LOWELL, MA--(Marketwire - September 28, 2010) - TRC Companies, Inc. (
TRC's relationship with TMLP began with a contract to assess the environmental and building conditions of the decommissioned West Water Street generating plant. When asbestos and hazardous waste was verified within the facility, TRC was retained to design the asbestos abatement process. The success of the abatement has led the Massachusetts Department of Environmental Protection (DEP) -- who once referred to the condition of the building as a significant challenge -- to showcase it as a model of an excellent abatement project for its own trainees.
"TRC is proud to serve as a trusted advisor to Taunton Municipal Lighting Plant," said Chris Vincze, TRC's Chairman and Chief Executive Officer. "As a company, we are committed to delivering results our clients can rely on. Through creativity, dedication and expertise, TRC developed a comprehensive and reliable plan with TMLP to convert an environmental and financial liability into an asset for Taunton Municipal Lighting Plant going forward."
"We are strongly committed to our remediation efforts on West Water Street," said Michael Horrigan, TMLP General Manager. "Given TRC's capabilities and our great working relationship with the DEP, this abatement project will be handled in an environmentally-responsible manner and will leave the property in sound standing when the project is complete."
As a result of TMLP's cleanup and closure project, a subsurface contamination threat has been averted and asbestos and other industrial contamination hazards have been eliminated.
The TMLP project is now in the demolition phase and will soon move into the site remediation phase. TRC continues to support TMLP by preparing deconstruction specifications, providing remedial designs, evaluating building renovation costs for remaining structures, leading the remediation oversight, and providing demolition waste management and site closure services.
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, visit TRC's website at www.TRCsolutions.com.
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 availability and adequacy of insurance; the uncertainty of our operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments, including potential payments related to TRC's ongoing IRS audit, if not resolved successfully; 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; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See additional discussion in TRC's Annual Report on Form 10-K for the fiscal year ended June 30, 2010, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in the Company's other filings with the Securities and Exchange Commission.
Contact Information:
Company Contacts:
Angela Cincotta
(978) 656-3594
acincotta@trcsolutions.com
Catherine Stanley
(978) 656-3538
cstanley@trcsolutions.com
Project Manager
Thomas Nunno
(978) 656 -3635
tnunno@trcsolutions.com
Investor Contact:
Sharon Merrill Associates
(617) 542-5300
trr@investorrelations.com