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Press Release: TAS Commercial Concrete Construction Announces a Contract Award of Approximately $13 Million


HOUSTON, May 16, 2019 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the "Company") a leading specialty construction company, today announced a contract award of approximately $13 million.
The Company’s concrete segment, TAS Commercial Concrete Construction (“TAS”), was recently awarded a contract for a 745,000 square foot residential tower in Houston, Texas. TAS is performing the concrete foundation work and topping slabs as well as providing cast-in-place concrete for the multi-level building, which recently commenced construction and is due to be completed in the first quarter of 2020.“This project represents another significant structural opportunity for TAS and further establishes us as the leader in delivery of all types of concrete construction in the Texas market,” said Mark Stauffer, Orion’s President and Chief Executive Officer.About Orion Group HoldingsOrion Group Holdings, Inc., a leading specialty construction company, provides services in the Infrastructure, Industrial, and Building sectors through its marine construction segment and its concrete construction in the continental United States, Alaska, Canada and the Caribbean Basin. The Company’s marine construction segment services includes marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its commercial concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in Houston, Texas with regional offices throughout its operating areas.Forward-Looking StatementsThe matters discussed in this press release may constitute or include projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, the provisions of which the Company is availing itself. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as 'believes', 'expects', 'may', 'will', 'could', 'should', 'seeks', 'approximately', 'intends', 'plans', 'estimates', or 'anticipates', or the negative thereof or other comparable terminology, or by discussions of strategy, plans, objectives, intentions, estimates, forecasts, outlook, assumptions, or goals. In particular, statements regarding future operations or results, including those set forth in th...


Posted: 2019-05-16 09:00:00

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