Mr. Jeff Walker reports

CEMATRIX ANNOUNCES $11.9 MILLION IN NEW CONTRACT AWARDS

Cematrix Corp. has won $11.9-million in new contract awards.

New contract award details

The awards are in the form of contracts and contracts in process. Some of the projects are currently scheduled to begin in 2025, while others are forecasted to start in 2026:

• A load reducing fill for an MSE wall on a highway improvement project;
• A load reducing fill application on a highway improvement project;
• A grout application for a pipeline abandonment project;
• A load reducing fill application for a tank base project;
• A grout application for a tunnel project;
• The remaining projects are all small to mid-sized projects for lightweight fill applications in Canada and the United States.

"These recent awards reaffirm the trust our customers place in Cematrix's sales and operations teams to deliver high-quality solutions for their geotechnical construction needs," said Randy Boomhour, president and chief executive officer of Cematrix. "We remain committed to creating value by consistently providing reliable, cost-effective products -- delivered on time and within budget. Each successful project enhances our reputation and helps pave the way for future opportunities."

About Cematrix Corp.

Cematrix is a specialty construction contractor that produces cellular concrete solutions on site. Cellular concrete is a flowable, self-levelling, cement-based material with insulating properties. Cematrix provides customers with cost-effective, innovative solutions to tough geotechnical construction challenges.

Applications for cellular concrete include lightweight engineered fill, MSE and retaining wall fill, lightweight insulating road subbase, flowable self compacting fill, pipe and culvert abandonments, tunnel and annular grout, tunnel and shaft backfills, underwater/tremie fills, and shallow utility and foundation insulation.

Cematrix is an early-stage growth company with significant revenue, positive EBITDA (earnings before interest, taxes, depreciation and amortization), positive cash flow from operations, a very healthy balance sheet and a strong team in place. The company's wholly owned operating subsidiaries include Cematrix (Canada) Inc. (CCI), Chicago-based MixOnSite USA Inc. (MOS) and Bellingham-based Pacific International Grout Company (PIGCo).

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