SOURCE: TRC Companies, Inc.

TRC Companies, Inc.

February 23, 2016 09:00 ET

TRC Selected by PennDOT to Provide Construction Inspection Services Statewide

Company Will Support Critical Upgrades to Aging Roads and Bridges

LOWELL, MA--(Marketwired - Feb 23, 2016) - TRC Companies, Inc. (NYSE: TRR) today announced it has been awarded a five-year, $19.8 million contract by the Pennsylvania Department of Transportation (PennDOT), to provide construction inspection services for precast and prestressed concrete products used on roadway and bridge projects across the state. The work will support the inspection of new structures being installed to replace and upgrade aging infrastructure systems throughout Pennsylvania. 

"This award extends our 25-year relationship with PennDOT, and we are pleased to continue our role in support of important infrastructure upgrade projects across the state," said Scott Gallaher, P.G., Principal of Construction Engineering and Inspection Services for TRC. "These efforts will help to address structurally deficient bridges throughout Pennsylvania, greatly enhancing the safety and quality of the state's highway system."

The project will include fabrication shop inspection by a staff of approximately 22 highly specialized TRC construction inspectors with expertise in prefabricated concrete. Specific items that will receive regular inspection include drainage elements, median barriers, earth retaining walls, bridge superstructures, pre-stress beams, large special design pipes and various other items. TRC will also support PennDOT with specification writing, technical analytics and program consultation.

About TRC
A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, environmental consulting and construction management firm that provides integrated services to the energy, environmental, infrastructure and pipeline services markets. TRC serves a broad range of commercial, industrial and government clients, 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 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, 2015, 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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