TRC Companies, Inc. (NYSE: TRR) today announced that it received a Project Merit Award from the Environmental Business Journal (EBJ) in the clean energy category. The award recognizes TRC’s work on the switchyard reliability upgrade at Seabrook Nuclear Power Station in New Hampshire and was presented to the Company on March 3, 2010 at an awards ceremony held in conjunction with EBJ’s annual Environmental Industry Summit. “TRC is proud to be recognized by the EBJ for our work on the reliability upgrade project at Seabrook Station,” said Chris Vincze, Chairman and CEO of TRC. “This award acknowledges the importance of clean, reliable energy sources to a society concerned for the environment and confronted by rising energy demands and tightening supplies. Our experts remain dedicated to providing creative solutions that help our clients meet some of the biggest challenges facing the energy industry today.” To ensure the continued reliability of the Seabrook Nuclear Power Station and the resources it produces, TRC is providing field and project management services, including engineering design and planning, construction management, commissioning and quality assurance related to the integration of a gas insulated substation (GIS). The project is located inside the Protected Area of Seabrook Station, which presents unique challenges to work planning, construction sequencing, management of materials and labor, integration with station design, and work control processes. The GIS is enclosed inside an elevated steel structure, which was recently constructed directly over the existing equipment. Construction of the enclosure and new switchgear was completed without interruption to the plant, which successfully completed a record 511 days of continuous operation on October 1, 2009. Phase I was completed in the fall of 2009. When all phases are complete, the upgrade project will have improved the reliability of five key transmission elements interconnected at Seabrook Station, to include three transmission lines, one generator step-up (GSU) transformer, and a reserve auxiliary transformer.
About TRCTRC creates and implements sophisticated and innovative solutions to the challenges facing America's environmental, energy and infrastructure markets. The Company also is a leading provider of technical, financial, risk management, and construction services to commercial and government customers across the country. For more information, visit TRC's website at www.TRCsolutions.com. Forward-Looking Statements Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. You should consider statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial condition, or state other "forward-looking" information. We believe that it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to accurately predict or control and that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the availability and adequacy of insurance; the uncertainty of our operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments, including potential payments related to our ongoing IRS audit, if not resolved successfully; regulatory uncertainty; the availability of funding for government projects; the level of demand for our services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See additional discussion in our Annual Report on Form 10-K for the fiscal year ended June 30, 2009, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in our other filings with the Securities and Exchange Commission.