CALGARY, AB--(Marketwired - August 18, 2014) - Gemini Corporation (TSX VENTURE: GKX) has executed a multi-year Master Services Agreement ("MSA") for fabrication and module assembly with one of Canada's largest integrated energy companies.
Gemini intends to utilize its expanded Alberta fabrication facility to service the pipe, process and equipment module requirements of this new client's thermal energy projects. The multi-year MSA represents a foundational backlog opportunity for Gemini to not only take advantage of its expanded fabrication capacity, but also sets the stage to increase its service offering to the client.
"This multi-year agreement is of significant benefit to both organizations," said Doug Lautermilch, President and CEO of Gemini Corporation. "This agreement enables Gemini to provide the client with additional capacity and improved cost-efficiency. It also helps to confirm Gemini as a service provider of choice within the competitive energy services industry."
About Gemini Corporation
Gemini Corporation is a professional services firm that designs, builds and maintains energy and industrial facilities. Founded in 1982, Gemini combines its engineering and field service capabilities to increase project efficiency and provide a single point of accountability. The Corporation's principal target markets are in-situ heavy oil, midstream, oil and gas production, and oil and gas processing facilities.
Shares of Gemini trade on the TSX Venture Exchange under the symbol "GKX". For more information about the Corporation and its services, go to www.geminicorp.ca.
This news release may contain forward looking information that represents Gemini's internal projections, expectations, estimates or beliefs concerning, among other things, future operating results and various components thereof or Gemini's future economic performance. All statements other than the statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expects", "projects", "plans", "anticipates", and similar expressions. The projections, estimates and beliefs contained in such forward-looking statements are based on management's assumptions relating to Gemini's performance and competition within the sectors in which it competes, the continuation of the current regulatory and tax regimes in the jurisdictions in which Gemini operates, and necessarily involve known and unknown risks and uncertainties, including risks and assumptions relating to client service demand, field service costs, labour rates, and other factors that may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted or suggested. The Corporation does not undertake to update any forward-looking information in this document whether as to new information, future events or otherwise.
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