Aegion Corporation Awarded $8 Million Contract for Large-Diameter Wastewater Rehabilitation Work in Texas

ST. LOUIS, Aug. 17, 2020 (GLOBE NEWSWIRE) — Aegion Corporation (NASDAQ:AEGN) today announced that its subsidiary, Insituform Technologies, LLC, has been awarded a wastewater rehabilitation contract valued at $8 million in Southwest Texas.

Insituform will rehabilitate more than 12,000 linear feet of existing sanitary sewer main utilizing trenchless technology, including 24-inch to 60-inch cured-in-place pipe (CIPP). The “no-dig” rehabilitation method reduces overall project costs and minimizes disruptions to residents. Crews will also perform bypass pumping, miscellaneous point repairs and associated manhole improvements.

Charles R. Gordon, Aegion’s President and CEO, said, “We continue to be pleased with the strength of the bid table this year as the need for ongoing investment to repair aging wastewater pipelines remains critical. This is one of the larger projects Aegion has won in the region in recent years, and we look forward to completing the work safely using our industry-leading trenchless technologies.”

The project is expected to begin this fall and conclude by the end of 2021.

About Aegion Corporation (NASDAQ: AEGN)
Aegion combines innovative technologies with market-leading expertise to maintain, rehabilitate and strengthen infrastructure around the world. Since 1971, the Company has played a pioneering role in finding transformational solutions to rehabilitate aging infrastructure, primarily pipelines in the wastewater, water, energy, mining and refining industries. Aegion also maintains the efficient operation of refineries and other industrial facilities. Aegion is committed to Stronger. Safer. Infrastructure^®.