Monday, 16 April 2012

CEMATRIX Solidifying A Strong 2012

CEMATRIX Corporation
CVX - TSX Venture
Shares issued: 33.4 million
Fully diluted: 37.4 million
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CEMATRIX has received new contracts totaling $2.1 million using its unique product solution in various grouting projects from Saskatchewan to Ontario. This new business brings the company’s total contracted work to date to $5.4 million for 2012.

In 2011 CEMATRIX recorded over $7.8 million in revenue. Management believes that the company is on track to beat last year’s numbers by a healthy margin.

Management of CEMATRIX has tirelessly introduced its product to the engineers and decision makers at various planning stages of small and large infrastructure projects and is starting to reap the rewards of its efforts. The infrastructure business includes tunnel grouting, bridge abutment, retaining wall backfill, insulation of shallow utilities roads and runways; and as a floating base over weak and unstable or seismic prone soils.

To learn more about the different applications for cellular concrete, click here.

To view today's news release, click here.