CEMATRIX Corporation
TSX VENTURE : CVX

CEMATRIX Corporation

September 14, 2016 12:59 ET

CEMATRIX Corporation Secures $2.5 Million in New Contracts

CALGARY, ALBERTA--(Marketwired - Sept. 14, 2016) - 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 secured $2.5 million in additional contracts, bringing total contracts announced this year to $13.8 million.

"The majority of new contracts continue to be from robust infrastructure markets from across Canada," stated Mr. Kendrick, President and CEO of CEMATRIX. Our sales pipeline, being projects on which we have been asked to submit bids, has reached a record high in excess of $150 million. Over 90% is focused on infrastructure projects.

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations. This unique cement based material with superior thermal protection delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.

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.

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 August 3, 2016 under CEMATRIX's profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

Contact Information

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

    Jeff Walker
    The Howard Group
    Investor Relations
    (888) 221-0915 or (403) 221-0915
    jeff@howardgroupinc.com