Atlas Awarded $3 Million Inspection and Materials Testing Contract with Los Angeles County Public Works
Atlas Technical Consultants (Nasdaq: ATCX) has secured a $3 million contract with the Los Angeles County Department of Public Works.
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Rhea-AI Summary
Atlas Technical Consultants (Nasdaq: ATCX) has secured a $3 million contract with the Los Angeles County Department of Public Works. This three-year contract, which includes options for two additional one-year renewals, focuses on providing on-call special inspection and materials testing for healthcare facilities. Services will cover structural steel, welding, concrete, and more, ensuring compliance with California’s Office of Statewide Health Planning and Development. Key sites include Harbor-UCLA Medical Center and Los Angeles County-USC Medical Center.
Positive
- Awarded a $3 million contract, enhancing revenue prospects.
- Long-term contract with a duration of three years and two renewal options, ensuring future income stability.
- Opportunity to leverage expertise in a major public sector project, potentially enhancing market reputation.
Negative
- None.
Details
News Market Reaction – ATCX
The recorded move for ATCX in the trading session of this news was +0.81%.
Data tracked by StockTitan Argus. Session date unavailable.
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AUSTIN, Texas, May 18, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental services provider, announced today that it was awarded a
“We are excited for the opportunity to bring our industry leading infrastructure experience and local knowledge to support the Los Angeles County Public Works Department in delivering resilient healthcare facilities to benefit the citizens of the County,” said Atlas CEO L. Joe Boyer.
Atlas will be providing testing and inspections for structural steel, welding, reinforced concrete, structural masonry, prestressed concrete and shoring governed by California’s Office of Statewide Health Planning and Development (OSHPD). Facilities include Harbor-UCLA Medical Center, Los Angeles County-USC Medical Center, Martin Luther King Jr. Medical Center and Olive View-UCLA Medical Center.
About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a leading provider of Environmental (ENV), Testing, Inspection & Certification (TIC), Engineering & Design (E&D), and Program, Construction, and Quality Management (PCQM) services. Under the name Atlas Technical Consultants, we offer solutions to public and private sector clients in the transportation, commercial, water, government, education, and industrial markets. With approximately 3,500 employees and a nationwide footprint, Atlas provides a broad range of mission-critical technical services, helping clients test, inspect, certify, plan, design, and manage a wide variety of projects across diverse end markets. For more information, go to https://www.oneatlas.com.
Contacts:
Media
Karlene Barron
770-314-5270
karlene.barron@oneatlas.com
Investor Relations
512-851-1507
ir@oneatlas.com
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