Furmanite Corporation Announces Two Contracts
Furmanite Corporation (NYSE: FRM) today announced that its subsidiary, Furmanite America, Inc., has successfully signed two Multi-Site Agreements for its services throughout North America.
In one of these contracts, Furmanite will provide services for routine maintenance, turnarounds or shutdowns and capital construction activities for fourteen refineries and a network of terminals and distribution facilities throughout the US, Aruba and Eastern Canada. The Fortune 500 Company conducts refining operations, wholesale marketing, product supply and distribution and pipeline transportation operations.
Furmanite will also become the primary provider of maintenance services to sixty-seven US-based chemical and petrochemical plants owned and operated by a global producer of industrial and specialty chemicals. This prominent chemical producer is a member of the Dow Jones and the S&P index.
Joseph E. Milliron, president and chief operating officer of Furmanite Corporation, said: “Our commitment to our customers has made it possible to align our solutions with these two major companies. Furmanite is well-positioned to handle the needs of clients who are aligning with companies to reduce costs in this tight economic environment.”ABOUT FURMANITE CORPORATION Furmanite Corporation (NYSE: FRM) is a worldwide technical services firm. Headquartered in Dallas, Texas, Furmanite, one of the world’s largest specialty technical services companies, delivers a broad portfolio of engineering solutions that keep facilities operating, minimizing downtime and maximizing profitability. Furmanite’s diverse, global operations serve a broad array of industry sectors, including offshore drilling operations, pipelines, refineries and power generation facilities, chemical and petrochemical plants, steel mills, automotive manufacturers, pulp and paper mills, food and beverage processing plants, semi-conductor manufacturers and pharmaceutical manufacturers. Furmanite operates more than 75 offices on six continents. For more information, visit www.furmanite.com. Certain of the Company’s statements in this press release are not purely historical, and as such are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management’s intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in the Company’s business, and other risks and uncertainties detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission. One or more of these factors have affected, and could in the future affect the Company’s business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this document will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and the Company assumes no obligation to update any forward-looking statements.
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