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From Businesswire:

Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) announced today that it has been awarded a $5.5 million contract from the Metropolitan St. Louis Sewer District (MSD). Insituform expects to install approximately 185,000 feet of small- to medium-diameter cured-in-place pipe (CIPP) in residential and commercial areas throughout the St. Louis City and St. Louis County regions.

Chuck Voltz, Senior Vice President of North American Rehabilitation for Insituform Technologies, said, "We have worked with MSD to install CIPP in St. Louis since 1983 -- longer than any other CIPP provider. Our global headquarters are located in St. Louis and we take particular pride in providing a long-term pipeline rehabilitation solution that allows MSD to better serve its customers and promote a safe, healthy community."

Work on the project is expected to begin this month and be completed by May 2012.


This deal supports the recent trend of INSU signing smaller diameter work. However, deals of this size allow Insituform to more efficiently place its workforce which bodes well for margins. Now, if we can only get the midwest weather to cooperate...

Bryan
TMF42
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