SOURCE: TRC Companies, Inc.

TRC Companies, Inc.

November 13, 2014 09:00 ET

Orange County Transportation Authority Awards TRC Two Highway Projects

Company to Design Improvement Plans for I-5 and SR 91 in San Diego

LOWELL, MA--(Marketwired - Nov 13, 2014) - TRC Companies, Inc. (NYSE: TRR) has been awarded two contracts for a combined total of $8.5 million in highway improvement projects for the Orange County Transportation Authority (OCTA). Work on the projects will be ongoing over the next three years.

TRC has been selected to prepare plans, specifications and estimates (PS&E) to renovate the Santa Ana Freeway (I-5) stretching from Alicia Parkway to North of El Toro Road in Orange County. It is a Measure M-funded project that will ease traffic congestion by adding a general-purpose lane and extending an existing high-occupancy vehicle travel lane. The results are estimated to have far-reaching effects into other cities within Southern California including Mission Viejo, Laguna Hills, Lake Forest and Laguna Woods.

OCTA also awarded a contract to TRC for a PS&E for rehabilitating the 91 Express Lanes on the Riverside Freeway (SR-91). Located in northern Orange County, the Riverside Freeway is one of the region's most vital, and also most congested, highways in this important commuter and commercial transportation corridor. The project will remove and replace roadway pavement in order to improve safety and maintain ride quality.

"TRC is proud to work on these important transportation projects for the Orange County Transportation Authority," said Chris Vincze, Chairman and Chief Executive Officer. "The modernization and improvement of our nation's aging infrastructure ensures efficient and safe travel for motorists and is essential for the steady flow of commerce."

TRC has successfully delivered three major OCTA projects over the past five years. TRC was awarded the 405/605 West County Connector PS&E, which is one of the largest construction contracts awarded by OCTA, and the construction is scheduled to be completed by the end of this year. In addition, TRC has been selected to design I-5 HOV Improvement project, which is under construction. The construction will be completed in 2017.

About TRC
A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, consulting and construction management firm that provides integrated services to the energy, environmental and infrastructure markets. TRC serves a broad range of clients in government and industry, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information and updates from the Company, visit TRC's website at www.TRCsolutions.com and follow TRC on Twitter and StockTwits at @TRC_Companies and on LinkedIn.

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 TRC's future expectations, contain projections of the Company's future results of operations or of its financial condition, or state other "forward-looking" information. TRC believes that it is important to communicate its future expectations to its investors. However, there may be events in the future that the Company is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its 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 uncertainty of TRC's operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments; regulatory uncertainty; the availability of funding for government projects; the level of demand for TRC's services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; the availability and adequacy of insurance; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See the risk factors and additional discussion in TRC's Annual Report on Form 10-K for the fiscal year ended June 30, 2014, and other factors included from time to time in the Company's other subsequent filings with the Securities and Exchange Commission.

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