Aegion Corporation (“Aegion” or the “Company”) (Nasdaq Global Select Market: AEGN) today announced that its subsidiary, Insituform Technologies, LLC (“Insituform”), has been awarded three contracts with a total value of $30.4 million from the City of Baltimore, Maryland for the installation of over 50 miles of Insituform
cured-in-place pipe (CIPP) in small- to medium-diameter pipelines throughout the City.
The project includes the installation of CIPP as well as point repairs and manhole rehabilitation. Insituform expects to begin working on these projects in the first quarter of 2013 with project completion in 18 to 24 months.
Jeff Kowal, Vice President and General Manager of Insituform’s East Region, said, “In compliance with an Environmental Protection Agency (“EPA”) consent decree, the City of Baltimore is undergoing extensive rehabilitation of its network of wastewater pipelines. We applaud the City on its proactive approach and are pleased to be awarded these significant projects, continuing our relationship with the City. Our experienced project management and operations teams will be focused on exceeding the demands of these projects across a range of pipeline diameters.”
Over the last two years, the City of Baltimore has conducted extensive closed circuit TV inspections and flow monitoring testing to determine the scope of future projects to be completed by 2016. In order to comply with the EPA consent decree, it is anticipated the City will begin multiple new projects over the next few years, ranging from $5 million to $15 million each. These projects will include CIPP installation and other pipeline related infrastructure improvements.
Insituform will work with minority contractors who have been certified by the City of Baltimore in compliance with the requirements of the contracts. Insituform has extensive experience helping municipalities comply with consent decree mandates through its high quality rehabilitation methods.
About Aegion Corporation
Aegion Corporation is a global leader in infrastructure protection, providing proprietary technologies and services to protect against the corrosion of industrial pipelines and for the rehabilitation and strengthening of sewer, water, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures. More information about Aegion can be found on its internet site at
About Insituform Technologies, LLC
For over forty years, Insituform Technologies, LLC, a subsidiary of Aegion Corporation, has been a global leader in the development and installation of proprietary technologies and services for rehabilitating sewer, water and other underground piping systems without digging or disruption. More information about Insituform Technologies can be found on its Internet site at
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