Insituform (INSU) Wins $7.7 Million Sewer Contract in Hartford, Connecticut
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Insituform Technologies, Inc. (Nasdaq: INSU) has been awarded an additional $7.7 million sewer contract from the Metropolitan District Commission (MDC) in Hartford, Connecticut for the rehabilitation of over 200,000 linear feet of 6- to 30-inch sewer lines using Insituform(R) cured-in-place pipe (CIPP). This award is in addition to the $10.3 million contract MDC signed with Insituform last November.
Crews will install Insituform(R) CIPP using the air inversion steam cure (AISC) method, which uses air to invert the CIPP tube and then steam to cure the resin. Using the AISC method can reduce the amount of water used during installation by nearly 95 percent. The project is expected to begin in June 2009 and be completed by December 2010.
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