Press release from Business Wire
Tetra Tech Joint Venture Awarded $30 Million Lamèque Wind Energy Contract
Tuesday, September 21, 2010
Tetra Tech Joint Venture Awarded $30 Million Lamèque Wind Energy Contract09:00 EDT Tuesday, September 21, 2010 PASADENA, Calif. (Business Wire) -- Tetra Tech, Inc. (NASDAQ: TTEK) announced today that its Tetra Tech Canada Construction entity is part of a joint venture with ACCIONA Infrastructures Canada Inc. that has been awarded a $30 million contract to provide turn-key construction services for the Lamèque Wind Power Project in the province of New Brunswick, Canada. Tetra Tech's client for this project is ACCIONA Energy North America. The 45-megawatt (MW) wind farm comprises thirty (30) 1.5-MW ACCIONA Windpower turbines and is expected to be commissioned in early 2011. Tetra Tech will provide construction management services for the access roads, foundations, turbine transportation and erection, electrical collection system and substation facilities, and the operations and maintenance building. About ACCIONA (www.acciona-na.com) ACCIONA Energy and ACCIONA Infrastructure are part of the ACCIONA Group, one of Spain's leading business corporations. ACCIONA operates in infrastructure, renewable energy, water treatment, and services in more than 30 countries on the five continents. Its corporate motto, “Pioneers in Sustainable Development,” reflects the Company's commitment to contributing to economic growth, social progress, and environmental balance. ACCIONA is a sector leader in the Dow Jones Sustainability Index, and posted revenues of more than €6.5 billion in 2009. The Company has a workforce of more than 30,000 and is quoted on the IBEX 35 blue chip index (ANA.MC). About Tetra Tech (www.tetratech.com) Tetra Tech is a leading provider of consulting, engineering, program management, construction, and technical services addressing the resource management and infrastructure markets. The Company supports government and commercial clients by providing innovative solutions focused on water, the environment, and energy. With more than 10,000 employees worldwide, Tetra Tech's capabilities span the entire project life cycle. Any statements made in this release that are not based on historical fact are forward-looking statements.Any forward-looking statements made in this release represent management's best judgment as to what may occur in the future.However, Tetra Tech's actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed.For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company's Form 10-K and 10-Q filings with the Securities and Exchange Commission.