MONTREAL, Jan. 9, 2025 /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, announces today that Water Smart Alliance (WSA), a joint venture (JV) with Stantec, has been awarded a Water Program Management contract by the District of Columbia Water and Sewer Authority (DC Water).
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"AtkinsRéalis has been designing and building water infrastructure around the world for more than a century," said Ian L. Edwards, President and Chief Executive Officer, AtkinsRéalis. "We are committed to developing and implementing innovative and cost-effective solutions to protect and sustain our planet's most critical and valuable resource."
DC Water provides service to millions of residents and visitors across the DC Region operating more than 2,092 kilometers (1,300 miles) of pipes, 43,860 valves and 9,510 public hydrants.i
Under a US$43-million contract, WSA will assist DC Water with refining and optimizing the water portion of their capital improvement plan (CIP), currently valued at US$2B+ii, using best-in-class technologies. The team will deliver its full suite of professional services on this five-year contract (2024-2029) to support DC Water in achieving the following:
Adopt innovative ideas related to collaborative delivery, capital improvement plan optimization, data analytics, and other key business processes to continue DC Water's status as a best-in-class utility.
Enhance resource optimization to manage scope, schedule, and budget effectively across component projects.
Advance effective governance within the Water Program.
Achieve optimal renewal and replacement rates for DC Water's aging infrastructure.
Enhance water supply resilience to the nation's capital.
"DC Water is widely recognized as an industry pioneer having incorporated several cutting-edge technologies and processes and is leading the digitalization charge among its peers," said Steve Morriss, President, U.S., Latin America, and Minerals & Metals, AtkinsRéalis. "We are excited to bring our brand of innovative, collaborative and data-driven programmatic solutions to reinvigorate DC Water's program for service and capital improvement."
AtkinsRéalis and its WSA JV partner have successfully collaborated to furnish program management services for various clients for more than 14 years, including the national flood mapping and risk mitigation program for FEMA and Thames Water technical Partner Framework. The WSA JV brings more than 40 years of dedicated program management experience with more than 200 water professionals in the DC Metro Area alone and nearly 6,000 water professionals worldwide. WSA's culture of quality will deliver a water program that is safe, reliable, resilient, sustainable and equitable and enhances the health, safety, well-being and prosperity of DC Water's customers and stakeholders.
Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at www.atkinsrealis.com or follow us on LinkedIn.
Forward-Looking Statements
References in this press release to the "Company", "AtkinsRéalis", "we", us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "estimates", "expects", "forecasts", "intends", "may", "objective", "plans", "projects", "should", "will", "likely", or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2023 annual management disclosure & analysis ("MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at www.sedarplus.com and on the Company's website at www.atkinsrealis.com under the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the Company's 2023 annual MD&A (particularly in the sections entitled "Risk and Un certainties"), as updated in the first and second quarters 2024 MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.
