Monday, 4 November 2013

CEMATRIX President/CEO Announces $1.0 Million Infrastructure Project & Provides Update To HG

CEMATRIX Corporation
CVX – TSX Venture
Shares Issued: 33.4 million
Fully Diluted: 36.7 million

CEMATRIX announced this morning that it has booked another $1.0 million in project work for the year, bringing the 2013 total to $9.3 million to date. According to the news release, the new contract is for an infrastructure related project, set to begin in the spring of 2014.

This morning, we spoke with CEMATRIX President and CEO, Jeff Kendrick, who said that this new contract represents the fifth significant project in Manitoba that has been specified for cellular concrete. Mr. Kendrick stated that he feels this confirms CEMATRIX is achieving a broader market acceptance in this region, as it relates to lightweight engineered fill behind bridge abutments and MSE panels.

CEMATRIX continues to work towards achieving a broader level of acceptance in other provinces as well, particularly in Alberta, British Columbia and Ontario. CEMATRIX’s cellular concrete is now on the Ministry of Transportation of Ontario’s approved product list for various applications. Since making the list in 2012, CEMATRIX completed its first successful bridge abutment in the fall of 2012 and is currently completing its first MSE panel job at a large ongoing project in the Windsor area.

According to Mr. Kendrick, it is the primary goal of CEMATRIX to achieve a more broad market acceptance, for this application and others, over the next few years, a goal he and the team at CEMATRIX get closer and closer to achieving with each new work contract announced.

To view the news release, please click here….