THE WOODLANDS, Texas,
March 18, 2024 /PRNewswire/ --
Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or "the
Company") today announced that Plateau Excavation, a Sterling
subsidiary, has been awarded a data center project in the
southeastern U.S. with a value of approximately $100 million. The project scope covers 280 acres
and includes 125,000 linear feet of underground infrastructure
installation. Work is expected to begin in the second quarter of
2024.
CEO Remarks
"The data center market remains extremely robust as our
customers work to build the infrastructure to support future data
demand including the needs of artificial intelligence (AI) and
other emerging technologies," stated Joe
Cutillo, Sterling's Chief Executive Officer. "We are very
pleased to have been selected by our customer for this project.
Plateau's best-in-class capabilities and customer-centric focus
make them a trusted partner in mission critical projects where
on-time delivery matters most."
About Sterling
Sterling Infrastructure, Inc., ("Sterling," "the Company," "we,"
"our" or "us"), a Delaware
corporation, operates through a variety of subsidiaries within
three segments specializing in E-Infrastructure, Transportation and
Building Solutions in the United
States, primarily across the Southern, Northeastern,
Mid-Atlantic and Rocky Mountain regions and the Pacific Islands.
E-Infrastructure Solutions provides advanced, large-scale site
development services for manufacturing, data centers, e-commerce
distribution centers, warehousing, power generation and more.
Transportation Solutions includes infrastructure and rehabilitation
projects for highways, roads, bridges, airports, ports, rail and
storm drainage systems. Building Solutions includes residential and
commercial concrete foundations for single-family and multi-family
homes, parking structures, elevated slabs, other concrete work, and
plumbing services for new single-family residential builds. From
strategy to operations, we are committed to sustainability by
operating responsibly to safeguard and improve society's quality of
life. Caring for our people and our communities, our customers and
our investors – that is The Sterling Way.
Joe Cutillo,
CEO, "We build and service the infrastructure that enables our
economy to run,
our people to move and our country to grow."
Important Information for Investors and Stockholders
Cautionary Statement Regarding Forward-Looking Statements
This press release contains statements that are considered
forward-looking statements within the meaning of the federal
securities laws. Any such statements are subject to risks and
uncertainties, including those risks identified in the Company's
filings with the Securities and Exchange Commission. Accordingly,
such statements should be considered in light of these risks. The
forward-looking statements speak only as of the date made, and we
undertake no obligation to publicly update or revise any
forward-looking statements for any reason, whether as a result of
new information, future events or developments, changed
circumstances, or otherwise, notwithstanding any changes in our
assumptions, changes in business plans, actual experience or other
changes. These cautionary statements qualify all forward-looking
statements attributable to us or persons acting on our behalf.
Sterling Infrastructure Contacts:
Noelle Dilts, VP of Investor
Relations and Corporate Strategy
281-214-0795
noelle.dilts@strlco.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/sterling-announces-data-center-project-award-valued-at-approximately-100-million-302091370.html
SOURCE Sterling Infrastructure, Inc.