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Source: CEMATRIX Corporation
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  • CEMATRIX (CVX) operating subsidiaries have executed $5.5 million in new contracts
  • The company’s backlog now totals $91.4 million
  • CEMATRIX manufactures and supplies technologically advanced cellular concrete products across North America
  • As the result of several recent acquisitions, CEMATRIX is now North America’s largest cellular concrete company
  • CEMATRIX Corporation (CVX) opened trading at C$0.465 per share

CEMATRIX (CVX) operating subsidiaries have executed $5.5 million in new contracts.

Factoring in these new contracts, the converted contracts and the sales completed to date, the company’s backlog now totals $91.4 million.

$22.2 million of the corporation’s backlog is contracted and $69.2 million are contracts in process.

“We are pleased to announce that these geotechnical infrastructure projects are located across North America,” stated Jeff Kendrick, CEMATRIX President and CEO.

“CEMATRIX’s Canadian and U.S. bid activity continues to remain strong, which has resulted in a strong backlog that has increased 26 per cent since year end. We expect this trend to continue for the foreseeable future as governments continue to spend and move new commitments forward on both new and replacement infrastructure.”

CEMATRIX manufactures and supplies technologically advanced cellular concrete products across North America. This cement-based material delivers cost-effective, innovative solutions to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.

Through recent acquisitions of Chicago-based MixOnSite and Bellingham-based Pacific International Grout, CEMATRIX is now North America’s largest cellular concrete company.

CEMATRIX Corporation (CVX) opened trading at C$0.465 per share.

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