Press release from Marketwire
ATCO Structures & Logistics Partnering With Denesoline Corporation in NWT
Will work together on pursuing projects within traditional lands in Canada's North
Wednesday, May 01, 2013
ATCO Structures & Logistics Partnering With Denesoline Corporation in NWT15:05 EDT Wednesday, May 01, 2013
YELLOWKNIFE, NORTHWEST TERRITORIES--(Marketwired - May 1, 2013) - ATCO Structures & Logistics announced today that it has signed a Memorandum of Understanding (MOU) with the Denesoline Corporation, the economic development arm of the Lutsel K'e Dene First Nation, located on the south shore of Great Slave Lake in NWT. ATCO and the Denesoline Corporation have agreed to jointly pursue commercial and industrial projects including infrastructure construction within the traditional territory of the First Nation.
"We look forward to working with the Denesoline Corporation on several projects in their traditional territory, including the Gahcho Kué," said Harry Wilmot, President & Chief Operating Officer, ATCO Structures & Logistics. "We are confident that this MOU is the beginning of a long and mutually successful partnership that will allow ATCO to bring its expertise in commercial modular construction and site services to the region and contribute to economic growth and capacity building. This agreement builds on ATCO's successful track record for developing northern partnerships across multiple business lines including power generation, electric transmission and pipeline projects."
The Denesoline Corporation manages for-profit businesses and works to create economic benefits for the Lutsel K'e Dene First Nation through joint venture partnerships, investment in private operating companies and by providing employment opportunities for local residents. By partnering with ATCO, Denesoline will be able to further its strategic goal of increasing the employability of community members.
"Resource development activity in the Northwest Territories must benefit the First Nations people and together with ATCO we have an opportunity to pursue these projects in a way that will benefit the Lutsel K'e Dene First Nation," said Roy Shields, Chief Executive Officer of the Denesoline Corporation.
ATCO Structures & Logistics offers modular buildings, site services and industrial noise control solutions worldwide. With manufacturing facilities in North America, South America and Australia, and operations on six continents, the company has the expertise to deliver a rapid, turnkey solution anywhere it is needed. To learn more, visit www.atcosl.com.
ATCO Structures & Logistics is part of the ATCO Group of Companies. ATCO Group, with more than 9,400 employees and assets of approximately $14 billion, delivers service excellence and innovative business solutions worldwide with leading companies engaged in structures & logistics (manufacturing, logistics and noise abatement), utilities (pipelines, natural gas and electricity transmission and distribution), energy (power generation, natural gas gathering, processing, storage and liquids extraction) and technologies (business systems solutions). More information can be found on www.atco.com.
Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "plan", "expect", "may", "will", "intend", "should", and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes that the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.
The Corporation's actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Corporation operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Corporation.
The forward-looking statements contained in this news release represent the Corporation's expectations as of the date hereof, and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
FOR FURTHER INFORMATION PLEASE CONTACT:
ATCO Structures & Logistics
Senior Advisor, External Communications
403 292-7769 or Mobile: 403 826-0961