Sterling Construction Company, Inc. Awarded $15.8 Million Coppell, TX Project
Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or the "Company”) today announced that its Texas Sterling
Construction Co. (“TSC”) subsidiary was selected by the City of Coppell to reconstruct the Freeport Parkway in Coppell, TX. The
$15.8 million project is a 1.2 mile long stretch that adjoins Interstate 635. The major improvements consist of replacing all
exiting pavement, water and wastewater infrastructure as well as replacing the existing 300 foot bridge over Grapevine Creek. Work
on the Freeport Parkway is scheduled to begin during the spring of 2018, and is expected to take 18 months to complete.
Joe Cutillo, Sterling’s Chief Executive Officer, commented, “The reconstruction of the Freeport Parkway demonstrates the
versatility that our TSC business provides including concrete work, water infrastructure improvement, and bridge construction. In
addition, our bid was slightly under the second Bidder, which is indicative of our disciplined approach at the bid table. We are
excited to be part of a project in a growing suburb of the Dallas-Fort Worth Metroplex that will ultimately improve drainage and
sewer lines and traffic flow for motorists.”
Sterling is a construction company that specializes in heavy civil construction and residential concrete projects primarily in
Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah and other states in which there are feasible construction opportunities.
Our heavy civil construction projects include highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm
drainage systems, foundations for multi-family homes, commercial concrete projects and parking structures. Our residential
construction projects include concrete foundations for single-family homes.
This press release includes certain statements that fall within the definition of “forward-looking statements” under the Private
Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties, including overall economic
and market conditions, federal, state and local government funding, competitors’ and customers’ actions, and weather conditions,
which could cause actual results to differ materially from those anticipated, including those risks identified in the Company’s
filings with the Securities and Exchange Commission. Accordingly, such statements should be considered in light of these risks. Any
prediction by the Company is only a statement of management’s belief at the time the prediction is made. There can be no assurance
that any prediction once made will continue thereafter to reflect management’s belief, and the Company does not undertake to update
publicly its predictions or to make voluntary additional disclosures of nonpublic information, whether as a result of new
information, future events or otherwise.
Sterling Construction Company, Inc.
Jennifer Maxwell, 281-951-3560
Director of Investor Relations
or
Investor Relations Counsel:
The Equity Group Inc.
Fred Buonocore, CFA, 212-836-9607
or
Kevin Towle, 212-836-9620
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