LOS ANGELES--(BUSINESS WIRE)--Oct. 17, 2013--
AECOM Technology Corporation (NYSE:ACM), a leading provider of
professional technical and management support services for public and
private clients in more than 140 countries around the world, announced
today that it, in association with PowerTel and Deutsche Bank, has
signed a memorandum of understanding with Wataynikaneyap Power to help
build a new transmission line project in Northwestern Ontario, Canada.
The AECOM-led team will provide design, construction and financial
services for the project. A qualified, licensed transmission partner
also will be selected, which will partly own and operate the line.
The project’s first phase is a new transmission line to Pickle Lake,
Ontario. The second phase will consist of connecting remote First
Nations communities to the provincial power grid.
“We are delighted to play a role in providing needed electrical power in
Ontario,” said AECOM Chairman and Chief Executive Officer John M.
Dionisio. “We look forward to leveraging AECOM’s expertise while
participating in this important project, which is projected to benefit
communities by enabling economic development and providing opportunities
for employment and environmental improvement once operational.”
“Our goal is the grid connection of remote communities and the
elimination of dependency on diesel generation,” said Margaret
Kenequanash, chair of Wataynikaneyap Power. “There are many health,
safety, and environmental concerns with diesel generation, and it does
not meet the needs of our communities. Grid connection will change that,
and our partnership will provide the necessary expertise to move this
important infrastructure project forward.”
About AECOM
AECOM is a global provider of professional technical and management
support services to a broad range of markets, including transportation,
facilities, environmental, energy, water and government. With
approximately 45,000 employees around the world, AECOM is a leader in
all of the key markets that it serves. AECOM provides a blend of global
reach, local knowledge, innovation and technical excellence in
delivering solutions that create, enhance and sustain the world's built,
natural, and social environments. A Fortune 500 company, AECOM
serves clients in more than 140 countries and had revenue of
$8.2 billion during the 12 months ended June 30, 2013. More information
on AECOM and its services can be found at www.aecom.com.
About Wataynikaneyap Power
Wataynikaneyap Power is a First Nation led company working to design,
permit, construct, own and operate a transmission line to bring
additional grid connection to Pickle Lake and beyond to connect remote
First Nation communities in Northwestern Ontario. The company's vision
is to provide reliable and accessible power for residents, businesses,
and industry in the region and realize economic opportunities for First
Nations. More information about Wataynikaneyap Power can be found at www.wataypower.ca.
Forward-Looking Statements: All statements in this press release
other than statements of historical fact are "forward-looking
statements" for purposes of federal and state securities laws, including
any projections of earnings, statements of plans for future operations
or expected revenue. Actual results could differ materially from
those projected or assumed in any of our forward-looking statements. Important
factors that could cause actual results to differ materially from our
forward-looking statements are set forth in our quarterly report on Form
10-Q for the fiscal quarter ended June 30, 2013, and our other reports
filed with the U.S. Securities and Exchange Commission. AECOM
does not intend, and undertakes no obligation, to update any
forward-looking statement.
NR 13-1004
Source: AECOM Technology Corporation
Media:
Paul Dickard, 646-432-8473
VP, External
Communications
Paul.Dickard@aecom.com
