CEMATRIX Corp. (
TSX: V.CVX) said that its wholly owned subsidiary, CEMATRIX (Canada) Inc. has received signed orders for oil sands and infrastructure projects in the amount of $1.2 million in aggregate.
According to the
CEMATRIX press release, this brings this year's total contracted work to $6.2 million, all of which is scheduled for completion in 2013.
"A significant portion of these contracts are infrastructure in nature and from a number of regions throughout Canada and the United States, which highlights the continued acceptance for the company's cellular concrete for various types of infrastructure applications," said Jeff Kendrick, President and CEO.
Cellular concrete provides a cost and labour saving solution for various construction applications.
CEMATRIX is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets, including oil and gas construction and infrastructure construction.
On Monday, CEMATRIX was trading at $0.09 a share. The company had a market cap of $3.0 million, based on 33.5 million shares outstanding.