AUSTIN, Texas, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced today that it has been awarded additional scope as part of the team conducting the geotechnical investigation for the Carbon Free Power Project (CFPP) at the Idaho National Laboratory (INL). Atlas, as part of the Rizzo International team, was awarded a $7 million contract to provide field and lab services that will generate the necessary data to feed into the final geotechnical report.
“Much of the current work on the nation’s first small modular reactor (SMR) nuclear plant consists of studies to gather data and information to include in the application to the Nuclear Regulatory Commission,” said Dan King, Atlas Director of CMT Program Services. “Atlas is pleased to be part of this groundbreaking effort to provide affordable and clean energy - one of 17 United Nations Sustainable Development Goals.” Atlas professionals are monitoring the drilling operations of seven deep exploration drill rigs and taking samples of materials during drilling operations. Atlas’ team of professional engineers and geologists then logs all the samples taken and transports them to a long-term storage facility provided by the INL. This geotechnical investigation will be a supporting document to the Combined Construction and Operation License Application (COLA) for the planned SMR project benefitting the Utah Associated Municipal Power Systems (UAMPS).
“Atlas has more than 20 years of experience working at INL, and we are proud to be part of this ‘first in the world’ project that will provide firm, dispatchable, carbon-free energy to participants and help usher in a new generation of nuclear energy,” added Atlas CEO, L. Joe Boyer.
Nuclear reactors generate virtually emission-free power, which means they can play a crucial role in global efforts to lower emissions and reach the Paris climate goals. SMR plants have a small environmental footprint and generate carbon-free power which supports the net zero goals of the United States government. They require only a small amount of fuel compared to gas or coal and take up a fraction of the space required for wind and solar farms.
Atlas is committed to prioritizing safety and a healthy, hazard-free work environment for all who operate in, visit, or enter their facilities and job sites.
About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a leading provider of Infrastructure and Environmental Solutions. We partner with our clients to improve performance and extend lifecycle of built and natural infrastructure assets stressed by climate, health, and economic impacts. With 3,600+ employees nationwide, Atlas brings deep technical expertise to public- and private-sector clients, integrating services across four primary disciplines: Environmental; Testing, Inspection and Certification; Engineering & Design; and Program, Construction, and Quality Management. To learn more about Atlas innovations for transportation, commercial, water, government, education, and industrial markets, visit https://www.oneatlas.com.
Forward-Looking Statements
The statements contained in this press release that are not purely historical are forward-looking statements and involve a number of risks and uncertainties. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions and estimates, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and variations of such words and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our expectations and beliefs as of the date of this filing concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions or estimates that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those described throughout our annual report on Form 10-K for the year ended December 31, 2020 filed with the U.S. Securities and Exchange Commission (“SEC”) on March 23, 2021, particularly the “Risk Factors” section of such report and the factors described below: (1) the ability to maintain the listing of the Company’s shares of Class A common stock on Nasdaq; (2) the ability to recognize the anticipated benefits of acquisitions, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain management and key employees; (3) costs related to acquisitions; (4) changes in applicable laws or regulations; (5) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors (including as a result of COVID-19); and (6) other risks and uncertainties indicated from time to time in the Company’s filings with the SEC, including those under “Risk Factors” therein. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Readers are urged to carefully review and consider the various disclosures made in this press release and in documents we file from time to time with the SEC that disclose risks and uncertainties that may affect our business. Unless specifically indicated otherwise, the forward-looking statements in this press release do not reflect the potential impact of any divestitures, mergers, acquisitions, or other business combinations that have not been completed as of the date of this filing. In addition, the forward-looking statements in this press release are made as of the date of its release, including expectations based on third-party information and projections that management believes to be reputable, and the Company does not undertake, and expressly disclaims any duty, to update such statements, whether as a result of new information, new developments, or otherwise, except to the extent that disclosure may be required by law.
Contacts:
Media
Karlene Barron
770-314-5270
karlene.barron@oneatlas.com
Investor Relations
Rodny Nacier, ICR Inc.
512-851-1507
ir@oneatlas.com
![](https://ml.globenewswire.com/media/M2RhYzc2NDItNTUxYi00ZjMzLWJlYWUtZjAxNzg4ZGQ2ZTZjLTEyMTA5Mzg=/tiny/Atlas-Technical-Consultants-In.png)