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ATCO Ltd.
ATCO Structures & Logistics Ltd.

ATCO Structures & Logistics Ltd.

December 21, 2011 09:00 ET

ATCO Signs Joint-Venture Agreement With St. Mary's Band

Partnership will develop natural resource projects and infrastructure in Kootenay Region of B.C.

CRANBROOK, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2011) - ATCO Structures & Logistics has signed a joint-venture agreement with Aq'am (pronounced Ak-am) Community Enterprises to create economic opportunities related to camp construction projects, workforce housing, capital infrastructure development, and urban infrastructure. Aq'am Community Enterprises is a development corporation wholly owned by the St. Mary's Band in southeastern B.C.

"ATCO's partnership with Aq'am Community Enterprises and the St. Mary's Band will provide the foundation for many long-term, successful projects," said Harry Wilmot, President & Chief Operating Officer, ATCO Structures & Logistics. "Together we intend to create business and employment opportunities that will have a positive impact on the St. Mary's community and its people."

St. Mary's Band, also known as the Aq'am Community, is a member of the Ktunaxa Nation Council of the Kootenay District. Located northeast of Cranbrook, the region is rich in natural resources.

"This strategic business relationship with ATCO was formed to increase our community's ability to both compete in the marketplace and increase our capacity in both infrastructure and skills development," said Cheryl Casimer, Chief of the St. Mary's Band. "ATCO's track record in working with First Nations was a natural fit for us as a community looking to increase internal capacity and gain access to the various natural resource opportunities within the region."

Since 1981, ATCO has been collaborating with Aboriginal communities throughout Canada and Alaska. These relationships are based on a foundation of trust, respect, and equality.

ATCO Structures & Logistics offers modular buildings, site services, and industrial noise control worldwide. With manufacturing facilities in North America, South America and Australia, and operations on five continents, the company has the expertise to deliver a rapid, turnkey solution anywhere it is needed. To learn more visit www.atcosl.com.

ATCO Structures & Logistics is part of the ATCO Group of Companies. ATCO Group, with more than 8,000 employees and assets of approximately $12 billion, delivers service excellence and innovative business solutions worldwide with leading companies engaged in Utilities (pipelines, natural gas and electricity transmission and distribution), Energy (power generation, natural gas gathering, processing, storage and liquids extraction), Structures & Logistics (manufacturing, logistics and noise abatement) and Technologies (business systems solutions). More information can be found at www.atco.com.

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Corporation believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Corporation's expectations as of the date hereof, and is subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

Contact Information

  • ATCO Structures & Logistics
    Cole Crook
    Senior Manager, Business Development, Aboriginal
    (403) 813-1951
    www.atco.com

    St. Mary's Band
    Becky Pelkonen
    Director, Community & Economic Development
    bpelkonen@aqam.net