CEMATRIX Announces $9.7 Million in New Contracts
2024年7月10日 - 9:30PM
CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF)
("
CEMATRIX" or the "
Company"), a
North American leading manufacturer and supplier of technologically
advanced cellular concrete products, today announced that it has
executed $9.7 million in new contracts since the company’s last
announcement. Factoring in the $9.7 million, the year-to-date total
in contracts executed is $35.8 million.
“The $9.7 million of new contracts are composed
of various projects across North America, one of which is a $6.5
million tunnel grouting project that is scheduled for completion in
2025. The additional $3.2 million in new contracts are mainly
scheduled to be completed in 2024,” stated Jeff Kendrick, CEMATRIX
President and CEO. “With the addition of these new contracts our
current backlog now stands at $84.1 million.”
The Corporation’s Backlog is defined as
Contracted plus Contracts in Process net of sales completed to
date. Contracts in Process are defined as projects where the
related contract is in office for review or signature; or signed
and returned to the client for their signature; or is in the post
award project submission process; or is awarded by letter of
intent; or is awarded by some other form of written
communication.
ABOUT CEMATRIX
CEMATRIX is a rapidly growing company that
manufactures and supplies technologically advanced cellular
concrete products developed from proprietary formulations across
North America. This unique cement-based material with superior
thermal protection delivers cost-effective, innovative solutions to
a broad range of problems facing the infrastructure, industrial,
energy and commercial markets. The Company’s wholly owned operating
subsidiaries include CEMATRIX (Canada) Inc. (“CCI”), Chicago based
MixOnSite USA Inc. (“MOS”) and Bellingham based Pacific
International Grout Company (“PIGCO’). This has made CEMATRIX a
true leader in North America’s growing Cellular Concrete market.
For more information, please visit our website at
www.cematrix.com.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING
STATEMENTS
This news release contains forward-looking
statements and forward-looking information (together,
"forward-looking statements") within the meaning of applicable
securities laws. All statements, other than statements of
historical facts, are forward-looking statements. Generally,
forward-looking statements can be identified by the use of
terminology such as "plans", "expects", "estimates", "intends",
"anticipates", "believes" or variations of such words, or
statements that certain actions, events or results "may", "could",
"would", "might", "will be taken", "occur" or "be achieved". The
forward-looking statements contained in this news release are based
on certain key expectations and assumptions made by the Company,
including satisfaction of regulatory requirements in various
jurisdictions and the Company’s anticipated use of the net proceeds
of the Offering. Forward looking statements involve risks,
uncertainties and other factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's filings with Canadian
securities regulators, which could cause actual results,
performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Although the Company believes that the
assumptions and factors used in preparing these forward-looking
statements are reasonable based upon the information currently
available to management as of the date hereof, actual results and
developments may differ materially from those contemplated by these
statements. Readers are therefore cautioned not to place undue
reliance on these statements, which only apply as of the date of
this news release, and no assurance can be given that such events
will occur in the disclosed times frames or at all. Except where
required by applicable law, the Company disclaims any intention or
obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or
otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For further information, please
contact:Jeff Kendrick - President and Chief Executive
Officer Phone: (403) 219-0484
Glen Akselrod – President, Bristol CapitalPhone: (905) 326 1888
ext 1glen@bristolir.com
Jeff Walker, The Howard Group – Investor
RelationsPhone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com
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