Aegion Corporation Awarded $12.4 Million Contract from Metropolitan Water Reclamation District of
Greater Chicago
Aegion Corporation (“Aegion” or the “Company”) (Nasdaq Global Select Market: AEGN) today announced that the Metropolitan Water
Reclamation District of Greater Chicago has awarded a $12.4 million contract to its Infrastructure Solutions platform for the
rehabilitation of wastewater pipelines in the Village of Tinley Park, the Village of Oak Forest, Cook County Forest Reserve and
unincorporated Cook County.
Insituform® cured-in-place pipe (CIPP) will be installed to rehabilitate approximately 14,000 feet of 60-inch wastewater
pipelines. Installation is expected to begin in late 2016 with completion slated by the end of the first quarter of 2018.
Frank Firsching, Aegion’s Infrastructure Solutions President, said, “Our Company has more experience designing, manufacturing
and installing CIPP than anyone and we are committed to complete this project safely. We will work with the Metropolitan Water
Reclamation District of Greater Chicago to ensure that these communities experience minimal disruption throughout the installation.
Upon completion, the hydraulic and structural integrity of these pipelines will be restored, inflow and infiltration will be
reduced and the rehabilitated pipelines will provide service to this community for decades to come.”
About Aegion Corporation
Aegion Corporation is a global leader in infrastructure protection and maintenance, providing proprietary technologies and
services: (i) to protect against the corrosion of industrial pipelines; (ii) to rehabilitate and strengthen water, wastewater,
energy and mining piping systems and buildings, bridges, tunnels and waterfront structures; and (iii) to utilize integrated
professional services in engineering, procurement, construction, maintenance and turnaround services for a broad range of energy
related industries. More information about Aegion can be found on our internet site at www.aegion.com.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. The Company makes
forward-looking statements in this news release that represent the Company’s beliefs or expectations about future events or
financial performance. These forward-looking statements are based on information currently available to the Company and on
management’s beliefs, assumptions, estimates or projections and are not guarantees of future events or results. When used in this
document, the words “anticipate,” “estimate,” “believe,” “plan,” “intend,” “may,” “will” and similar expressions are intended to
identify forward-looking statements, but are not the exclusive means of identifying such statements. Such statements are subject to
known and unknown risks, uncertainties and assumptions, including those referred to in the “Risk Factors” section of the Company’s
Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the Securities and Exchange Commission on February
29, 2016, and in the Company’s subsequent quarterly reports on Form 10-Q. In light of these risks, uncertainties and assumptions,
the forward-looking events may not occur. In addition, the Company’s actual results may vary materially from those anticipated,
estimated, suggested or projected. Except as required by law, the Company does not assume a duty to update forward-looking
statements, whether as a result of new information, future events or otherwise. Investors should, however, review additional
disclosures made by the Company from time to time in its filings with the Securities and Exchange Commission. Please use caution
and do not place reliance on forward-looking statements. All forward looking-statements made by the Company in this news release
are qualified by these cautionary statements.
Aegion® and Insituform® are the registered trademarks of Aegion Corporation and its
affiliates.
(AEGN-GEN)
Aegion Corporation
David F. Morris, 636-530-8000
Executive Vice President and Chief Administrative Officer
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