CALGARY, Alberta, July 10, 2024 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV:CVX) (OTCQB:CTXXF) ("CEMATRIX" or the "Company"), a North American leading manufacturer and supplier of technologically advanced cellular concrete products, today announced that it has executed $9.7 million in new contracts since the company's last announcement. Factoring in the $9.7 million, the year-to-date total in contracts executed is $35.8 million.
"The $9.7 million of new contracts are composed of various projects across North America, one of which is a $6.5 million tunnel grouting project that is scheduled for completion in 2025. The additional $3.2 million in new contracts are mainly scheduled to be completed in 2024," stated Jeff Kendrick, CEMATRIX President and CEO. "With the addition of these new contracts our current backlog now stands at $84.1 million."
The Corporation's Backlog is defined as Contracted plus Contracts in Process net of sales completed to date. Contracts in Process are defined as projects where the related contract is in office for review or signature; or signed and returned to the client for their signature; or is in the post award project submission process; or is awarded by letter of intent; or is awarded by ...