LOMBARD, Ill., Sept. 18, 2015 (GLOBE NEWSWIRE) -- Pernix Group, Inc. (OTCQB:PRXG), a construction company recognized by Engineering News Record for being one of the Top 50 American Contractors working abroad for the last four years in a row, today announced that it has been awarded an $81.6 million dollar contract for the U.S. Embassy Berlin - Clay Allee Campus, including major renovations, campus security upgrade, and Marine Security Guard Quarters (MSGQ) fit-out project.
The site was originally constructed by the German Luftwaffe prior to WWII, and has historical significance stemming from its use as General Clay's Berlin Brigade Headquarters during the Berlin Airlift. Pernix's scope includes historical preservation and sustainability features.
"We're excited about this opportunity and pleased to continue working for the U.S. Department of State," said Nidal Z. Zayed, Pernix's CEO & President. He went on to say, "We again have the opportunity to demonstrate our expertise in delivering complex and mission critical projects for the U.S. Government worldwide. This award is especially momentous because our proposal was recognized by the State Department as the best value. This not only exemplifies the value we bring to our customer, but the world class performance and high standards set by our wonderful team."
Mr. Edward McSweeney, President of Pernix Federal said, "This award demonstrates clearly that Pernix is on the right path and poised to become a formidable force in the U.S. Government contracting market."
About Pernix Group, Inc.
Pernix Group, Inc. is a construction company recognized by Engineering News Record for being one of the Top 50 American Contractors Working Abroad for the last four years in a row. Headquartered in Lombard, Illinois, Pernix has operations in the United States, Africa, the Middle East, and the Pacific Rim. Pernix has full-scale construction and management capabilities, in three primary markets: Federal Government, Commercial & Industrial, and Power. Recently, Pernix Group expanded its domestic Commercial & Industrial operations by acquiring KBR Building Group, now known as BE&K Building Group. Pernix also expanded its Pacific operations this year by acquiring assets of DCK Pacific Guam, now operating as Pernix Guam LLC.
Pernix Group, Inc. common stock is traded on the over-the-counter quotation board (OTCQB) under the symbol PRXG. Additional information is available at www.pernixgroup.com.
Forward-Looking Statement
Certain of the statements made in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and other factors that could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater detail in the Company's filings with the U.S. Securities and Exchange Commission.