July 19, 2011
Jacobs Receives Contract from Hong Kong Government
PASADENA, Calif., July 19, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a contract from the Civil Engineering and Development Department of the Government of the Hong Kong Special Administrative Region to provide services in respect of managing and operating the Public Works Regional Laboratory in Tai Po, Hong Kong. The Laboratory provides construction material compliance testing services for public sector projects.
The contract value is estimated at HKD 34.6 million (approximately USD 5 million).
Jacobs' scope of work for the project includes managing and operating the Public Works Regional Laboratory (Tai Po) with 21 laboratory-based staff for a period of three years. The Public Works Regional Laboratory (Tai Po) forms part of the Public Works Laboratories which comprise a central laboratory and five regional laboratories.
In making the announcement, Jacobs Group Vice President Tom Quinn stated, "We have established a sound, long-term relationship with the Civil Engineering and Development Department, gained through various infrastructure projects. We are pleased to provide additional capabilities to further support the effective operation of their Laboratories, while at the same time adding a new business line to our Hong Kong operations."
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2010 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
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SOURCE Jacobs Engineering Group Inc.