Primoris Services Corporation Announces Water Award Valued at $16 Million

Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced a new water contract with a municipal customer valued at $16 million. The contract was secured by Cardinal Contractors, part of the East Construction Services segment. The work is scheduled to commence in the second quarter of 2015 and should be completed in the second quarter of 2016.

• The project will essentially double the capacity of the water treatment plant in Abilene, Texas. The job will be run out of Cardinal’s Dallas office.
• The City of Abilene has preselected most of the process equipment to fast track the first phase of the project, which should be completed within a 120 day timeline.
• The work includes the construction of new pretreatment facilities to improve the quality and efficiency of the existing membrane filtration system, as well as installation of a new parallel membrane filtration system. Improvements to the raw water delivery and chemical feed systems are included as well. These modifications will take the facility from its current capacity of 6.0 Million gallons per day (MGD) to approximately 12.0 MGD of clean potable water placed into the system for the residents and business of Abilene.
• The project scope includes approximately 3,600 cubic yards of concrete, approximately 10,000 cubic yards of structural excavation, and nearly 11,000 feet of underground piping.

ABOUT PRIMORIS

Founded in 1960, Primoris, through various subsidiaries, has grown to become one of the largest publicly traded specialty construction and infrastructure companies in the United States. Serving diverse end-markets, Primoris provides a wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation, and other customers. Growing both organically and through acquisitions, the Company’s national footprint now extends nearly nationwide and into Canada. For additional information, please visit www.prim.com.

FORWARD LOOKING STATEMENTS

This press release contains certain forward-looking statements, including with regard to the Company’s future performance. Words such as "estimated," "believes," "expects," "projects," “may,” and "future" or similar expressions are intended to identify forward-looking statements. Forward-looking statements inherently involve known and unknown risks, uncertainties, and other factors, including without limitation, those described in this press release and those detailed in the "Risk Factors" section and other portions of our Annual Report on Form 10-K for the period ended December 31, 2014 and other filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on forward-looking statements. Primoris does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.