RCM Technologies, Inc.

February 02, 2006 10:44 ET

RCM Technologies, Inc. and E.S. Fox Ltd. Awarded Major Contract from Bruce Power in Support of 'Bruce A' Nuclear Restart

PENNSAUKEN, N.J.--(CCNMatthews - Feb 2, 2006) -

RCM Technologies, Inc. (NNM:RCMT), a premier provider of business and technology solutions, is pleased to announce the award of a major multi-year engineering, procurement and construction services contract from Bruce Power A L.P. (BPLP) of Ontario, Canada.

RCM Technologies Canada Corp., a subsidiary of RCM Technologies, Inc., in joint venture with E.S. Fox Ltd. of Niagara Falls, Canada will be responsible for the execution of the contract in the amount of $71 million (CDN) which is part of a major restart program of Bruce Nuclear Generating Station A (Bruce A) Units 1 and 2. The RCM-E.S. Fox team will provide engineering analysis, design and field modifications to ensure components that are critical to safety will function properly in the event of adverse environmental conditions.

Leon Kopyt, Chairman and CEO of RCM, commented: "We are pleased to have been selected by BPLP to participate in one of the largest engineering projects in Ontario's history. Restarting Units 1 and 2 will significantly contribute towards increasing nuclear power generation, enhancing local employment opportunities and providing Ontario with much needed electric power to meet its growing energy demand. RCM Technologies is delighted and proud to be a part of this important project and is pleased to support BPLP in accomplishing a successful restart."

BPLP has selected RCM and E.S. Fox, along with several other contractors, to participate in the restart project which is part of a $4.25 billion (CDN) investment program at the Bruce A nuclear generating station.

About RCM

RCM Technologies Canada Corp. is a subsidiary of RCM Technologies, Inc. (NASDAQ:RCMT). RCM is a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced information technology and engineering services. RCM is an innovative leader in the design, development and delivery of these solutions to commercial and government sectors. RCM's offices are located in major metropolitan centers throughout North America. Additional information can be found at www.rcmt.com.

About E.S. Fox Ltd.

Established in 1934, E. S. Fox Ltd. Is a privately owned Canadian multi-trade company providing a single source for industrial construction and fabrication requirements. The strength of the Company stems from the vast experience of its people, the integration of a variety of skilled trades, and its dedication to total control of construction through computerized planning and monitoring techniques. E.S. Fox Ltd. is a multi-faceted organization providing clients with a single source for a broad spectrum of their construction, fabrication and engineering requirements. The Company is unique in that it is not only an industry leader in construction and engineering, but is one of the country's major sheet metal, vessel, module and pipe fabricators, and has proven quality standards including ISO 9001. Additional information can be found at www.esfox.com.

About Bruce Power

Bruce Power is the largest independent electricity generator in Ontario. In 2005, Bruce Power A Limited Partnership (BALP) was formed to manage the operations of the Bruce A generating station, including the restart of Units 1 and 2. BALP is a partnership among TransCanada Corporation, BPC Generation Infrastructure Trust, the Power Workers' Union and The Society of Energy Professionals.

The Statements contained in this release that are not purely historical are forward-looking statements within the Private Securities Litigation Reform Act of 1995 and are subject to various risks, uncertainties and other factors that could cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements include, but are not limited to, those relating to demand for the Company's services, expected demand for our services and expectations regarding our revenues, the Company's ability to continue to utilize goodwill, to continue to increase gross margins, to achieve and manage growth, to develop and market new applications and services, risks relating to the acquisition and integration of acquired businesses, demand for new services and applications, timing of demand for services, industry strength and competition and general economic factors. Investors are directed to consider such risks, uncertainties and other factors described in documents filed by the Company with the Securities and Exchange Commission.

Contact Information

  • RCM Technologies, Inc., Pennsauken
    Leon Kopyt, 856-486-1777, Ext. 100
    Rocco Campanelli, 516-484-2010, Ext. 122