors” and our filings with Canadian securities regulators. A description of the future outlook.
We believe that the assumptions and factors used in making these forward-looking statements are reasonable based on the information currently available to management as of today, but the actual results. And progress may differ materially from those envisioned in these statements. Therefore, readers should be careful not to place undue reliance on these statements, which apply only as of the date of this news release. There is no guarantee that such an event will occur within or at all within the disclosed time frame. Except as required by applicable law, we disclaim any intention or obligation to update or revise any forward-looking statement as a result of new information, future events, etc.
Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.
For more information, please contact:
Jeff Kendrick – President and Chief Executive Officer
Phone number: (403) 219-0484
Glen Accelerator Rod-President of Bristol Capital
Phone: (905) 3261888 Extension 1
Howard Group, Jeff Walker – For Investors
Phone: (888) 221-0915 or (403) 221-0915
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CEMATRIX Announces $ 4.1 Million New Contract, Canadian Business Journal
Source link CEMATRIX Announces $ 4.1 Million New Contract, Canadian Business Journal