Cematrix wins $11.9-million in contracts

Executive Summary

• Cematrix Corp. secured $11.9 million in new contract awards, comprising both signed contracts and contracts currently in process.
• The awarded projects span various geotechnical applications, including load-reducing fill for highway improvements, pipeline abandonment grouting, and tunnel applications.
• Project start dates are scheduled for 2025 and 2026, with a mix of large-scale infrastructure projects and smaller to mid-sized lightweight fill applications across Canada and the United States.

Key Details

• Total Value: $11.9 million in new contract awards.
• Project Types Included:
  • Load reducing fill for an MSE (Mechanically Stabilized Earth) wall on a highway improvement project.
  • Load reducing fill application on a highway improvement project.
  • Grout application for a pipeline abandonment project.
  • Load reducing fill application for a tank base project.
  • Grout application for a tunnel project.
  • Various small to mid-sized projects for lightweight fill applications.
• Geographic Scope: Projects located in Canada and the United States.
• Timeline: Some projects are scheduled to begin in 2025, while others are forecasted to start in 2026.
• Company Status: Described as an early-stage growth company with significant revenue, positive EBITDA, positive cash flow from operations, and a healthy balance sheet.
• Subsidiaries: Cematrix (Canada) Inc. (CCI), MixOnSite USA Inc. (MOS), and Pacific International Grout Company (PIGCo).

Notable Quotes

• "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."