CEMATRIX Corporation Announces New Contracts
December 18 2017 - 7:55AM
CEMATRIX Corporation (TSXV:CVX) (the “
Corporation”
or “
CEMATRIX”) announces that its wholly owned
subsidiary, CEMATRIX (Canada) Inc. (the “
Company”)
has received new contracts/purchase orders for $1.6 million,
bringing this year’s total to $10.7 million.
“These new contracts/purchase orders are for
infrastructure projects across Canada”, stated Jeff Kendrick,
CEMATRIX President and CEO, “and in fact, almost 100% of this
year’s contracts have been for infrastructure related projects.
Each one of the new projects are scheduled to be completed in the
first quarter of 2017. This is in addition to the $1.4 million of
projects carried forward into the new year, from the previously
announced contracts, bringing the 2018 total contracts to date to
$3.0 million. Although, 2017 oil and gas related sales have
declined by almost 100%, which impacted our revenue expectations,
infrastructure sales have increased by more than 50%. The revenue
downtrend is forecasted to reverse itself in 2018, as contracted
and verbally awarded infrastructure projects for 2018 now exceed
$10.4 million, which is 41% ahead of the same time, the previous
year.”
CEMATRIX is an Alberta corporation with its head
offices in Calgary, Alberta. The Corporation, through its
wholly owned subsidiary, is a rapidly growing company that
manufactures and supplies technologically advanced cellular
concrete products developed from proprietary formulations. This
unique cement based material with superior thermal protection,
delivers a cost-effective, innovative solution to a broad range of
problems facing the infrastructure, industrial (including oil and
gas) and commercial markets.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information, please
contact:
Jeff Kendrick - President and Chief Executive Officer Phone:
(403) 219-0484
Jeff Walker, The Howard Group – Investor
RelationsPhone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com
Forward-looking information: This news release
contains certain information that is forward looking and is subject
to important risks and uncertainties (such statements are usually
accompanied by words such as “anticipate”, expect”, “would’ or
other similar words). Forward looking statements in this document
are intended to provide CEMATRIX security holders and potential
investors with information regarding CEMATRIX and its subsidiaries’
future financial and operations plans and outlook. All forward
looking statements reflect CEMATRIX’s beliefs and assumptions based
on information available at the time the statements were made.
Readers are cautioned not to place undue reliance on this forward
looking information. CEMATRIX undertakes no obligation to update or
revise forward looking information except as required by law. For
additional information on the assumptions made and the risks and
uncertainties which may cause actual results to differ from the
anticipated results, refer the CEMATRIX’s Management Discussion and
Analysis dated November 16, 2017 under CEMATRIX’s profile on SEDAR
at www.sedar.com and other reports filed by CEMATRIX with Canadian
securities regulators.
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