MATRIX SERVICE AWARDED LNG PEAK SHAVING UPGRADE PROJECT FOR LARGE MIDATLANTIC PUBLIC UTILITY
TULSA, Okla., October 25, 2022 – Matrix Service Company (Nasdaq: MTRX) announced today that its subsidiary, Matrix NAC, has been awarded the engineering, procurement, and construction of upgrades being made to an existing LNG peak shaving facility that include a new gas liquefaction system and vaporization system. This project for a large public utility located in the MidAtlantic region of the U.S. was awarded and will be taken into backlog in the second quarter of Fiscal 2023.
“With more than 60 years of experience in the engineering and construction of cryogenic infrastructure, and our leading reputation in LNG Peak Shaving facilities, this project highlights our capabilities in providing services that improve and extend the life of critical assets such as this,” said Matrix Service Company President and CEO, John R. Hewitt. “We appreciate the trust and confidence this long-standing client has placed in Matrix and look forward to completing this work with the highest quality possible, safely, on-time, and on-budget.