New York MTA Selects Atlas Technical Consultants and its JV Partner WSP to Provide Design-Build Oversight for the $2B Penn Station Access Megaproject

AUSTIN, Texas, March 14, 2022 (GLOBE NEWSWIRE) — Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading infrastructure and environmental services provider, announced today that it was selected, as part of a Joint Venture (JV) with WSP USA, to provide project management services for the Penn Station Access Project. The $115m contract was awarded by the Metropolitan Transportation Authority (MTA) to the JV team, for construction management, design oversight, operations management, and commercial management. The contract term is for 86 months, which includes a 12-month option for additional services.

Penn Station Access will bolster equity by connecting historically underserved communities while also improving regional connectivity and reliability. The project will deliver a new transit option providing direct Metro-North service from the Bronx, Westchester, and Connecticut to Penn Station and Manhattan’s west side.

“We are thrilled to have the opportunity to work on a program that will improve mobility, stimulate local and regional economies while reducing traffic congestion and emissions,” said Atlas CEO, L. Joe Boyer. “We are excited to offer our experience and resources to the MTA to assist them in achieving their key program objectives. This contract supports our long-term growth strategy of delivering significant infrastructure projects that connect people and communities.”

Atlas is committed to maintaining a strong safety culture and a healthy, hazard-free work environment for all who operate in, visit, or enter their facilities and job sites.

About Atlas Technical Consultants
Headquartered in Austin, Texas, Atlas is a leading provider of Infrastructure and Environmental Solutions. We partner with our clients to improve performance and extend the lifecycle of built and natural infrastructure assets stressed by climate, health, and economic impacts. With 3,600+ employees nationwide, Atlas brings deep technical expertise to public- and private-sector clients, integrating services across four primary disciplines: Environmental (ENV); Testing, Inspection and Certification (TIC); Engineering & Design (E&D); and Program Management/Construction Management, and Quality Management (PCQM). To learn more about Atlas innovations for transportation, commercial, water, government, education, and industrial markets, visit https://www.oneatlas.com.

Forward-Looking Statements

The statements contained in this press release that are not purely historical are forward-looking statements. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. The information included in this press release in relation to Atlas has been provided by Atlas and its management team, and forward-looking statements include statements relating to Atlas’ management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us and are based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (1) the effect, impact, potential duration or other implications of the COVID-19 pandemic and any expectations we may have with respect thereto; (2) the risk that our actual results may differ from the guidance we have provided; (3) the ability to recognize the anticipated benefits of our past acquisitions, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain management and key employees; (4) changes adversely affecting the business in which we are engaged; (5) changes in applicable laws or regulations; (6) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and (7) other risks and uncertainties indicated from time to time in the Company’s filings with the U.S. Securities and Exchange Commission, including those under “Risk Factors” therein.

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Media
Karlene Barron
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