Matrix Service Awarded Tank Construction Projects for ExxonMobil Along the Texas Gulf Coast
February 18 2020 - 7:00AM
Matrix Service Company (Nasdaq: MTRX) announced that its subsidiary
Matrix Service Inc. has been awarded multiple projects by
ExxonMobil under a recently signed long-term master service
agreement. The projects, which are already in backlog, include the
engineering, fabrication and construction of six 500,000-barrel
tanks, four of which will be located at ExxonMobil’s Webster
Station in Webster, TX with the remaining two at its Baytown
Complex in Baytown, TX. Matrix Applied Technologies will supply
their FlowDomeTM geodesic domes for the tanks at Webster Station as
well as floating roof seals for all six tanks.
“We are very pleased to have been selected by
ExxonMobil for these expansion projects which will support the Wink
to Webster pipeline system,” said Matrix Service Company President
and Chief Executive Officer John R. Hewitt. “As a leader in the
design and construction of storage tanks, tank products and
terminals, we look forward to working with ExxonMobil on these and
future projects, and to delivering this project safely, on time,
and with the highest degree of quality.”
About Matrix Service
CompanyFounded in 1984, Matrix Service Company
(Nasdaq: MTRX) is parent to a family of companies that includes
Matrix PDM Engineering, Matrix Service Inc., Matrix NAC, and Matrix
Applied Technologies. Our companies design, build and maintain
infrastructure critical to North America's energy and industrial
markets. Matrix Service Company is headquartered in Tulsa, Oklahoma
with offices located throughout the United States and Canada, as
well as Sydney, Australia and Seoul, South Korea.
The Company reports its financial results based
on four key operating segments: Electrical Infrastructure, Storage
Solutions, Oil Gas & Chemical and Industrial. To learn
more about Matrix Service Company, visit
matrixservicecompany.com.
With a culture driven by its core values of
safety, integrity, stewardship, positive relationships, community
involvement and delivering the best, Matrix has twice been named to
Forbes Top 100 Most Trustworthy Companies in America and is
consistently recognized as a Great Place to Work®.
For more information about Matrix, please
contact:
Kevin S. Cavanah |
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Kellie Smythe |
Matrix Service Company |
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Matrix Service Company |
Vice President and CFO |
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Senior Director, Investor Relations |
T: 918-838-8822 |
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T: 918-359-8267 |
Email: ir@matrixservicecompany.com |
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Email: ksmythe@matrixservicecompany.com |
This release contains forward-looking statements that are made
in reliance upon the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
generally accompanied by words such as “anticipate,” “continues,”
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concerning the Company’s operations, economic performance and
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Future events involve risks and uncertainties that may cause actual
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The actual results for the current and future periods and other
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in the “Risk Factors” and “Forward Looking Statements” sections and
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risks and uncertainties are beyond the control of the Company, and
any one of which, or a combination of which, could materially and
adversely affect the results of the Company's operations and its
financial condition. We undertake no obligation to update
information contained in this release.
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