CEMATRIX Corporation

April 16, 2012 09:15 ET

CEMATRIX Corporation Announces Over $2 Million of New Contracts

CALGARY, ALBERTA--(Marketwire - April 16, 2012) - CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation" or the "Company" or "CEMATRIX") is pleased to announce that its wholly owned subsidiary, CEMATRIX (Canada) Inc. has received new orders for infrastructure applications in the amount of $2.1 million, bringing this year's total contracted work to date to $5.4 million. These new contracts include one grouting project in Saskatchewan and one tunnel grouting project in Ontario. All contracted sales are scheduled for completion in 2012.

"CEMATRIX continues to gain traction across Canada and the United States within the infrastructure market," stated Jeff Kendrick, CEMATRIX President and CEO. Cellular concrete is becoming more widely accepted for use in multiple applications as the CEMATRIX team pushes to get its unique solutions in front of key engineers, at the basic planning stages of various projects. Infrastructure projects include tunnel grouting, bridge abutment and retaining wall backfill, insulation of shallow utilities roads and runways; and as a floating base over weak and unstable or seismic prone soils, for roads and other types of infrastructure.

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets, including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution for various construction applications.

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", expect", "would' or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries' future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX's beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX's Management Discussion and Analysis dated March 15, 2012 under CEMATRIX's profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • CEMATRIX Corporation
    Jeff Kendrick
    President and Chief Executive Officer
    (403) 219-0484

    The Howard Group
    Jeff Walker
    Investor Relations
    (888) 221-0915 or (403) 221-0915