Matrix Service Company (Nasdaq: MTRX), a
leading provider of engineering and construction services to the
energy and industrial markets, announced today that its subsidiary,
Matrix PDM Engineering, has signed an exclusive Memorandum of
Understanding with Tissot Industrie, headquartered in Podensac,
France, which allows each to offer total Engineering, Procurement,
and Construction (EPC) solutions for liquid hydrogen storage across
the United Kingdom, Norway, Switzerland, and the European Union.
“We are excited about the significant role Matrix, together with
Tissot, will play in building out the infrastructure needed to meet
an enormous global demand for hydrogen. This partnership marries
Matrix PDM’s unrivaled expertise in cryogenic engineering and
technologies with Tissot’s world-class international construction
expertise to provide complete solutions for customers across Europe
that are seeking storage and terminal solutions to support their
hydrogen ambitions,” said Matrix Service Company President and CEO
John R. Hewitt. “We look forward to a long, mutually beneficial
relationship.”
“Tissot started a partnership with PDM in the early nineteen
sixties and today we are very proud to begin a new chapter with
Matrix PDM Engineering. We are confident that this partnership will
enhance our contribution towards the new energy transition in the
markets where we operate” said Tissot Industrie President, Gérard
Tissot. “With this partnership, Tissot brings its experience of
over 650 spheres including design, fabrication, and erection.
Together we will bring the highest standards and expertise from
both companies to deliver the best in class to the hydrogen
sector.”
Matrix brings more than 65 years of legacy expertise in the
engineering and design of cryogenic infrastructure, positioning the
company as a leading provider of cryogenic hydrogen storage for the
next generation of low carbon energy.
Throughout its history, Matrix has designed multiple spheres for
various products, most recently providing engineering, procurement,
fabrication, and construction services for an 1,800 cm cryogenic
sphere providing hydrogen for a wide range of industries,
especially in the mobility sector.
About Matrix Service
Company Matrix
Service Company (Nasdaq: MTRX), through its subsidiaries, is a
leading North American industrial engineering, construction, and
maintenance contractor headquartered in Tulsa, Oklahoma with
offices located throughout the United States and Canada, as well as
Sydney, Australia and Seoul, South Korea.
The Company reports its financial results in three key operating
segments: Utility and Power Infrastructure, Process and Industrial
Facilities, and Storage and Terminal Solutions.
With a focus on sustainability, building strong Environment,
Social and Governance (ESG) practices, and living our core values,
Matrix ranks among the Top Contractors by Engineering-News Record,
has been recognized for its Board diversification, is an active
signatory to CEO Action for Diversity and Inclusion, and is
recognized as a Great Place to Work®. To learn more about Matrix
Service Company, visit www.matrixservicecompany.com and read our
Fiscal 2022 Sustainability Report.
For more information about Matrix, please
contact:
Kevin S.
Cavanah |
|
Kellie
Smythe |
Matrix Service Company |
|
Matrix Service Company |
Vice President and CFO |
|
Senior Director, Investor Relations |
T: 918-838-8822 |
|
T: 918-359-8267 |
Email: ir@matrixservicecompany.com |
|
Email: ksmythe@matrixservicecompany.com |
|
|
|
About Tissot
Industrie Tissot
Industrie is an internationally recognized French company known for
its expertise in the fabrication and construction of storage
vessels including highly complex cryogenic storage. Since 1942, the
Company has been designing, manufacturing, transporting, and
assembling industrial infrastructure for the storage, handling, and
transformation of liquids, solids, and gasses supporting oil and
gas, chemicals, nuclear, and renewable energy market sectors.
Headquartered in Podensac, France, Tissot Industrie also has
offices in Berre and Saint-Nazaire, France; Croydon, United
Kingdom; Alenquer, Portugal; Point-Noire, Republic of Congo.
For more information about Tissot Industrie, please
contact:
www.tissot.com
Email: contact.podensac@tissot.com
This release contains forward-looking statements that are made
in reliance upon the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
generally accompanied by words such as “anticipate,” “continues,”
“expect,” “forecast,” “outlook,” “believe,” “estimate,” “should”
and “will” and words of similar effect that convey future meaning,
concerning the Company’s operations, economic performance and
management’s best judgment as to what may occur in the future.
Future events involve risks and uncertainties that may cause actual
results to differ materially from those we currently anticipate.
The actual results for the current and future periods and other
corporate developments will depend upon a number of economic,
competitive and other influences, including those factors discussed
in the “Risk Factors” and “Forward Looking Statements” sections and
elsewhere in the Company’s reports and filings made from time to
time with the Securities and Exchange Commission. Many of these
risks and uncertainties are beyond the control of the Company, and
any one of which, or a combination of which, could materially and
adversely affect the results of the Company's operations and its
financial condition. We undertake no obligation to update
information contained in this release.
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