MARLTON, N.J. and LOS ANGELES, June 4, 2009 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has been awarded a three-year contract from the Los Angeles Department of Water and Power (LADWP) to provide owner's representative consulting services for various transmission and renewable energy projects.
LADWP is the largest municipally-owned utility in the nation providing water and electricity to more than 3.8 million residents and businesses in a 464-square-mile area. LADWP's operations are financed solely by the sale of water and electric services. The Board of Water and Power Commissioners adopted a more aggressive implementation of its Renewable Portfolio Standard (RPS) Program to meet a goal of 20% renewable energy mix by 2010 and a 35% goal by 2020. To help accomplish this ambitious goal, the agency selected Hill to assist them with contract administration, construction management, project controls, estimating, design reviews, operating procedures, commissioning and training.
"The LADWP renewable energy projects will have a significant impact on the region's infrastructure and power efficiency," said Michael Smith, Hill's Senior Vice President and Southwest Regional Manager. "We look forward to helping our client manage these important projects," Smith added.
Hill International, with 2,300 employees in 80 offices worldwide, provides program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 8th largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
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Certain statements contained in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information contained in this press release, the matters set forth herein including, but not limited to, any projections of earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include: modifications and termination of client contracts; control and operational issues pertaining to business activities that we conduct on our own behalf or pursuant to joint ventures with other parties; difficulties we may incur in implementing our acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in the reports we have filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
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