AtkinsRéalis Providing US Federal Railroad Administration Oversight and Monitoring Services

MONTREAL, Nov. 21, 2024 /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, announces that it has been awarded a Support Technical Oversight Review and Monitoring (STORM) services Blanket Purchase Agreement (BPA) by the United States Department of Transportation's (US DOT) Federal Railroad Administration (FRA). FRA administers grants and loans through the STORM program to assist state and eligible entities in financing the planning, acquisition, design, construction and improvement of freight rail and intercity passenger rail infrastructure, facilities and equipment. Amtrak rail service operating support is also managed through STORM. AtkinsRéalis has been a trusted partner to FRA for more than 10 years.

"We are driven by our purpose to engineer a better future for our planet and its people and that includes maximizing appropriations from the Bipartisan Infrastructure Law¹ to help FRA prioritize and safely deliver rail projects for the American people," said Ian L. Edwards, President and Chief Executive Officer, AtkinsRéalis. "By applying the knowledge we've acquired through decades of exceptional railway delivery, we bring about best practices that help improve the passenger experience and community connections for our clients." 

Under the five-year US $60 million BPA, AtkinsRéalis will provide program support, technical assistance, oversight, compliance reviews and project monitoring on behalf of FRA. Projects within STORM are in various stages of development including planning, environmental review, preliminary design, final design, construction and operation.

As an FRA partner, AtkinsRéalis has reviewed Positive Train Control Safety Plans over the past decade and is an operating partner of the Transportation Technology Center (TTC), the FRA's facility for research, development and testing of rail infrastructure and equipment.   

"Our real-world experience sets us apart and allows us to offer clients access to hundreds of thousands of hours of rail and transit sector expertise," said Steve Morriss, President, U.S., Latin America, and Minerals & Metals, AtkinsRéalis. "Through deep knowledge and effective use of data and technology we transform visions into reality."  

AtkinsRéalis has more than 2,000 rail projects in its portfolio including Amtrak, commercial, passenger and freight rail work across the US and 50 high-speed rail (HSR) tasks globally. The Company has 60+ years of experience providing full lifecycle services to federal agencies.  

About AtkinsRéalis   

Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at www.atkinsrealis.com or follow us on LinkedIn. 

Forward-Looking Statements

References in this press release to the "Company", "AtkinsRéalis", "we", us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "estimates", "expects", "forecasts", "intends", "may", "objective", "plans", "projects", "should", "will", "likely", or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2023 annual management disclosure & analysis ("MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at www.sedarplus.com and on the Company's website at www.atkinsrealis.com under the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the Company's 2023 annual MD&A (particularly in the section entitled "Risk and Un certainties"), as may be updated from time to time in the Company's interim quarterly MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.

SOURCE AtkinsRéalis